Report: National City in talks with PNC, Canadian bank

The Pittsburgh Business Times ^ | 2008-10-09

[rabscuttle385]

According to a report in Thursday's Wall Street Journal, National City Corp. (NYSE: NCC) is in talks with two banks to discuss a possible sale.

The WSJ cites unnamed sources "familiar with the situation." It names Pittsburgh's largest bank, PNC Financial Services Group Inc., and Bank of Nova Scotia in Canada as among the potential buyers.

[rabscuttle385]

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[rabscuttle385]

Canadian banking ping.

[TSgt]

DAMN! I BANK WITH NATIONAL CITY AND HATE PNC!

PNC = People who Need a Clue Bank

[fanfan]

[Ramcat]

DAMN! I BANK WITH NATIONAL CITY AND HATE PNC!

Me too. I've got four accounts open at NC including my business checking.
None are over the FDIC limit but I've been wondering how big a pain it's gonna be for the account holders when it goes down?

[1Old Pro]

Mitsubishi may buy Morgan Stanley, Abu Dhabi is controlling AMD, it’s fire sale prices.

[Virginia Ridgerunner]

I have to bank with PNC since it is the only game in town in South Central PA, having gobbled up every other local bank there.

I'm holding my breath that it's not getting too big, too fast, and will crash and burn like IndyMac, WaMU, or the others.

[TSgt]

My wife and I banked with PNC many years ago when we first got married and pulled every red cent out after they held our corporate paychecks for two weeks while we watched check after check bounce. Mind you our payroll checks were from major reputable companies. Their reason for not making the funds immediately available after deposit was so they could ensure the availability of funds from the issuing bank. Essentially, they sat on our paychecks for two weeks while we wrote checks against funds that were supposed to be in our account. I was livid and didn’t leave the bank until I had a full report of my transactions and every red cent that I had deposited.

I remember the PNC bank teller informing me that it would take a while to process my request. I told her I would wait and sat in a chair while a dot matrix printer ran nonstop for 20 minutes.

[rabscuttle385]

I have to bank with PNC...

That's unfortunate.

[paul544]

I just closed my PNC account and moved to National City because PNC sucks... Great timing.

[Ramcat]

IIRC I had some difficulties with PNC bank while living in Erie, PA years ago.
I have a Sheetz convenience store a half a mile from my house. They have a no surcharge ATM.
An option will be a local savings bank and the Bank of Sheetz.