PNC Bank Related Content

Triton International Completes Transition of Debt Capital Structure

Container leasing company Triton International took multiple actions to implement its planned transition to a debt capital structure made up of primarily unsecured debt, including amending and restating its existing revolving and term loan facilities so that both will now be unsecured. read more

PNC Completes Conversion of BBVA Branches as Part of Acquisition

PNC Financial Services Group completed the conversion of 2.6 million customers, 9,000 employees and nearly 600 branches across seven states from BBVA USA to PNC Bank. read more

The Evolving Equipment Leasing Landscape: Four Investment Trends to Watch in 2021

Monitor caught up with Eric Hanson to talk about four major trends that will shape investment in the equipment finance industry in 2021. As large financial institutions refine their approach to the market and institutional investors continue to favor equipment asset class gains, investors have gained the benefit of premium returns, while equipment finance companies enjoy unprecedented access to capital. ... read more

M&A Activity To Pick Up In Second Half Following Covid-19-Triggered Slowdown

M&A activity almost came to a halt in 2020, but 2021 has kicked off with a flurry of activity. James Jackson reviews the notable transactions of the last year and says future economic indicators point to continued M&A activity in 2021 as well as strong valuations of quality equipment finance companies.... read more

Peapack-Gladstone Bank Adds O’Hara as Senior Managing Director

Peapack-Gladstone Financial appointed Maureen O’Hara to the role of senior managing director, commercial private banker of its commercial and industrial business. O’Hara most recently served as a principal relationship manager at Wells Fargo. read more

BofA Agents $400MM Ryder Term Loan

Ryder System entered into a new 364-day unsecured syndicated term loan totaling $400 million with a syndicate of eight large financial institutions led by Bank of America as administrative agent. read more

MidCap Financial Acquires PNC Franchise Finance Business

MidCap Financial Services successfully closed the acquisition of substantially all of PNC Bank's Franchise Finance loan portfolio. read more

PNC 2018 Earnings Flat Y/Y, Q4/18 Revenue Down $17MM

PNC reported full year 2018 net income of $5.346 billion, down slightly from $5.388 billion in 2017. Total revenue for the fourth quarter of $4.3 billion declined $17 million. read more

PNC Bank to Acquire Ambassador Financial Group

PNC Bank agreed to acquire Ambassador Financial Group, a provider of balance sheet management, investment banking and capital markets services to banks, insurance companies, and other financial institutions. read more

PNC Increases Board of Directors; Appoints Three New Members

The PNC Financial Services Group increased the number of directors on its board to 14 and appointed three new members. Joseph Alvarado, Richard Harshman and Toni Townes-Whitley joined PNC's board. read more

PNC Bank Provides Refinancing for Two Oilfield Services Providers

PNC Bank closed an $84 million senior secured facility for Innovex Downhole Solutions where it also served as administrative agent. read more

PNC, GIACT Launch New Identity Verification, Authentication Offering

PNC Bank announced a strategic alliance with GIACT Systems, which will enable PNC commercial clients to be armed with real-time fraud prevention tools. read more

PNC Goes National, Expands Retail Banking Across U.S.

PNC Bank launched a national expansion of retail banking, leveraging an array of digital banking capabilities and featuring a new high-yield saving account available to new customers who reside beyond PNC’s traditional market. read more