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NEWS
September 10, 1994 | by Rose DeWolf, Daily News Staff Writer
Six executives of PNC Bank Corp. were among the passengers who died in the crash of USAir Flight 427. Among them was Frank A. Santamaria, 37, who only recently returned to PNC headquarters in Pittsburgh after a 2 1/2 year assignment in Philadelphia. "We have lost six valued colleagues," Thomas H. O'Brien, chairman and chief executive officer of PNC, said in a statement issued yesterday. "Throughout our company, we are all grieving at the tragic loss. Our hearts are with their families and the families of all the passengers and crew," O'Brien said.
BUSINESS
January 7, 1992 | By Andrew Cassel, Inquirer Staff Writer
PNC Financial Corp. is shifting executives in a move likely to increase the centralization of the huge bank holding company in Pittsburgh and cut the autonomy of its subsidiary banks. PNC, parent of Provident National Bank in Philadelphia, Pittsburgh National Bank and other banks in 15 states, announced that Pittsburgh National chairman James E. Rohr had been named president of the parent company. That makes him second in command, after PNC's chief executive officer, Thomas H. O'Brien.
NEWS
March 5, 2008 | INQUIRER STAFF
PNC Financial Serviced Group Inc. named Stephen M. Wynne chief executive of its Wilmington-based subsidiary PFPC, which provides transaction processing and other services to the global investment industry. Wynne is succeeding Timothy G. Shack, who will remain chairman of PFPC and chief information officer of PNC, Pittsburgh. Wynne has been at PFPC for 31 years, the company said. PFPC earned $128 million last year on revenue of $831 million, according to PNC financial statements.
BUSINESS
July 18, 1989 | By Janet L. Fix, Inquirer Staff Writer
PNC Financial Corp., the Pittsburgh company that owns Provident National Bank in Philadelphia, attributed higher profits for the latest quarter and six months to a strong basic banking business and "tight expense management. " "We continue to realize greater efficiencies throughout our banking network," said chairman Thomas H. O'Brien. He noted that the profit gains for the second quarter were achieved even though PNC had one-time gains in the second quarter of 1988 from sales of securities.
BUSINESS
February 8, 1991 | By Janet L. Fix, Inquirer Staff Writer
As it had predicted, PNC Financial Corp. yesterday reported a $168 million loss for the fourth quarter, wiping out nearly half of what the company earned in all of 1989. The Pittsburgh-based parent of Provident National Bank attributed the loss to the need to set aside a massive amount for problem loans. PNC put $430 million into its reserve for loan losses in the quarter after a regular examination of its loan portfolio by federal regulators. Thomas H. O'Brien, chairman, said the weakening economy hurt PNC and the banking industry in 1990.
BUSINESS
September 23, 1988 | By Marc Meltzer, Daily News Staff Writer
By adding a 10th banking company to its impressive list of holdings, PNC Financial yesterday reasserted its dominance over banking throughout a big chunk of the nation's midsection. "Talk about muscle," said Anthony Davis, banking analyst at Wheat First Securities in Richmond, Va. "What they've got is clout. " PNC, which was created just five years ago from the merger of Philadelphia's Provident National and Pittsburgh National banks, is buying the second-biggest banking company in Delaware, the Bank of Delaware Corp.
BUSINESS
October 4, 2013 | By Jeff Gelles, Inquirer Columnist
A common frustration during the Internet era's version of the Cambrian explosion - the sudden appearance, in the six years since the iPhone's launch, of about a million mobile apps - boils down to this: We've developed this amazing thing. How do we get people to try it? It's a huge challenge for a small inventor. But even the largest businesses don't find it easy, which may explain why something new popped up recently on Route 202 in Malvern: a PNC "concept branch" that showcases how the $300 billion bank hopes to integrate technology into a business bound by hundreds of years of tradition.
BUSINESS
April 21, 1988 | By Janet L. Fix, Inquirer Staff Writer
PNC Financial Corp., the Pittsburgh- based parent of Provident National Bank, reported yesterday that growth and improved profit margins on its basic lending business led to higher net income in the first quarter. Also boosting profits, PNC reported, was higher income from fees on bank services such as charges on trust accounts. PNC's acquisition of Central Bancorp of Cincinnati, which was completed in the first quarter, substantially increased the company's assets, making it the largest banking company based in Pennsylvania.
BUSINESS
March 9, 1987 | By Charles V. Zehren, Inquirer Staff Writer
Just as the Dow Jones industrial average was roaring to another record high Wednesday afternoon, Malcolm "Skip" Wilson, chief investment officer of Provident National Bank, was convening a decidedly bearish meeting of the PNC Financial Corp.'s investment policy committee. Gathered around the desk in his 11th-floor office in a building at 17th and Chestnut Streets were Robert Christian, director of economic research, and Lucinda S. Mezey, director of equity research. Voting members other than Wilson also attended via conference calls to their PNC-affiliated banks in Pittsburgh, Erie, Pa., and Louisville, Ky. Each month the committee reviews the research generated by the bank's analysts and sets out the strategy that PNC portfolio managers will follow in deploying roughly $40 billion in assets - with about half in money-market mutual funds and half in actively managed accounts that are balanced between stocks, bonds and cash.
BUSINESS
November 9, 1999 | By Joseph N. DiStefano, INQUIRER STAFF WRITER
First Union, Mellon, Chase, PNC - what's the difference, really? In town last week to rally his troops, PNC chairman Thomas O'Brien sketched the banking hierarchy like this: There are "the worldwide global conglomerates," such as Citigroup, Deutsche, HSBC, Chase. "Then there are major national players. Really, there's only one - Bank America. First Union and Bank One set out to do that. But they stubbed their toes on the execution" with ill-fated mergers, O'Brien said.
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ARTICLES BY DATE
BUSINESS
May 10, 2016
Securities trades recently reported to the Securities and Exchange Commission by officers, directors and principal shareholders of corporations based or having sizable employment in the Philadelphia area. Titles are as reported to the SEC. Comcast Corp. Judith Rodin , director, sold 635 shares at $60.75 on May 2, and now directly holds 14,947 shares. Crown Holdings Inc. Gerard H. Gifford , officer, sold 15,000 shares at $53.79 on April 27, and now directly holds 93,393 shares.
NEWS
February 3, 2016
The FBI and Philadelphia police were asking for the public's help to identify a man who robbed a PNC Bank branch Monday afternoon in Center City. Just after 2:15 p.m., the suspect, described as a black man in his 50s with a salt-and-pepper beard and wearing a white jeff cap, entered the bank on the 1500 block of Walnut Street and handed a teller a note demanding money, the FBI said. The suspect then fled west on Walnut with an undisclosed amount of cash. He was estimated at 5-foot-8 to 5-foot-9, with a medium build.
SPORTS
July 1, 2015 | BY MIKE KERN, Daily News Staff Writer kernm@phillynews.com
SO HOW MANY golfers can ever say they moved up 146 places on the leaderboard, which meant passing almost half the field, in one round? Probably not too many. But now you can include Rusty Harbold, an assistant pro at Lancaster Country Club, which next week will host the U.S. Women's Open. He's one of the 13 players from the Philadelphia Section competing in the 72-hole PGA Professional National Championship at Philadelphia Cricket Club. Yesterday he shot a 3-under par 67 at the original Wissahickon Course, the tougher of the two being used for the first two rounds.
SPORTS
June 30, 2015 | BY MIKE KERN, Daily News Staff Writer kernm@phillynews.com
A MONTH AGO, Gulph Mills Golf Club assistant pro Joshua Rackley pocketed $100,000 for winning the 18-hole Haverford Trust Philadelphia PGA Classic on the second hole of a playoff, by far the biggest payday for the 25-year-old. Or for just about anyone who isn't at least making a living on some mini tour. And yes, he already has invested a sizable chunk of that windfall. Hey, the guy went to North Carolina State. "I can't complain," Rackley said yesterday after completing his morning round at Philadelpia Cricket Club, site of this week's 72-hole Professional National Championship.
SPORTS
June 30, 2015 | By Joe Juliano, Inquirer Staff Writer
Josh Rackley earned much recognition within the Philadelphia Section PGA a month ago after winning the Haverford Philadelphia PGA Classic on the second playoff hole and walking off with a check for a cool $100,000. Rackley, 25, an assistant pro at Gulph Mills Golf Club, can work on a national profile this week at the PGA Professional National Championship. He began to do that Sunday with an opening-round 1-over-par 73 at the Militia Hill course of the Philadelphia Cricket Club, the best showing in relation to par of the 13 section members in the field.
SPORTS
June 29, 2015 | By Joe Juliano, Inquirer Staff Writer
The two most recent PGA Professional National Championships, the premier tournament for U.S. club professionals, have generated some memorable moments for Dave McNabb. McNabb, 49, the head pro at Applebrook Golf Club in Malvern, has capitalized on his success in the PNC to earn back-to-back invitations to the PGA Championship, the first and second majors of his long career. He played four solid rounds in the PNC in 2013 and tied for ninth place to qualify. Last year, he sank a 20-foot birdie putt on the 18th hole to avoid a playoff for the remainder of the 20 available spots in the PGA. "I just felt that I hung in there and something good happened at the end," McNabb said Saturday of last year's clutch putt, as he finished up preparations for Sunday's start of the PNC at the Philadelphia Cricket Club.
NEWS
March 4, 2015 | By Justine McDaniel, Inquirer Staff Writer
PNC Bank will substantially cut its financing of coal companies that practice mountaintop-removal mining, according to a new policy included in a bank report released Monday. The move is seen as a victory by anti-coal activists as PNC joins a growing group of banks that formerly loaned collective billions to coal extraction companies and say they are cutting back on the practice. The changes are "driven by environmental and health concerns, as well as our risk appetite," PNC said in its 2015 Corporate Responsibility Report.
BUSINESS
November 13, 2014 | By Joseph N. DiStefano, Inquirer Staff Writer
North Carolina bank BB&T Corp. has agreed to pay $2.5 billion for Lancaster County's Susquehanna Bancshares , which has 245 branches in southern Pennsylvania, the Philadelphia area, and nearby states. BB&T (it stands for Branch Banking & Trust) plans to cut $160 million from Susquehanna's $500 million in yearly expenses, including staff at Susquehanna headquarters and back offices in Lititz. BB&T currently employs around 3,000. BB&T also plans to rename the Susquehanna Bank Center in Camden and call it the BB&T Center, BB&T president Ricky K. Brown told me. BB&T is buying its way north in search of diversification, Brown said.
NEWS
October 31, 2014 | By Stephan Salisbury, Inquirer Staff Writer
PNC Financial Services Corp., one of the region's largest and most consistent backers of arts-related programs, will continue its Arts Alive funding initiative, bank officials have announced. Since it was established here in 2009, Arts Alive has contributed $6 million to support the arts in the Philadelphia metropolitan area. PNC will continue the program with $1 million for delivery in 2015 and 2016. More than 140 arts programs and 60 organizations have received funding through the initiative, which is administered by the PNC Foundation.
BUSINESS
October 4, 2013 | By Jeff Gelles, Inquirer Columnist
A common frustration during the Internet era's version of the Cambrian explosion - the sudden appearance, in the six years since the iPhone's launch, of about a million mobile apps - boils down to this: We've developed this amazing thing. How do we get people to try it? It's a huge challenge for a small inventor. But even the largest businesses don't find it easy, which may explain why something new popped up recently on Route 202 in Malvern: a PNC "concept branch" that showcases how the $300 billion bank hopes to integrate technology into a business bound by hundreds of years of tradition.
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