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Alliance Shippers, Inc. Selects PNC Bank for Multiple Banking Services; Customer Service and Value-Added Products Key to New Banking Relationship
PRNewswire
EAST BRUNSWICK, N.J.

Alliance Shippers, Inc., the largest independently owned provider of global logistics and intermodal transportation services in North America, has selected PNC Bank, N.A., a member of The PNC Financial Services Group, Inc. (NYSE: PNC) for a comprehensive package of corporate banking services.

PNC Bank will provide Alliance Shippers, Inc., headquartered in Englewood Cliffs, N.J., with a senior secured revolving credit facility, equipment leases and a wide array of treasury management services, including lockbox, controlled disbursements, account reconcilement and sweep investment accounts.

In addition, Alliance Shippers, Inc. will participate in PNC's WorkPlace Banking that offers its employees the ease and convenience of direct deposit of their paychecks into a PNC checking account with additional discounts on loans and financial planning.

"We selected PNC Bank for the value-added products and the structure of the credit facilities. Perhaps the most compelling feature of PNC Bank was the personal touch. While focused on the business at hand, PNC found time to learn our business with personal attention from every layer of the bank, including its senior executive management," said Ronald Lefcourt, president of Alliance Shippers, Inc.

Through more than 50 regional and international sales and operating facilities strategically located in the U.S., Canada and Mexico, Alliance Shippers, Inc. offers shippers worldwide a full-service, single-source team approach to providing The Perfect Shipment® via state-of-the-art rail, highway, ocean and air transportation services.

PNC Bank's wholesale banking business is focused on maximizing value to corporate and real estate clients through the development of customized financial solutions. Offering a broad array of credit, treasury management, capital markets and investment vehicles, PNC Bank's wholesale banking division helps business owners and senior managers achieve their financial and strategic business goals.

The PNC Financial Services Group, Inc., headquartered in Pittsburgh, is one of the nation's largest diversified financial services organizations, providing regional community banking; wholesale banking, including corporate banking, real estate finance and asset-based lending; wealth management; asset management; and global fund services.

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SOURCE: PNC Bank, N.A.

CONTACT: Joseph Whall, +1-732-220-3057 or joseph.whall@pncbank.com, or
Amy Vargo, +1-412-762-1535 or amy.vargo@pnc.com, both of PNC

Web site: http://www.pnc.com/

Company News On-Call:
http://www.prnewswire.com/gh/cnoc/comp/701257.html