Pnc Bank Acquires $16.6 Billion Select Capital Commitments Facilities Of Signature Bridge Bank, N.A.
Pnc Bank Acquires $16.6 Billion Select Capital Commitments Facilities Of Signature Bridge Bank, N.A.
10/03/23, 12:52 PM
Location
PNC Bank ("PNC") today announced it has acquired a portfolio of capital commitments facilities from Signature Bridge Bank, N.A. through an agreement with the Federal Deposit Insurance Corporation ("FDIC") as Receiver. The transaction closed Oct. 2, 2023. The FDIC established Signature Bridge Bank, N.A., on March 12, 2023, after being appointed receiver of the former Signature Bank, New York by the New York State Department of Financial Services.
Company Info
Location
Pittsburgh, Pennsylvania, United States
Company info
For more than 160 years, we’ve been committed to making a difference for our
customers, communities and employees.
Our Main Street banking model means we are uniquely rooted in the places where we operate, living in and supporting the communities in which we do business – understanding our customers are our neighbors.
Through our growth into one of the nation’s leading banks, we are helping customers from coast-to-coast protect and grow their wealth. By combining what customers love about community banks with the security, technology, and capabilities of a top bank, we are helping everyone move forward financially.
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