Local bank plans bonuses, community giving after tax bill passage

Dec 22, 2017

PNC is planning to give employees bonuses and extra cash for their pension plans after the tax bill’s passage.

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The bank — the third-largest one in the region — said Friday that it is planning additional investments such as:

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“The tax reform law creates an opportunity to reward our employees who are working hard each day to serve our customers, build strong relationships in our communities and create long-term value for our shareholders,” stated William S. Demchak, PNC’s chairman, president and chief executive.

PNC, headquartered in Pittsburgh, is the third-largest bank in both the Springfield and Dayton metro areas, according to the FDIC.

For the Dayton metro it had 24 offices and $1.6 billion in local deposits as of June. For the Springfield metro, it had six offices and $248.7 million in local deposits as of June.