PITTSBURGH, March 12, 2012 /PRNewswire/ -- The PNC Financial
Services Group, Inc. (NYSE: PNC) today announced it has completed
the conversion of 900,000 customers and more than 400 branches
across six Southeastern states from RBC Bank (USA) to PNC Bank.
The simultaneous closing and conversion was completed
successfully as the branches reopened March
5 as PNC Bank in Alabama,
Florida, Georgia, North
Carolina, South Carolina
and Virginia.
Starting April 7, more than 140 of
these Southeastern branches will begin to offer Saturday hours of
9:00 a.m. to 1:00 p.m. to make
banking easier for customers of the nation's fifth largest bank,
based on more than 2,900 locations across 19 states and the
District of Columbia.
"The addition of RBC Bank is a great opportunity for PNC to
expand in attractive Southeast markets and generate revenue
growth," said James E. Rohr, PNC's
chairman and chief executive officer. "The success of our recent
acquisitions demonstrates that when we bring our innovative
products and services to new markets we have the proven ability to
win clients and increase efficiencies."
This represents PNC's seventh successful acquisition in the past
eight years and extends the company's strong track record with
integrations. At 415 branches, this was PNC's single biggest
conversion at one time. In 2009-10, PNC converted more than 6
million customers and 1,300 branches from National City Bank in
four phases during a seven-month period.
The PNC Financial Services Group, Inc. (www.pnc.com) is one of
the nation's largest diversified financial services organizations
providing retail and business banking; residential mortgage
banking; specialized services for corporations and government
entities, including corporate banking, real estate finance and
asset-based lending; wealth management; asset management and global
fund services.
CONTACTS:
MEDIA:
Frederick Solomon
(412) 762-4550
corporate.communications@pnc.com
INVESTORS:
William H. Callihan
(412) 762-8257
investor.relations@pnc.com
SOURCE The PNC Financial Services Group, Inc.