PNC completes conversion of National City branches
The PNC Financial Services Group Inc. today announced it has successfully completed the conversion of more than 6 million customers and 1,300 branches from National City Bank to PNC Bank, six months ahead of schedule.
The overall branch conversion, which ranks among the four largest in U.S. banking history, was completed without any major issues, the Pittsburgh-based company said.
"We wanted a seamless transition for our customers and I believe we have achieved that goal based on the tremendous teamwork of our employees and our investments in products and services," said James Rohr, PNC’s chairman and chief executive officer. "This is a historic accomplishment as we double the size of our franchise and create a powerful deposit franchise with significant opportunities to generate revenue growth and create value for our customers, employees, shareholders and communities."
PNC acquired National City on Dec. 31, 2008, and remains on track with a two-year plan for the overall integration.
The branch conversion spans across nine states, including Wisconsin.
