Thursday, August 29, 2013

PNC Financial Services Group's acquisition of RBC 4th among bank deals

PNC Financial Services Group's acquisition of RBC Bank is the fourth-largest bank and thrift deal announced in the U.S. since January 2010, according to a ranking released Thursday.

SNL Financial produced the ranking of the 20 top deals.

Pittsburgh-based PNC announced in 2011 that it planned to acquire RBC Bank’s Raleigh-based U.S. business, in a $3.45 billion deal.

No other North Carolina deals are on the list.

The biggest deal, worth $9 billion, involved Capital One Financial Corp. and ING Bank FSB.

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