The $3.45 billion purchase price Pittsburgh-based PNC Financial has agreed to pay for Raleigh-based RBC Bank USA RBC Bank USA includes $1 billion in PNC common stock, deliverable at the time of the deal’s closing early next year. How much of the $1 billion actually gets handed over, however, depends on what happens to RBC Bank’s troublesome loan portfolio over the next nine months.
PNC Financial’s purchase price for RBC could drop due to loan performance
Most Popular Articles
Latest Articles
Real estate farming: Become the go-to agent in your area using these tips, tools & strategies
Learn how to generate a steady pipeline of real estate leads and clients in your area using this proven approach.
-
Zillow believes the evolution of the industry will only help it grow
-
All parties have settled the Sitzer/Burnett suit, so what’s next?
-
Longtime reverse mortgage leader Scott Norman appointed CEO of Texas MBA
-
Rates at 7% attract different types of borrowers, forcing lenders to rethink profit strategies
-
The unchanging