REGIONAL COMMUNITY BANKING
Regional Community Banking provides deposit, lending, cash management and investment
services to two million consumer and small business customers within PNC’s primary
geographic footprint.
The goal of Regional Community Banking is to generate sustainable revenue growth
by consistently increasing its base of satisfied and loyal customers. The Corporation’s
strategy is to drive revenue growth by building a base of checking account relationships
which provide fee revenue and a low-cost funding source for loans and investments.
PNC seeks to generate additional revenue growth by expanding relationships with
these customers through cross-selling of other products and services.
WHOLESALE BANKING-OVERVIEW
Wholesale Banking (which includes Corporate Banking, PNC Real Estate Finance
and PNC Business Credit) provides lending, treasury management and capital markets-related
products and services to mid-sized corporations, government entities and selectively
to large corporations. Lending products include secured and unsecured loans,
letters of credit and equipment leases. Treasury management services include
cash and investment management, receivables management, disbursement services
and global trade services. Capital markets products include foreign exchange,
derivatives, loan syndications and securities underwriting and distribution.
WHOLESALE BANKING – CORPORATE BANKING
Corporate Banking provides credit, equipment leasing, treasury management and
capital markets products and services to mid-sized corporations, government
entities and selectively to large corporations primarily within PNC’s geographic
region. Treasury management activities, capital markets products and equipment
leasing products offered through Corporate Banking are marketed by several businesses
across the Corporation.
WHOLESALE BANKING – PNC REAL ESTATE FINANCE
PNC Real Estate Finance specializes in financial solutions for the acquisition,
development, permanent financing and operation of commercial real estate nationally.
In addition to the primary Wholesale Bank products and services, PNC Real Estate
Finance originates and sells commercial mortgage loans and provides commercial
mortgage loan servicing and other industry specific products and services to
clients that develop, own, manage or invest in commercial real estate. PNC’s
commercial real estate financial services platform provides processing services
through Midland Loan Services, Inc. (“Midland”). Midland is a leading third-party
provider of loan servicing and technology to the commercial real estate finance
industry. PNC Real Estate Finance, which operates nationwide, also includes
PNC MultiFamily Capital, a national provider of financial services for the multi-family
housing industry, particularly affordable and senior housing as well as healthcare
facilities.
WHOLESALE BANKING – PNC BUSINESS CREDIT
PNC Business Credit provides lending services to middle market customers nationally,
including loans secured by accounts receivable, inventory, machinery and equipment,
and other collateral. Its customers include manufacturing, wholesale, distribution,
retailing and service industry companies.
PNC ADVISORS
PNC Advisors provides a broad range of tailored investment, trust and private
banking products and services to affluent individuals and families, including
full-service brokerage through J.J.B. Hilliard, W.L. Lyons, Inc. (“Hilliard
Lyons”) and investment consulting and trust services to the ultra-affluent through
its Hawthorn division. PNC Advisors also serves as investment manager and trustee
for employee benefit plans and charitable and endowment assets and provides
defined contribution plan services and investment options through its Vested
Interest® product. PNC Advisors provides services to individuals and corporations
primarily within PNC’s primary geographic markets.
BLACKROCK
BlackRock, Inc. (“BlackRock”) is one of the largest publicly traded investment
management firms in the United States with approximately $309 billion of assets
under management at December 31, 2003. BlackRock manages assets on behalf of
institutions and individuals worldwide through a variety of fixed income, liquidity
and equity mutual funds, separate accounts and alternative investment products.
Mutual funds include the flagship fund families, BlackRock Funds and BlackRock
Liquidity Funds (formerly BlackRock Provident Institutional Funds). In addition,
BlackRock provides risk management and investment system services to institutional
investors under the BlackRock Solutions® brand name.