PNC Beefs Up Atlanta Portfolio
PNC Financial Services Group Inc. (NYSE:PNC) is in an expansion mode. Last week, the company completed acquiring the 27-branch retail bank franchise in Georgiafrom Flagstar Bank, a subsidiary of Flagstar Bancorp Inc. (NYSE:FBC). Flagstar Bank sold the leases associated with the branches and the associated businesses and retail deposits worth approximately $210 million at the [...]
PNC Financial Services Group Inc. (NYSE:PNC) is in an expansion mode. Last week, the company completed acquiring the 27-branch retail bank franchise in Georgiafrom Flagstar Bank, a subsidiary of Flagstar Bancorp Inc. (NYSE:FBC).
Flagstar Bank sold the leases associated with the branches and the associated businesses and retail deposits worth approximately $210 million at the closing. PNC paid the Bank net book value of the acquired real estate and fixed and other personal assets associated with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards