PNC Opens New Public Finance Office in Michigan; Creates Dedicated Transportation Group

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PNC expands its Public Finance Group with the opening of a new office in Grand Rapids, Mich. A new specialized transportation group will focus on financing for toll roads and bridges, airports, and mass transit systems.

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With the creation of our Michigan office, as well as a dedicated group of transportation experts, we can continue to build customer and community relationships focused on the specific regional and functional needs of our public finance customers.

PNC Capital Markets announced today the expansion of its Public Finance Group with the opening of a new office in Grand Rapids, Mich. to provide investment banking services for state and local government entities as well as non-profit health care and higher education institutions. PNC Capital Markets also announced the creation of a specialized team focused on public transportation projects, such as toll roads and bridges, airports, and mass transit systems.

Anton Colon will head up the Grand Rapids public finance office. Colon has a bachelor’s degree in finance from the University of Iowa. He joined PNC as a director of PNC Capital Markets in September of 2009. Prior to joining PNC Capital Markets, he worked in corporate finance for National City Bank.

The transportation group will be led by John B. Kelly, managing director at PNC Capital Markets. Kelly holds a Bachelor of Science degree in economics from Harvard University, and has over 28 years of experience, of which 15 years have been dedicated to public finance and transportation.

PNC ranks in the top ten in lead managed transactions across its 13-state footprint which includes DE, FL, IL, IN, KY, MD, MI, MO, NJ, OH, PA, VA, WI, as well as Washington, DC.

“With the creation of our Michigan office, as well as a dedicated group of transportation experts, we can continue to build customer and community relationships focused on the specific regional and functional needs of our public finance customers,” said Thomas Henson, head of public finance for PNC Capital Markets. “The combined teamwork of those on the ground in Michigan, as well as our experts in public transportation, will go a long way towards achieving success and better understanding of the business environments in which our customers work.”

The PNC Financial Services Group, Inc. (http://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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