![]() ![]() Between 19, PNC acquired nine financial institutions. The addition of First Federal made PNC both the largest bank and the largest bank holding company in Pittsburgh. And we shifted our organizational focus from geography to lines of business.Īnother series of acquisitions began in 1991, when PNC purchased First Federal Savings and Loan Association of Pittsburgh. That allowed the bank to offer customers a common set of products and services, wherever they were located. ![]() In 1990, PNC made the strategic decision to move from separate technology platforms, operated by each individual bank, to a single common platform. After the war, other banks followed the example of these PNC predecessors and expanded branch banking and consumer lending. They also began to offer loans to consumers for houses and cars with a relatively simple approval process. ![]() Both of these banks established branches outside Pittsburgh in the smaller manufacturing towns of western Pennsylvania. Together, these banks financed many of the municipal improvements undertaken during the Great Depression.īecause of their partnership, the leaders of First National of Pittsburgh and Peoples-Pittsburgh became national leaders in banking during the 1930s. By the time of its merger with PNC, Provident operated branches throughout the Greater Philadelphia region.ĭuring the 1930s, the First National Bank of Pittsburgh, one of the strongest commercial banks in the city, partnered with Peoples-Pittsburgh Trust Company. The latter company combined with Provident Tradesmens Bank and Trust Company to create Provident National Bank in 1957. In 1922, the Provident Life and Trust Company split into two independent entities: Provident Mutual Life Insurance Company and Provident Trust Company. ![]()
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