PNC does not charge a fee for Mobile Banking. However, third party message and data rates may apply. These include fees your wireless carrier may charge you for data usage and text messaging services. Check with your wireless carrier for details regarding your specific wireless plan and any data usage or text messaging charges that may apply. Also, a supported mobile device is needed to use the Mobile Banking App. Mobile Deposit is a feature of PNC Mobile Banking. Use of the Mobile Deposit feature requires a supported camera-equipped device and you must download a PNC mobile banking app. Eligible PNC Bank account and PNC Bank Online Banking required. Certain other restrictions apply. See the mobile banking terms and conditions in the Digital Services Agreement.
PITTSBURGH, Oct. 12 /PRNewswire-FirstCall/ -- PNC Bank, a member of The PNC Financial Services Group, Inc. (NYSE: PNC) supported small business owners across Pennsylvania with $58.4 million in U.S. Small Business Administration loans, which ranks No. 1 in total dollar volume.
PNC Bank, recognized by the SBA as a Preferred Lender for its ongoing proficiency in processing SBA-guaranteed loans, achieved the top ranking in the state for the U.S. government's reporting period of Oct. 1, 2006, to Sept. 30, 2007. PNC has been the No. 1 lender for the past three years in the Philadelphia and Pittsburgh regions. The new results include:
-- Philadelphia Region: PNC Bank's $39.2 million loaned to 431 businesses
was nearly double the dollar amount loaned by the nearest competitor.
The Philadelphia SBA district is comprised of 40 counties in Eastern
Pennsylvania, including Philadelphia, Lehigh and others.
-- Pittsburgh Region: PNC loaned $19.2 million to 217 businesses in the
Western Pennsylvania region, which is comprised of 27 counties,
including Allegheny, Erie and others.
"PNC's disciplined approach to lending, which includes working with organizations like the SBA, helps small business owners find the cash flow and lending solutions that fit their specific needs," said Jeffrey Schmidt, executive vice president and manager of business banking, PNC Bank. "Our top ranking proves that we are helping business owners across the state achieve their financial goals."
In addition, results recently released by the Federal Financial Institutions Examination Council show that PNC also ranked No. 1 for loans under $100,000 based on dollar volume in the state of Pennsylvania, as well as in key cities, including Philadelphia, Pittsburgh, Erie, Scranton and Harrisburg.
According to the FFIEC, PNC provided $759 million in these loans to Pennsylvania businesses during 2006. That number includes SBA loans under $100,000. The FFIEC is a federal government agency that sets standards for the federal examination of financial institutions by the Federal Reserve System, the Office of the Comptroller of the Currency and other agencies.
Financing was provided by PNC Bank, National Association, a member of The PNC Financial Services Group, Inc.
The PNC Financial Services Group, Inc., (http://www.pnc.com/) is one of the nation's largest diversified financial services organizations providing consumer and business banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management; asset management and global fund services.
SOURCE: PNC Bank
CONTACT: Michelle Deemer of PNC Bank, +1-412-768-5770,
michelle.deemer@pnc.com
Web site: http://www.pnc.com/
Company News On-Call: http://www.prnewswire.com/comp/701257.html
