According to PNC, the company's current name came from the shared initials of a 1983 bank merger between Pittsburgh National Corporation and Provident National Corporation. The bank merger was the largest in U.S. history at the time.
The creation of PNC Financial Corporation resulted from a 1982 Pennsylvania law that allowed state-wide banking, which led to the merger. PNC's first holding company, Pittsburgh National Corporation, was established in 1852, making it Pittsburgh's oldest bank. Provident National Corporation was established in 1862 by Pennsylvania Quakers and was informally known as the "Quaker bank." PNC further states that it continued to consolidate and grow as it acquired more businesses throughout the 1990s.Learn More
A bank deposit slip is a small form designed to place money into a savings or checking account. A bank deposit slip has the account number, the name of the depositor as it appears on the account, the date of the deposit and the amount of funds being placed into an account.Full Answer >
The "CR" next to a monetary amount on a bank or credit card statement represents a credit made to the account. A credit is when money is added to the account.Full Answer >
The simple answer is no. Each bank has its own requirements and restrictions on cashing checks. However, there are a lot of options for cashing checks.Full Answer >
United States paper money can be taken to a bank and exchanged for currency in good condition as long as it is not mutilated. Mutilated currency needs to be examined by experts at the Bureau of Engraving and Printing.Full Answer >