PNC Completes National City Conversion

by Stephanie Crosby PNC Financial Services has completed its conversion of National City branches six months ahead of schedule, according to the company. PNC purchased National City in 2008 for five-point-six million dollars. Since November, PNC has been converting National City branches into the PNC system. Regional President for Kentucky, southern Indiana and Tennessee Chuck… Continue reading PNC Completes National City Conversion

National City Branches to Convert to PNC This Weekend

Starting tomorrow, PNC Bank will begin converting Louisville-area National City’s banks into PNC operations. The move comes after the purchase of the then-faltering National City in 2008. PNC Financial Services announced in October of 2008 that it would purchase National City for five-point-six billion dollars. Cleveland-based National City was hard-hit when the mortgage bubble burst.… Continue reading National City Branches to Convert to PNC This Weekend

National City Defends Its Strength

A University of Louisville finance professor predicts that Cleveland-based National City Bank may be next for review if Congress doesn’t act quickly on a bailout bill. Professor David Dubofsky says the market doesn’t seem to have much confidence in National City. “If you look at the yields on the bonds that have been issued by… Continue reading National City Defends Its Strength