Pnc Bank Acquires $16.6 Billion Select Capital Commitments Facilities Of Signature Bridge Bank, N.A.
Pnc Bank Acquires $16.6 Billion Select Capital Commitments Facilities Of Signature Bridge Bank, N.A.
10/03/23, 12:52 PM
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pittsburghPNC Bank ("PNC") today announced it has acquired a portfolio of capital commitments facilities from Signature Bridge Bank, N.A. through an agreement with the Federal Deposit Insurance Corporation ("FDIC") as Receiver. The transaction closed Oct. 2, 2023. The FDIC established Signature Bridge Bank, N.A., on March 12, 2023, after being appointed receiver of the former Signature Bank, New York by the New York State Department of Financial Services.
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Location
Pittsburgh, Pennsylvania, United States
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