SBNY - PNC Bank Acquires $16.6B Select Capital Commitments Facilities Of Signature Bridge Bank | Benzinga
PNC Financial Services Group Inc's (NYSE: PNC) PNC Bank disclosed buying a portfolio of select capital commitments facilities worth $16.6 billion from Signature Bridge Bank, N.A.
The transaction was made through an agreement with the Federal Deposit Insurance Corporation (FDIC) as Receiver.
The portfolio acquisition, which includes funded loans of $9 billion, will be ...