PNC Financial Services Group

PNC formed in 1983 through the merger of Pittsburgh National Corporation and Philadelphia’s Provident National Corporation, adopting their shared initials. It expanded outside Pennsylvania through Citizens Fidelity in 1986 and moved toward a common technology platform and business-line organization in 1990. Expansion included Riggs and Harris Williams in 2005, National City on December 31, 2008, and RBC Bank (USA) on March 2, 2012. PNC announced the BBVA USA Bancshares acquisition in 2020; its branch network was combined with PNC’s in October 2021.⁠[2]

PNC Grow Up Great began in 2004 as a multiyear bilingual early-education initiative for children from birth to age five. It supports school readiness through educational programs, free learning resources, employee volunteering and support for families and educators. Its website describes it as a $500 million initiative.⁠[3]

On December 9, 2025, PNC Bank launched direct spot bitcoin trading for eligible private-bank clients. Customers could buy, hold and sell bitcoin through Portfolio View in PNC Private Bank Online, using CoinbaseCoinbaseCoinbase is a U.S. operator of crypto asset trading platforms, founded in 2012 by Brian Armstrong and Fred Ehrsam, whose listed parent is Coinbase Global, Inc.; it went public through a direct listing on Nasdaq (ticker COIN) in April 2021 and joined the S&P 500 in May 2025. It provides crypto trading, custody, staking, and stablecoin-related services, launched USDC with Circle, develops the Ethereum layer-2 network Base, and acquired the crypto options exchange Deribit in 2025; its venture investing operates as Coinbase Ventures.Open the full entry’s Crypto-as-a-Service trading and custody infrastructure. The service followed the partnership announced that July; expansion to other customer groups remained a future plan in the announcement.⁠[4]

On January 5, 2026, PNC completed its acquisition of FirstBank Holding Company and its FirstBank banking subsidiary, expanding its ColoradoColoradoColorado is a U.S. state classified as one of the Mountain states, with Denver as its capital. It was admitted to the Union on August 1, 1876, as the 38th state, and its population in the 2020 census (April 1, 2020) was 5,773,714.Open the full entry and ArizonaArizonaArizona is a state in the southwestern United States; its capital and largest city is Phoenix. Arizona was admitted to the Union on February 14, 1912, as the 48th state. Its population at the 2020 Census (April 1, 2020) was 7,151,502.Open the full entry operations.⁠[5]

FirstBank merged into PNC Bank at 11:59 p.m. Eastern Time on June 18, with PNC Bank surviving. On June 22, PNC announced completion of the conversion of 780,000 customers, more than 1,620 employees and 95 branches. The acquisition closing, bank merger and customer-system conversion were separate stages.⁠[6][7]

The 95 former FirstBank branches were in Colorado and Arizona. After conversion, customers could use PNC’s digital banking, treasury management, wealth services and nationwide branch and ATM network.⁠[7]

PNC reported approximately $628 billion in assets, $466 billion in deposits, $62 billion in shareholders’ equity and $499 billion in assets under administration as of September 30, 2026, with about 2,300 branches and 57,000 employees. Its 2026 corporate profile lists William S. Demchak as chairman and CEO, Mark Wiedman as president, and Robert Q. Reilly as CFO.⁠[1]

On November 9, 2026, PNC Bank announced a USDC payment-receipt pilot with Coinbase. Eligible corporate and institutional banking clients admitted to the pilot could receive USDC on EthereumEthereumEthereum is an open, general-purpose smart contract blockchain that launched in 2015, and its native asset is ether (ETH). The project was proposed by Vitalik Buterin and advanced jointly by eight co-founders; the network now uses proof of stake and centers on the EVM, the account model, a rollup scaling roadmap, and the open EIP process.Open the full entry; payments would convert automatically into dollars at a one-to-one rate and enter a designated PNC deposit account. Coinbase Payment products supply the infrastructure. PNC said initial availability was limited to eligible pilot clients.⁠[8]