PNC Financial Services Group operates under various marketing names to offer a wide array of financial services. It’s important for customers seeking personal banking solutions to understand how PNC structures its services and the assurances provided. PNC Bank, National Association, a Member FDIC, is the primary entity through which PNC provides FDIC-insured banking products and services, including personal banking. This membership assures depositors that their funds in personal banking accounts are insured by the FDIC up to the legal limits.
For individuals interested in wealth management and investment consulting, PNC uses the marketing names PNC Private Bank℠ and PNC Private Bank Hawthorn®. These divisions offer services through PNC Bank and subsidiaries like PNC Delaware Trust Company or PNC Ohio Trust Company, focusing on fiduciary services and lending. However, it’s crucial to note that while PNC Bank provides personal banking with FDIC insurance, investments managed under PNC Private Bank are Not FDIC Insured. No Bank Guarantee. May Lose Value. This distinction is vital for personal banking clients who might also explore investment options through PNC.
Beyond personal and private banking, PNC also caters to institutions. PNC Institutional Asset Management® handles investment, trustee, and custody services for institutions. PNC Retirement Solutions® focuses on similar services for employer-sponsored retirement plans. These institutional services operate under different regulatory frameworks and are distinct from personal banking services offered to individual customers. It’s also worth noting that PNC does not offer legal, tax, or accounting advice unless explicitly agreed upon in writing for tax services. Furthermore, PNC Bank is not registered as a municipal advisor, with such services being provided by PNC Capital Advisors for municipal entities.
In summary, Pnc Personal Banking is delivered primarily through PNC Bank, National Association, ensuring FDIC insurance for eligible deposit accounts. While PNC offers a broad spectrum of financial services under different names, understanding this core distinction is key for individuals seeking secure and reliable personal banking solutions. Remember to differentiate between FDIC-insured banking services and investment products, which carry investment risks.
