Partnerships driving diversity both ways in Maryland
Maryland companies have discovered that strategic partnerships between larger organizations and small, minority-owned businesses can yield benefits for both.
Ballard Spahr, PNC partnering for diversity fellowship program in Baltimore
1L Diversity Fellowship Program in Baltimore gives law students the chance to work in a law firm and with corporate in-house counsel after completing their first year of law school.
PNC to pay $9.5M to settle claims of improper SBA loans
PNC Bank is paying the U.S. government $9.5 million to settle a complaint related to loans guaranteed by the Small Business Administration, the U.S. Attorney’s Office for Maryland announced this week. As a lender in the SBA’s Preferred Lenders Program, the Pittsburgh-based bank approved 74 SBA-guaranteed loans brokered by Jade Capital & Investments LLC through […]
Yacht company wins round in suit over PNC prepayment fee
A Baltimore-based yacht services company can sue to recover a $116,000 prepayment fee on a $7 million loan it repaid this year, a federal judge has ruled.
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William Demchak replacing Rohr as PNC Bank CEO
PITTSBURGH — PNC Financial Services Group President William Demchak will replace Chairman and CEO James Rohr who is set to step down in April after nearly 13 years as head of southwestern Pennsylvania’s largest bank. The 64-year-old Rohr will step down at the annual shareholder’s meeting April 23, but will remain executive chairman for a […]
College partnerships are one way financial giants are looking for growth
Banks have long courted students with free checking accounts and other enticements. Now, they’re partnering with colleges and universities to introduce an array of services linked to student life: on-campus ATMs, debit cards and electronic handling of financial aid.
Newsmakers – Laura Gamble
Laura Gamble, regional general manager for PNC Bank, sat down with reporters and editors of The Daily Record for our latest "Newsmakers" interview. She spoke about the changing banking market, the new services PNC offers and the future of the company.
Laura Gamble wants to grow PNC by keeping in touch with its customers
It’s a strange time to be a bank. As low interest rates pinch profits, many community banks struggle to survive, but meanwhile, major conglomerates are mimicking certain qualities of the little guys. Just ask industry veteran Laura Gamble, who was recently appointed Maryland regional president of PNC Financial Services Group Inc.
PNC wins fight over trust-fund distribution
Trustees may request that beneficiaries release them from liability as a condition of distributing trust funds, Maryland’s high court ruled Thursday.
PNC 1Q profit falls, revenue rises on RBC merger
PNC Financial Services Group Inc.’s net income fell in the first quarter on costs related to a major acquisition. Revenue rose in most areas, and shares of the Pittsburgh-based bank, the third largest in Maryland, surged Wednesday. PNC’s revenue growth came despite new regulations limiting the fees banks can charge when people swipe their debit […]
Gamble picked for PNC post in Maryland
PNC Financial Services Group Inc., a Pittsburgh-based financial services company, announced that former Bank of America executive Laura Gamble will become president of PNC’s Greater Maryland region, effective April 23. Gamble succeeds Lou Cestello, who was recently promoted to regional executive overseeing PNC’s new Southeast region. Gamble has more than 20 years experience in the […]