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National City Bank in Washington to Take PNC Name
By Evin Fritschle, Missourian Staff Writer
10/02/2009
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One Washington bank branch will soon change names.
National City Bank, located at 801 Franklin Ave., will soon be renamed PNC Bank.

PNC bought National City Bank in October 2008 using $7.7 billion in Federal TARP money.

At the time National City was regarded as a floundering bank, posting its fifth straight quarterly losses and saying it would cut 4,000 jobs nationwide.

At that time PNC's acquisition made the combined company the nation's fifth-largest bank based on deposits and fourth largest based on number of branches.

The bank's deposit base at that time grew to $180 billion.

Since that time, PNC has closed a number of National City branches, however.

In the St. Louis area, the company has branches in Chesterfield, Arnold, Maryland Heights, Union, Warrenton, Washington, Eureka and more.

The changeover of the Washington location is part of the company's plan to convert all National City branches which is scheduled for the second half of this year through the end of 2010.

PNC, a Pitsburgh, Pa., based company, has branches in 14 states including Missouri and Illinois.

In August 2004, 36 area Allegiant Bank locations became National City.

Washington branch manager B.J. Hillermann did not return phone calls from The Missourian seeking comment.

People may reach the branch at 636-239-3410.


©Washington Missouri 2009

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