PNC - Regional Banks Merge: A Sign Of The Times

• Huntington Bancshares is merging with TCF Financial Corp. to form a bank with $170 billion in assets, moving ahead in order to build scale and develop technological platform.
• Large regional institutions are combining in order to remain competitive in a world where more and more business is being done online and physical assets are on the decline.
• Smaller institutions have done well this past year due to government help during the pandemic, but things are building up and the future looks very challenging for these organizations.
• Investors wanting to put money into the banking industry need to understand the dynamics that are going on and build their investment strategy around these changes taking place.

For further details see: