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PNC Financial Service Group, Inc, most of the times credited to as PNC, an U.S. based financial services corporation. The Origin of the company can be traced back to the Pittsburgh Trust and Saving Company which is located in Pittsburgh and got founded in 1853. After one year Pittsburgh Trust and Saving Company changed name to Pittsburgh Trust Company. Apart from this, the company was the first bank in the Pittsburgh which had been given Charter under the National Banking Act.
Eventually, after the numerous mergers, it got involved with Pittsburgh National Bank, later became one of the major subsidiaries of Pittsburgh National Corporation. PNC provides various types of financial service with the help its 2500 branches spread in major locations across the United States including Florida, Georgia, Kentucky, Indiana, Illinois, Maryland, Michigan, Missouri, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Alabama etc.
Moving toward the company's operation in the field of finance, PNB offers all the manners of financial services such as retail banking, PNC Merchant Services, Business Credit, PNC Mortgage, PNC Global Investment Servicing, PNC Real Estate services etc. Coming to retail banking, PNC has made strong hold in retail sector of banking as it is the one of the largest community banks in the United States. Apart from this, it is on 3rd position having large numbers of automated teller machine. Business Credit is other service of the bank under thourgh which, PNC issues credit cards, master cards etc. The banks majorly focuses on assets based lending which is offered through PNC Business Credit which serves major parts of the United States, Canada, the United Kingdom.
PNC also manages assets based loan syndications and also operates top ten treasury management business. The company's all the work related to acquisitions and merging is done through it subsidiary, called Harris Williams and Company. PNC Mortgage, earlier used to be known as National City Mortgage, is the First Mortgage in the United States having many operations across the country. Mutual fund services of the bank is given by its division, called PNC Global Investment Servicing. PNC Real Estate and Midland Loan Service is other division of the PNC which was meant to provide loan for real estate including housing, office, industrial, lodging etc.
Besides this, PNC has been associated with numerous organizations working for some social cause like education, health, human service, child hood development. Apart form this, the company also sponsors few cultural organization that promotes Arts and such other activities. To the work, PNC has been given many recognitions, In May 2012, National Real Estate magazine gave 2nd place among the 25 biggest direct lenders of the country to PNC Real Estate, one of the divisions of the bank.