PNC Financial Services Group, Inc. (stylized as PNC) is a bank holding company and financial services corporation based in Pittsburgh. Its bank operates in 19 states and the District of Columbia with 2,459 branches and 9,051 ATMs. The company also provides financial services such as asset management, wealth management, estate planning, loan servicing, and information processing.
PNC is on the list of largest banks in the United States and is the fifth largest bank by number of branches, sixth largest by deposits, eighth largest by total assets, and fourth largest in number of ATMs.
The name "PNC" is derived from the initials of both of the bank's two predecessor companies: Pittsburgh National Corporation and Provident National Corporation, which merged in 1983.
PNC Bank offers consumer and business banking services via 2,459 branches in Alabama, Delaware, the District of Columbia, Florida, Georgia, Kentucky, Indiana, Illinois, Maryland, Michigan, Missouri, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Virginia, West Virginia, & Wisconsin.
PNC is one of the largest Small Business Administration lenders.
Virtual Wallet banking product
Virtual Wallet is a combination checking account and savings account accessible via mobile app. It features 3 integrated accounts: a checking account called Spend, an interest-bearing checking account called Reserve, and a savings account called Growth. It was launched in July 2008 and was aimed primarily to the tech-savvy members of Generation Y. In June 2012, the product had 1 million users.
PNC owns 22% of BlackRock, the largest asset management firm in the world by assets under management. This ownership interest had a market value of $17.9 billion as of December 31, 2017.
Asset Management Group
PNC Asset Management Group (AMG) provides Institutional Asset Management and Wealth Management services to high-net-worth individuals and has approximately $282 billion in assets under administration, of which $151 billion is directly under management. PNC Wealth Management is the 16th largest wealth management firm with $48.8 billion in private client assets under management. Hawthorn Family Wealth provides asset management services for family offices with over $20 million in net worth and directly oversaw almost $31 billion as of 2017.
As of December 31, 2017, PNC had $220 billion in outstanding loans, including $147 billion in commercial loans and $73 billion in consumer loans.
As of December 31, 2017, PNC had $5.3 billion in outstanding credit card loans. In 2016, PNC ranked as the 12th largest credit card issuer, with $33 billion in purchase volume.
PNC Business Credit
Operating out of offices in the United States, Canada, and the United Kingdom, PNC Business Credit provides asset-based lending to private equity firms and middle market companies.
Corporate and Institutional Banking/Harris Williams & Co
PNC operates one of the largest treasury management businesses and the 2nd-largest lead arranger of asset-based loan syndications in the United States. Harris Williams & Co., a subsidiary of the company, is one of the U.S.'s largest mergers and acquisitions advisory firms for middle-market companies.
PNC Mortgage (formerly National City Mortgage) is credited with the 1st mortgage in the United States and has offices across the country. The company had $17.212 billion in mortgage loans outstanding as of December 31, 2017.
This is the 2nd mortgage division to be named PNC Mortgage. In 2001, PNC sold the original PNC Mortgage to Washington Mutual due to volatility in the market. In 2005, PNC began outsourcing mortgages to Wells Fargo until the National City deal.
Auto and student loans
As of December 31, 2017, PNC had $12.9 billion in car finance loans and $5 billion in student loans outstanding.
Commercial real estate lending
PNC provides acquisition, development and permanent financing for commercial and real estate clients including term loans and treasury management and capital markets services.
PNC is ranked 7th on the list of largest direct lenders by National Real Estate Investor, with $16.9 billion in annual real estate lending.
Midland Loan Services
Midland Loan Services, a division of PNC Real Estate, is a third-party provider of service and technology for the commercial real estate finance industry. It specializes in commercial loan and CMBS portfolio servicing. Founded in 1991, its headquarters are in Overland Park, Kansas.
PNC/Midland is ranked by Mortgage Bankers Association as the 2nd largest master and primary servicer of commercial bank and savings institution loans.
1970s-era Pittsburgh National Bank logo, used until the 1982 merger to form PNC Bank.
PNC Financial Services traces its history to the Pittsburgh Trust and Savings Company which was founded in Pittsburgh, Pennsylvania on April 10, 1845. Due to the long recovery from the Great Fire of Pittsburgh, PNC was not fully operational until January 28, 1852, when it opened offices at Liberty Avenue and 12th street. The bank was renamed The Pittsburgh Trust Company in 1853. In 1858, the company located its corporate offices at the corner of Fifth Avenue and Wood Street in Pittsburgh where they remain to this day. The bank changed its name to First National Bank of Pittsburgh in 1863, after it became the first bank in the country to apply for a national charter as part of that year's National Banking Act. It received the 48th charter on August 5, 1863, with other later banks receiving charters sooner due to paperwork problems and the fact that the bank was already in business.
By 1959, after a series of mergers, the bank had evolved into the Pittsburgh National Bank, which later became the leading subsidiary of Pittsburgh National Corporation. Another branch of the current bank, the Philadelphia based Provident National Corporation, dates back to the mid-19th century.
In 1982, Pittsburgh National Corporation and Provident National Corporation merged into a new entity named PNC Financial Corporation. It was the largest bank merger in American history at the time and created a company with $10.3 billion in assets. Between 1991 and 1996, PNC purchased more than ten smaller banks and financial institutions that broadened its market base from Kentucky to the Greater New York metropolitan area.
In 1998, PNC acquired Hilliard Lyons for $275 million in cash and stock. Hilliard Lyons was sold in 2008.
In 1998, PNC sold its credit card business to Metris (now HSBC Finance) and MBNA.
In 2006, PNC got back into the credit card business by marketing and issuing credit cards under the MasterCard brand in partnership with U.S. Bancorp. After the National City merger in 2008, the U.S. Bancorp products were converted to PNC Bank products.
National City acquisition
On October 24, 2008, during the financial crisis of 2007-2008, PNC announced that it would acquire Cleveland-based National City Corp. for $5.2 billion in stock. The announcement came hours after PNC sold preferred stock to the United States Treasury as part of the Troubled Asset Relief Program implemented as part of the Emergency Economic Stabilization Act of 2008. The stock issued to the U.S. Treasury was repurchased in 2010.
The deal helped PNC double in size and to become the 6th largest bank in the United States by deposit and 5th largest by branches and made PNC the largest bank in Pennsylvania, Ohio, and Kentucky, as well as the second largest bank in Maryland and Indiana. It also greatly expanded PNC's presence in the Midwest as well as entering the Florida market. National City complemented PNC's presence, as Western Pennsylvania, Cincinnati and Louisville, Kentucky were among the few markets in which both banks had a major presence.
PNC then had its footprint stretch from New York City to St. Louis, Missouri, with branches as far south as Miami and as far north as Sault Ste. Marie, Michigan on the Upper Peninsula of Michigan. PNC completed the conversion of the National City branches on June 14, 2010.
In 2004, PNC acquired United National Bancorp based in Bridgewater, New Jersey for $321 million in cash and 6.6 million shares of its common stock.
In 2005, PNC acquired Riggs Bank, which operated in the Washington metropolitan area. Riggs had been fined after aiding Chilean dictator Augusto Pinochet in money laundering.
On March 2, 2007, PNC acquired Maryland-based Mercantile Bankshares, making PNC the 8th largest bank in the United States by deposits. On October 26, 2007, PNC acquired Yardville National Bancorp, a small commercial bank centered in central New Jersey and eastern Pennsylvania. On April 4, 2008, PNC acquired Sterling Financial Corporation, a commercial and consumer bank with accounts and branches in central Pennsylvania, northeastern Maryland and Delaware.
On September 15, 2007, PNC Bank acquired Citizens National Bank of Laurel, Maryland.
On August 14, 2009, PNC took over Dwelling House Savings & Loan and its only branch location in Pittsburgh's Hill District after Dwelling House suffered from bank failure and was placed under receivership by the Federal Deposit Insurance Corporation (FDIC). Dwelling House had been known in Pittsburgh to provide low-income African Americans loans that were denied by other banks would deny. The branch was closed and accounts were transferred to the existing PNC branch in the Hill District.
In 2011, PNC acquired BankAtlantic's Tampa Bay Area branches.
In December 2011, PNC acquired 27 branches in the northern Atlanta suburbs with $240 million in deposits and $42 million in book value from Flagstar Bank.
In 2012, PNC acquired RBC Bank from Royal Bank of Canada for $3.45 billion. RBC Bank had a 426 branches in southern Virginia, North Carolina, South Carolina, Georgia, Alabama, and Florida. Of these regions, PNC had existing branches only in Florida and the acquisition filled a gap in PNC's market footprint between northern Virginia and central Florida, adding about 900,000 customers and 483 ATM locations. It made PNC the 5th largest bank by branches behind Wells Fargo, Bank of America, Chase, and U.S. Bancorp and the 6th largest by total assets behind the aforementioned four banks and Citibank.
Sale of PNC Global Investment Servicing (2010)
Established in 1973, PNC's Global Investment Servicing subsidiary (GIS) was the 2nd-largest full-service mutual fund transfer agent in the U.S and the second-largest full service accounting & administration provider to U.S. mutual funds. With 4,700 employees, GIS operated from the Republic of Ireland, the United States and the Cayman Islands, and Luxembourg. GIS serviced $1.9 trillion in total assets and 58 million shareholder accounts. In 2007, GIS was awarded a license allowing it to expand further into Europe. PNC Global Investment Servicing was known as PFPC until July 2008.
In 2010, PNC sold GIS to The Bank of New York Mellon acquired GIS to repay funds from the Troubled Asset Relief Program, which were used for the National City acquisition.
Construction of The Tower at PNC Plaza
On May 23, 2011, PNC unveiled plans for the Tower at PNC Plaza, a new $400 million headquarters building, originally planned to be 40 stories, to be constructed by the company on the corner of Fifth Avenue and Wood Street in Downtown Pittsburgh, catercorner to the former headquarters, One PNC Plaza. The modern, environmentally friendly, 33-floor, 800,000-square-foot (74,000 m2) building designed by Gensler opened on October 2, 2015. PNC owns the building and occupies all its space, except for street-level storefronts which are leased to retail tenants. It is one of the world's most environmentally friendly skyscrapers. Some of its features include a double glass facade to reduce cooling costs and promote natural airflow into the building, a high-efficiency climate-control system to heat or cool specific zones of the building as needed, and a pair of living rooftops to collect and channel rainwater and reduce heat gain.
Harris Teeter partnership
On July 30, 2012, PNC announced plans to put ATMs in 138 Harris Teeter grocery stores in the Carolinas, plus 53 other stores.
In September 2014, PNC acquired Solebury Capital Group, a capital markets advisory firm, for $50 million.
In April 2017, the company acquired the U.S. equipment finance business of ECN Capital for $1.3 billion.
In November 2017, the company acquired The Trout Group, an investor relations and strategic advisory firm servicing the healthcare industry.
In 2018, the company acquired Fortis Advisors, which provides post-merger shareholder services.
Overcharging of Black and Hispanic borrowers by National City
In December 2013, the Department of Justice and the Consumer Financial Protection Bureau announced that they had reached an agreement with National City Bank to resolve allegations that the bank had charged Black and Hispanic borrowers higher prices for mortgages between 2002 and 2008, before the acquisition by PNC. Regulators claimed that National City had violated the Fair Housing Act and Equal Credit Opportunity Act by charging more than 75,000 borrowers higher loan rates based on their race or ethnicity rather than their risk level. National City’s lack of pricing guidelines resulted in black borrowers being charged an average of $159 more in extra upfront fees or higher interest than white borrowers. Black borrowers also paid an average of $228 more annually over the life of the loan than white borrowers. Hispanics paid $125 more upfront and $154 more annually than white borrowers. Under the terms of the settlement, PNC was required to pay victims $35 million.
Leak of account information
In March 2006, PNC Bank was forced to reissue hundreds of debit cards to customers after accounts were compromised.
Lawsuit from Military Channel
Also in March 2006, PNC Bank was sued by Paul Bariteau, an investor in the Military Channel. Bariteau claimed PNC let the chairman of the Military Channel make unauthorized withdrawals of millions of dollars from the company's account for personal use.
Securities fraud settlement
In June 2003, PNC Bank agreed to pay $115 million to settle federal securities fraud charges after one of its subsidiaries fraudulently transferred $762 million in bad loans and other venture capital investments to an AIG entity in order to conceal them from investors.
Overtime claim by loan officers
In 2017, PNC agreed to pay $16 million to settle claims of overtime wages by loan officers under the Fair Labor Standards Act.
National Prearranged Services Fraud
According a lawsuit, funds entrusted to National Prearranged Services (NPS), a St.Louis-based company that sold prepaid funerals, were diverted and embezzled. PNC Bank is the successor to Allegiant Bank, which served as a trustee for NPS from 1998 to 2004. In 2015, a jury ordered PNC to pay $391 million. In 2017, a federal judge overturned the decision.
Municipal Bonds Disclosure Violations
In 2015, PNC was one of 22 companies that violated disclosure requirements for municipal bonds by failing to divulge that the issuers had filed late financial reports. It was fined $500,000.
PNC has sponsored several initiatives to improve education, health and human services, cultural activities and the arts. These include "PNC Grow Up Great", a commitment to early childhood development, the "PNC Foundation", and community development investments.
Since 1984, PNC has compiled the Christmas Price Index, a humorous economic indicator which estimates the prices of the items found in the song "The Twelve Days of Christmas".
In 2012, PNC opened the PNC Fairfax Connection, a community center in Cleveland, Ohio.
Notable corporate buildings
- The Tower at PNC Plaza in Pittsburgh, PA
- One PNC Plaza in Pittsburgh, PA (Current corporate headquarters)
- Whitehall in Columbus, OH (Customer service and online banking technical support call center)
- Two PNC Plaza in Pittsburgh, PA
- Three PNC Plaza in Pittsburgh, PA
- U.S. Steel Tower in Pittsburgh, PA (PNC is a major tenant)
- PNC Bank Building at 1600 Market Street, Philadelphia, PA
- PNC Bank Building in Washington, DC
- PNC Bank Building in Columbus, OH
- PNC Bank Center in Wilmington, DE
- PNC Center in Akron, OH
- PNC Center in Cincinnati, OH
- PNC Center in Cleveland, OH (Former headquarters of National City Bank)
- PNC Center in Fort Wayne, IN (Originally the Fort Wayne National Bank Building and later the National City Tower)
- PNC Plaza in Louisville, KY
- PNC Plaza in Raleigh, NC
- PNC Tower in Cincinnati, OH
- National City Tower in Louisville, KY (PNC is a major tenant)
- National City Bank Building in Toledo, Ohio
- PNC Center, Indianapolis, Indiana
- Top of Troy in Troy, MI (PNC is a major tenant)
- PNC Corporate Woods, Kalamazoo, MI
- One Tampa City Center, Tampa, FL (PNC holds the naming rights and is a major tenant)
- Southgate Tower, Southgate, Michigan (PNC is a major tenant) (originally headquarters for Security Bank (Lincoln Park, MI), later housed offices for First of America and National City)
Naming rights and sponsorships
PNC owns corporate naming rights to the following:
PNC is a sponsor of:
- William Demchak April 23, 2013 – present
- James Rohr CEO May 1, 2000 – April 23, 2013, Chairman May 2001 – April 2014
- Thomas H. O'Brien CEO of PNC April 1, 1985 – May 1, 2000
- Robert C. Milsom CEO of Pittsburgh National 1985 – December 31, 1989
- Merle E. Gilliand November 1968 – April 1, 1985
- ^ a b c d e f g h i j k "The PNC Financial Services Group, Inc. 2017 Annual Report (Form 10-K)". sec.gov. U.S. Securities and Exchange Commission. February 2018.
- ^ "FRB: Largest Commercial Banks". Federal Reserve Board of Governors.
- ^ Bell, Claes (March 21, 2017). "10 Banks With The Most ATMs". Bankrate.
- ^ Tascarella, Patty (June 12, 2012). "PNC's Virtual Wallet tops 1 million". American City Business Journals.
- ^ Schultz, Abby (December 16, 2017). "Family Lessons Learned, From Hawthorn, PNC Family Wealth's Nicole Perkins". Barron's.
- ^ Comoreanu, Alina (February 10, 2017). "Market Share by Credit Card Issuer". WalletHub.
- ^ "PNC sells mortgage division". American City Business Journals. February 1, 2001.
- ^ Killian, Erin (September 15, 2005). "Wells Fargo, PNC partner in local home-mortgage venture". American City Business Journals.
- ^ "Top Direct Lenders". National Real Estate Investor.
- ^ "MBA Releases 2017 Year-End Commercial/Multifamily Servicer Rankings" (Press release). Mortgage Bankers Association. February 11, 2018.
- ^ a b c Thurston, George Henry (1 January 1888). "Allegheny County's Hundred Years". A. A. Anderson & Son, book and job printers. Retrieved 12 April 2017 – via Google Books.
- ^ Thurston, George H. (1888). Allegheny county's hundred years. Pittsburgh: University of Pittsburgh, Digital Research Library. p. 258.
- ^ "An Important Anniversary". Pittsburgh Press. January 29, 1909 – via Google.
- ^ a b White, Edward (1903). A century of banking in Pittsburgh. Pittsburgh, Pennsylvania: University of Pittsburgh, Digital Research Library. p. 19.
- ^ Sabatini, Patricia (August 10, 1999). "Obituaries: Ex-bank executive and hospital trustee". Pittsburgh Post-Gazette – via Google.
- ^ "PNC Predecessor Banks: Provident National Corporation".
- ^ "BANKING MERGERS FLOURISH". The New York Times. November 3, 1982.
- ^ "The merger of two bank holding companies was announced". United Press International. April 19, 1982.
- ^ Murray, Matt (August 21, 1998). "PNC Bank to Buy Hilliard-Lyons For $275 Million in Cash and Stock". The Wall Street Journal.
- ^ "PNC's sale of Hilliard Lyons completed". American City Business Journals. April 1, 2008.
- ^ "COMPANY NEWS; METRIS TO BUY $1 BILLION IN CREDIT CARD LOANS FROM PNC". The New York Times. Bloomberg News. September 9, 1998.
- ^ "COMPANY NEWS; MBNA IS BUYING PNC BANK'S CREDIT CARD OPERATIONS". The New York Times. Dow Jones. December 24, 1998.
- ^ Sabatini, Patricia (August 29, 2006). "PNC tries new credit cards, old strategy". Pittsburgh Post-Gazette.
- ^ Dash, Eric (October 24, 2008). "PNC Gets National City in Latest Bank Acquisition". The New York Times.(subscription required)
- ^ FITZPATRICK, DAN; ENRICH, DAVID; PALETTA, DAMIAN (October 25, 2008). "PNC Buys National City in Bank Shakeout". The Wall Street Journal.(subscription required)
- ^ "PNC to Repay TARP Money After Sale of Unit". The New York Times. February 2, 2010.
- ^ "PNC to Acquire National City" (Press release). PR Newswire. October 24, 2008.
- ^ Gordon, Paul (June 22, 2010). "National City conversion to PNC is complete". Journal Star.
- ^ "PNC buys United National Bancorp". American City Business Journals. January 2, 2004.
- ^ O'Hara, Terence (February 11, 2005). "Riggs, PNC Reach New Merger Agreement". The Washington Post.
- ^ a b c d "PNC: Acquired Companies".
- ^ Fitzpatrick, Dan (October 10, 2006). "PNC buying Maryland bank in $6 billion deal". Pittsburgh Post-Gazette.
- ^ "The PNC Financial Services Group Completes Acquisition of Mercantile Bankshares Corporation" (Press release). PR Newswire. March 2, 2007.
- ^ "PNC Completes Acquisition Of Yardville National Bancorp" (Press release). PR Newswire. October 26, 2007.
- ^ "PNC Completes Acquisition of Sterling Financial Corporation" (Press release). PR Newswire. April 4, 2008.
- ^ "Institution History for Laurel Main Street Branch (229427)". Federal Financial Institutions Examination Council.
- ^ Boselovic, Len (August 14, 2009). "PNC to take over troubled Dwelling House". Pittsburgh Post-Gazette.
- ^ Grant, Tim (August 18, 2009). "Dwelling House accounts moved to PNC". Pittsburgh Post-Gazette.
- ^ Harrington, Jeff (January 31, 2011). "PNC enters Tampa Bay market, buying 19 BankAtlantic branches". Tampa Bay Times.
- ^ Sharma, Abhinav (January 31, 2011). "BankAtlantic to sell 19 branches to PNC Bank". Reuters.
- ^ Peters, Andy (July 26, 2011). "PNC Completes Deal for Flagstar's Atlanta Branches". American Banker.
- ^ "PNC Bank to acquire 27 metro ATL Flagstar branches". American City Business Journals. July 26, 2011.
- ^ "PNC Announces Agreement to Acquire 27 Branches from Flagstar" (Press release). PR Newswire. July 26, 2011.
- ^ a b Delano, Jon (June 20, 2011). "PNC To Acquire RBC's United States Unit". CBS.
- ^ "PNC to Buy R.B.C. Unit for $3.5 Billion". The New York Times. June 19, 2011.
- ^ Bansal, Paritosh (June 19, 2011). "PNC to buy RBC unit for $3.45 billion". Reuters.
- ^ "PFPC Becomes PNC Global Investment Servicing" (Press release). Business Wire. July 14, 2008.
- ^ "BNY Mellon Completes Acquisition of PNC's Global Investment Servicing Business" (Press release). PR Newswire. July 1, 2010.
- ^ "Pnc Announces Plans For World's Greenest Skyscraper" (Press release). PR Newswire. May 23, 2011.
- ^ Belko, Mark (October 1, 2015). "PNC shows off tower, its crown jewel". Pittsburgh Post-Gazette.
- ^ Berg, Nate (July 15, 2016). "Award: The Tower at PNC Plaza". American Institute of Architects.
- ^ "PNC Bank Expands ATM Access to 191 Harris Teeter stores" (Press release). PR Newswire. July 30, 2012.
- ^ "PNC Bank adds ATMs in 191 Harris Teeter stores". American City Business Journals. July 30, 2012.
- ^ Tascarella, Patty (September 30, 2014). "PNC buying IPO consulting firm". American City Business Journals.
- ^ Tascarella, Patty (September 30, 2014). "PNC buying IPO consulting firm". American City Business Journals.
- ^ "ECN Capital Completes Sale of US Equipment Finance Business to PNC" (Press release). MarketWired. April 3, 2017.
- ^ FLEISHER, CHRIS (September 29, 2014). "With acquisition, PNC set to enter IPO market". Pittsburgh Tribune-Review.
- ^ "PNC Bank Announces Definitive Agreement to Acquire The Trout Group, LLC" (Press release). PR Newswire. November 27, 2017.
- ^ Tascarella, Patty (November 27, 2017). "Why PNC reeled in Trout". American City Business Journals.
- ^ "PNC Bank Announces Definitive Agreement To Acquire Fortis Advisors" (Press release). PR Newswire. December 20, 2017.
- ^ Tascarella, Patty (December 20, 2017). "PNC buying Fortis Advisors". American City Business Journals.
- ^ "CFPB and DOJ Take Action Against National City Bank for Discriminatory Mortgage Pricing" (Press release). Consumer Financial Protection Bureau. December 23, 2013.
- ^ Kantor, Andrew (March 16, 2006). "USA Today Cyberspeak". USA Today.
- ^ "BARITEAU V. PNC FINANCIAL SERVICES GROUP, INC. (W.D.KY. 10-30-2006)". casetext. October 30, 2006.
- ^ "AIG Agrees to Settle Fraud Cases". Los Angeles Times. Associated Press. November 24, 2004.
- ^ Lee, Suevon (January 5, 2017). "APNC To Pay $16M To Settle Loan Officers' Wage Claims". Law360.
- ^ Kurane, Supriya (March 10, 2015). "U.S. jury orders PNC Bank to pay $391 million in funeral scam case". Reuters.
- ^ Patrick, Robert (August 17, 2017). "Federal appeals court overturns $491 million jury award in prepaid funeral company fraud". St. Louis Post-Dispatch.
- ^ "SEC Sanctions 22 Underwriting Firms for Fraudulent Municipal Bond Offerings" (Press release). U.S. Securities and Exchange Commission. September 30, 2015.
- ^ "Our Philanthropic Efforts". PNC.
- ^ "Holiday Cheer: '12 Days of Christmas' Gifts Rise Just 0.6 Percent In Price, According To PNC" (Press release). PR Newswire. November 15, 2017.
- ^ "PNC Fairfax Connection". PNC Fairfax Connection.
- ^ Bernstein, Rachel (August 21, 2011). "PNC Gets Naming Rights for Mount St Mary's Sports Complex". Daily Record.
- ^ Marcinek, Laura (February 15, 2013). "PNC Names Demchak to Succeed Rohr as Bank's CEO". Bloomberg News.
- ^ "Pittsburgh National Bank gets new management team". Pittsburgh Press. March 22, 1985 – via Google.
- ^ "O'Brien Named Chairman". Pittsburgh Post-Gazette. June 11, 1988 – via Google.
- ^ "O'Brien retiring, Rohr to lead PNC". post-gazette.com. Retrieved 12 April 2017.
- ^ "Pittsburgh National Chairman Announces". Beaver County Times. December 22, 1989 – via Google.
- ^ "Simpson's Leader-Times from Kittanning, Pennsylvania on November 9, 1968 - Page 13". newspapers.com. November 9, 1968.
- ^ "Merle E. Gilliand, 76, Chairman Who Led Growth of PNC Bank". The New York Times. December 11, 1998 – via Google.(subscription required)