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PNC Financial
Banks scale back real estate needs as transactions shift online
April 23, 2013
Scott OlsonAfter zooming higher in the last decade, the number of bank branches in Indiana slipped to 2,056 in 2011, the lowest level
since 2006.
MoreMany banks still digging out from Great Recession trauma
October 13, 2012
The following statistics reflect performance of the 10 banks with the largest market shares in the Indianapolis Metropolitan
Statistical Area.
MoreBanks' market rankings stable despite deposit shifts
October 13, 2012
IBJ StaffBMO Harris and PNC lost some deposits, but the biggest local banks by market share remained the same.
MorePNC earnings sink on soured home mortgages
July 18, 2012
Associated PressPNC Financial Services Group Inc. said Wednesday its second-quarter net income shrank 41 percent, as the bank set aside hundreds
of millions of dollars to buy back home mortgages.
MoreEconomy might worsen before it improves much
June 16, 2012
Norm HeikensIf it seems like the economy should be better by now, under normal circumstances it would. After all, the recession ended
three years ago this month.
MoreDeveloper Broadbent loses fight to keep finances under wraps
March 7, 2012
Scott OlsonA newly public filing shows the co-founder of The Broadbent Co.'s net worth has fallen 60 percent, to $48 million.
MoreLocal PNC Bank exec joining law firm Krieg DeVault
February 29, 2012
Scott OlsonStephen A. Stitle will leave the bank to come aboard the law firm as a partner on May 1. Stitle has spent a combined 17 years
at PNC and National City Bank, which PNC purchased in 2008.
MorePNC's Stitle to chair Central Indiana Business Hall of Fame event
December 31, 2011
IBJ StaffThe event honors men and women who epitomize success in the business world.
MorePNC Financial's quarterly earnings tumble
October 19, 2011
Associated PressPNC Financial Services Group Inc., which has about 1,200 employees and 88 branches in the Indianapolis area, made less money
from loans, deposits, fees and charges in the third quarter.
MoreLenders attempting to foreclose on Broadbent headquarters
July 28, 2011
Scott OlsonHuntington National Bank and PNC Bank claim they are owed roughly $25 million on loans related to Broadbent Co.'s purchase
and renovation of a building on East Washington Street downtown.
MorePNC Financial quarterly earnings top expectations
July 20, 2011
Associated PressPNC Financial, which has 88 Indianapolis-area branches, reported a nearly 13-percent increase in second-quarter earnings,
as the regional bank set aside far less money to cover bad loans.
MoreEffort to save minority car dealer lands Bill Mays in ditch
June 11, 2011
Greg AndrewsPNC Bank last month sued Mays, one of the city’s most prominent black businessmen, charging he defaulted on a $3.5 million
loan he received in 2008 that has an unpaid balance of $2 million.
MoreCost of '12 Days of Christmas' items soars 10.8 percent
November 29, 2010
Associated PressTrying to buy the items repeated in the song's verses would cost $96,824—10.8 percent more than last year due to rising gold
prices and higher pay for nine dancing ladies.
MoreIndianapolis investment adviser Gene Tanner in it for the long haul
November 20, 2010
Norm HeikensAt 78, L. Gene Tanner is one of the longest-serving investment advisers working in Indianapolis. Tanner spoke with IBJ's
Norm Heikens about why he shifted to City Securities, his brush with convicted Ponzi scheme operator Bernard Madoff, and how
his investment strategy has changed.
MoreChildren's Museum to revamp area for preschoolers
September 30, 2010
IBJ Staff and Associated PressThe Children's Museum of Indianapolis has received a three-year, $700,000 grant from the PNC Foundation to renovate its
early childhood exhibit, Playscape. It is the first major gift the foundation has made in Indianapolis.
MoreBanks still cautious on commercial real estate
August 28, 2010
Scott OlsonSinged by the downturn, banks are winnowing real estate portfolios.
MoreFor PNC, there's much riding on smooth transition
June 10, 2010
Peter SchnitzlerPittsburgh-based bank starts converting former National City operations in central Indiana to its brand this weekend. But
any snags could create
opportunities for competitors to pounce on customers.
MorePNC Financial's quarterly profit falls on bailout repayment
April 22, 2010
IBJ Staff and Associated PressPNC Bank has about 80 bank branches and 1,100 employees in the Indianapolis area, all doing business under the National City
name.
MorePNC to pay back bailout money, sell division
February 3, 2010
IBJ Staff and Associated PressPNC, which operates dozens of bank branches in the Indianapolis area under the National City name, is selling its global investment
servicing business to Bank of New York Mellon Corp. for $2.3 billion.
MorePNC battling to keep NatCity's private banking business
December 29, 2009
Scott OlsonPNC Financial is still digesting its $5.6 billion acquisition of National City Corp., but a quiet fight almost certainly
is under way over its lucrative private banking clients.
MoreNatCity name to remain at local branches until early 2010
November 16, 2009
IBJ StaffPittsburgh-based PNC Financial Services Group Inc. has converted 240 former National City Bank branches to their new identity,
but the 77 Indianapolis-area locations will keep the old brand for a bit longer.
MoreEconomic turmoil hasn't shaken up local banks' market shares
October 31, 2009
Peter SchnitzlerOne of the toughest runs for the finance industry since the Great Depression didn’t lead to a major shakeup in Indianapolis’
banking landscape. Substitute PNC’s brand for National City’s, and the top eight positions remain unchanged.
MoreLocal lenders support small-biz loan initiative
October 22, 2009
Scott OlsonSmall business lenders in Indianapolis are supporting a proposal announced by President Obama Wednesday that would increase
the size of government-backed loans.
MorePNC plans return to 'old-fashioned' lending standards
March 2, 2009
Peter SchnitzlerPNC CEO James Rohr, 60, recently sat down with IBJ to discuss the merger between PNC
Financial Services Group Inc. and National City Corp., as well as the recession and PNC's strategy.
MoreTurmoil forces National City sale
December 29, 2008
Cory SchoutenAfter a 17-year run in Indianapolis, National City's trademark green signs are set to be replaced with the blue of Pittsburgh-based
PNC Financial.
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These higher rates Co. e about only because physicians are now hospital employees. otherwise physicians couldn't charge these rates and share the windfall with the hospital. Community/rural hospitals probably not buying physicians practices and thus weren't getting the windfall anyway.
The incentive for poor people to get themselves off public assistance and "no longer be poor" is even with help...they're STILL POOR! Being poor, even with some assistance, isn't all that pleasant. (I speak from experience) It's a stubborn myth that poor people, who are on public assistance, are sitting in the lap of luxury. You should try living on just those "freebies" that you mentioned and see how meager they actually are. By the way, I didn't mean you had to buy/own a puppy...just pet one. :)
As near as I can tell the minority has ZERO constitutional obligation to offer a quorum to the majority. A requirement for quorum was inserted into the constitution so that tyrannical majorities could not simply shove through odious and objectionable legislation (which is exactly what they did.) By allowing a tyrannical majority to charge fines against the minority for exercising their constitutional prerogative to deny quorum the court as made a mockery of constitutional governance in the state of Indiana.
The voters elected the Reps to make a vote not walk out on the vote. They had to the right to exercise their opinion and vote "no" to the bill. Let me ask you this if you walked out of your job for 5 straight weeks would you get paid? Would you even have a job to go back to? If any elected official walks out on the people they should be arrested for stealing tax dollars from the public. They were elected to do a job and not leave when the job gets stuff.
I have been to several of their locations in Pennsylvania and always go in for 1 item and leave with a basket full of things. I'm very happy they decided on Indiana, now if only they would put the other store in eastside.