Stitle: Bank's sale to PNC fuels 'burst of adrenaline'
"I have no intention of retiring â?? now or ever," said Steve Stitle, CEO of National City Bank in Indiana, after the bank was purchased by PNC Financial.
View ArticleTurmoil forces National City sale
After a 17-year run in Indianapolis, National City's trademark green signs are set to be replaced with the blue of Pittsburgh-based PNC Financial.
View ArticlePNC plans return to 'old-fashioned' lending standards
PNC CEO James Rohr, 60, recently sat down with IBJ to discuss the merger between PNC Financial Services Group Inc. and National City Corp., as well as the recession and PNC's strategy.
View ArticleLocal lenders support small-biz loan initiative
Small business lenders in Indianapolis are supporting a proposal announced by President Obama Wednesday that would increase the size of government-backed loans.
View ArticleEconomic turmoil hasn't shaken up local banks' market shares
One of the toughest runs for the finance industry since the Great Depression didn’t lead to a major shakeup in Indianapolis’ banking landscape. Substitute PNC’s brand for National City’s, and the top...
View ArticleNatCity name to remain at local branches until early 2010
Pittsburgh-based PNC Financial Services Group Inc. has converted 240 former National City Bank branches to their new identity, but the 77 Indianapolis-area locations will keep the old brand for a bit...
View ArticlePNC battling to keep NatCity's private banking business
PNC Financial is still digesting its $5.6 billion acquisition of National City Corp., but a quiet fight almost certainly is under way over its lucrative private banking clients.
View ArticlePNC to pay back bailout money, sell division
PNC, which operates dozens of bank branches in the Indianapolis area under the National City name, is selling its global investment servicing business to Bank of New York Mellon Corp. for $2.3 billion.
View ArticlePNC Financial's quarterly profit falls on bailout repayment
PNC Bank has about 80 bank branches and 1,100 employees in the Indianapolis area, all doing business under the National City name.
View ArticleFor PNC, there's much riding on smooth transition
Pittsburgh-based bank starts converting former National City operations in central Indiana to its brand this weekend. But any snags could create opportunities for competitors to pounce on customers.
View ArticleBanks still cautious on commercial real estate
Singed by the downturn, banks are winnowing real estate portfolios.
View ArticleChildren's Museum to revamp area for preschoolers
The Children's Museum of Indianapolis has received a three-year, $700,000 grant from the PNC Foundation to renovate its early childhood exhibit, Playscape. It is the first major gift the foundation has...
View ArticleIndianapolis investment adviser Gene Tanner in it for the long haul
At 78, L. Gene Tanner is one of the longest-serving investment advisers working in Indianapolis. Tanner spoke with IBJ's Norm Heikens about why he shifted to City Securities, his brush with convicted...
View ArticleCost of '12 Days of Christmas' items soars 10.8 percent
Trying to buy the items repeated in the song's verses would cost $96,824—10.8 percent more than last year due to rising gold prices and higher pay for nine dancing ladies.
View ArticleEffort to save minority car dealer lands Bill Mays in ditch
PNC Bank last month sued Mays, one of the city’s most prominent black businessmen, charging he defaulted on a $3.5 million loan he received in 2008 that has an unpaid balance of $2 million.
View ArticlePNC Financial quarterly earnings top expectations
PNC Financial, which has 88 Indianapolis-area branches, reported a nearly 13-percent increase in second-quarter earnings, as the regional bank set aside far less money to cover bad loans.
View ArticleLenders attempting to foreclose on Broadbent headquarters
Huntington National Bank and PNC Bank claim they are owed roughly $25 million on loans related to Broadbent Co.'s purchase and renovation of a building on East Washington Street downtown.
View ArticlePNC Financial's quarterly earnings tumble
PNC Financial Services Group Inc., which has about 1,200 employees and 88 branches in the Indianapolis area, made less money from loans, deposits, fees and charges in the third quarter.
View ArticlePNC's Stitle to chair Central Indiana Business Hall of Fame event
The event honors men and women who epitomize success in the business world.
View ArticleLocal PNC Bank exec joining law firm Krieg DeVault
Stephen A. Stitle will leave the bank to come aboard the law firm as a partner on May 1. Stitle has spent a combined 17 years at PNC and National City Bank, which PNC purchased in 2008.
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