PNC Announces Integration of NC4 with PNC Equipment Finance
Combined Organization Delivers Wide Array of Equipment Finance Solutions
Pittsburgh, PA (PRWEB) November 6, 2009 -- PNC (NYSE: PNC) announced today that PNC Equipment Finance and National City Commercial Capital Company (NC4) have joined under one name as PNC Equipment Finance. Vincent Rinaldi, formerly chief executive officer of NC4, was appointed president and chief executive officer of PNC Equipment Finance.
“The strength of our combined organization offers us an opportunity to provide our customers and prospects with a powerful combination of comprehensive, specialized and highly unified equipment and vendor financing solutions, in addition to our general equipment financing capabilities,” said Rinaldi.
PNC Equipment Finance is the fifth largest bank-affiliated leasing company in the U.S. by net assets, and the sixth largest when ranked by new business volume. PNC Equipment Finance has more than 400 employees who serve 50 states and Canada.
“Our customer focus ranges from small businesses to middle-market companies, large investment grade companies and also government agencies throughout the U.S. and Canada,” added Rinaldi. “We offer customers a broad array of focused specializations along with our general equipment financing solutions.”
Specializations of the combined organization include aviation, technology, health care, energy, general office equipment and equipment finance for golf courses. PNC Equipment Finance offers financing solutions to vendors, value-added resellers, including captive, private label programs, and also consulting services which facilitate the acquisition of equipment and bundled services. PNC offers a full array of Capital Markets activities including lessee advisory services and capital raising associated with equipment finance.
PNC Equipment Finance is part of The PNC Financial Services Group, Inc.
The PNC Financial Services Group, Inc. (www.pnc.com) is one of the nation’s largest diversified financial services organizations providing retail and business banking; residential mortgage banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management; asset management and global fund services.
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