(Reuters) - Pittsburgh-based PNC said the acquisition will help it rank first in deposit share in three wealthy New Jersey counties: Hunterdon, Mercer and Somerset. The purchase comes three months after PNC paid $6 billion for Baltimore's Mercantile Bankshares Corp., becoming the 10th-largest U.S. bank.
Yardville ended March with $2.68 billion of assets, $2.06 billion of deposits and $2 billion of loans. It operates 33 branches in six New Jersey counties and Bucks County, Pennsylvania and has 440 employees. Like many commercial lenders, it has struggled with a tough interest rate environment.
Read more at Reuters.com Bonds News
Yardville ended March with $2.68 billion of assets, $2.06 billion of deposits and $2 billion of loans. It operates 33 branches in six New Jersey counties and Bucks County, Pennsylvania and has 440 employees. Like many commercial lenders, it has struggled with a tough interest rate environment.
Read more at Reuters.com Bonds News
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