NEW YORK - Former President Ronald Reagan said "America is a shining city upon a hill whose beacon light guides freedom-loving people everywhere." In the banking industry PNC shines down on its peers from up above. The Bank which is largely regarded as the gold standard of banking is also known as the bank that did it the right way during the recession. PNC has the second highest amount of capital out of the top 10 major banks only behind Comerica. It also did not need further assistance from the government to deal with bad loans. PNC is known for its conservative and steady lending.The bank was honored as the American Bank of the year today by the prestigious Banker magazine. The Banker is the longest running international banking trade magazine and is published in London by the Financial Times. PNC Chairman and Chief Executive Officer James E. Rohr accepted the award on behalf of PNC at a Dec. 2 "This award represents another milestone in PNC's effort to build a great banking brand," said Rohr. "We accept it on behalf of 50,000 PNC employees who serve customers, shareholders and communities through our differentiated business model and moderate risk philosophy."
The award from The Banker is just one of numerous awards PNC has earned in the past several years, including being named to the BusinessWeek 50 in 2009, selection as one of Fortune's Most-Admired Companies in 2010 and named One of America's Most Shareholder Friendly Companies by Institutional Investor in 2009. Rohr was named Banker of the Year by American Banker in 2007.
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