M&A Deal Summary |
|
|---|---|
| Date | 2005-05-13 |
| Target | Riggs National |
| Sector | Financial Services |
| Buyer(s) | PNC |
| Deal Type | Add-on Acquisition |
| Deal Value | 779M USD |
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| Category | Company |
|---|---|
| Founded | 1852 |
| Sector | Financial Services |
| Employees | 53,686 |
| Revenue | 20.8B USD (2024) |
PNC is a 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. PNC was formed in 1922 and is based in Pittsburgh, Pennsylvania. PNC was founded in 1852 and is based in Pittsburgh, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 19 |
| Sector: Financial Services M&A | 2 of 13 |
| Type: Add-on Acquisition M&A Deals | 2 of 16 |
| State: District of Columbia M&A | 1 of 1 |
| Country: United States M&A | 2 of 19 |
| Year: 2005 M&A | 1 of 1 |
| Size (of disclosed) | 6 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-01-01 |
United National Bancorp
Bridgewater, New Jersey, United States United National Bancorp provides banking services. |
Buy | $638M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-03-02 |
Mercantile Bankshares
Baltimore, Maryland, United States Mercantile Bankshares Corp. provides banking services. |
Buy | $6.0B |
