Published March 12, 2012
The PNC Financial Services Group Inc. announced today it has completed the conversion of 900,000 customers and more than 400 branches across six Southeastern states from RBC Bank (USA) to PNC Bank.
According to the Federal Deposit Insurance Corp., RBC Bank (USA) had nine branch offices in South Carolina, including Columbia, Greenville and Charleston.
The simultaneous closing and conversion was completed successfully as the branches reopened March 5 as PNC Bank in Alabama, Florida, Georgia, North Carolina, South Carolina and Virginia.
Starting April 7, more than 140 of the Southeastern branches of Pittsburgh-based PNC Bank will begin to offer Saturday hours of 9 a.m. to 1 p.m.
PNC Bank is the nation's fifth-largest bank, based on more than 2,900 locations across 19 states and Washington, D.C.
"The addition of RBC Bank is a great opportunity for PNC to expand in attractive Southeast markets and generate revenue growth," said James E. Rohr, PNC's chairman and chief executive officer. "The success of our recent acquisitions demonstrates that when we bring our innovative products and services to new markets we have the proven ability to win clients and increase efficiencies."
This represents PNC's seventh acquisition in the past eight years and extends the company's strong track record with integrations. At 415 branches, this was PNC's single biggest conversion at one time. In 2009-10, PNC converted more than 6 million customers and 1,300 branches from National City Bank in four phases during a seven-month period.