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Finance NEWS

National City banks ready to be PNC in Elkhart County, all of Indiana

by Marilyn Odendahl
Publication: eTruth

June 11, 2010


National City banks in Elkhart County and throughout Indiana will go dark this afternoon and open Monday as PNC, leaving customers with limited access to their accounts during the weekend. 

Pittsburgh-based PNC acquired National City in late 2008, using about $5.2 billion in federal bailout money. Since November 2009, PNC has been converting branches in the Cleveland-based bank's network and this weekend will transition offices in Indiana, Illinois, Missouri and Wisconsin.

Although the switch will bring the fifth largest bank in the United States into the Indiana market, it will probably have little impact on banking in Elkhart, said Thomas Cosimano, professor of finance at the Mendoza College of Business at the University of Notre Dame.

Read the entire article at: http://www.etruth.com/Know/News/Story.aspx?ID=515386