PNC offers a wide range of services for all our customers, from individuals and small businesses, to corporations and government entities. They provide deposit, lending, cash management and investment services to more than 5 million consumer and small business customers across 16 states and the District of Columbia. a broad range of tailored investments, wealth planning, trust and estate administration and private banking services to affluent individuals and families, including the ultra-affluent. Institutional Investments serves as investment manager and trustee for companies, not-for-profit organizations and retirement plans across the country. PNC is an industry leader in many other target markets as well. Experienced mortgage professionals serve customers through any of more than 2,500 Retail Banking branches and our nationwide network of 129 retail mortgage offices in the continental United States. PNC owns approximately one-quarter of BlackRock, one of the largest publicly traded investment management firms in the country. BlackRock works on behalf of institutional and individual investors worldwide through a variety of equity, fixed income, liquidity and alternative investment products.
The bank was the first to apply for a charter under the National Banking Act of 1863, and soon became the First National Bank of Pittsburgh. In 1946, the bank joined with Peoples-Pittsburgh Trust Company to form Peoples First National Bank and Trust Company. And in 1959, Fidelity Trust Company merged with Peoples First, which, in turn, merged with First National. A new bank was born, Pittsburgh National Bank, with a new symbol that expressed the industrial and commercial strength of Pittsburgh's Golden Triangle. In 1922, the Provident Life and Trust Company split into two independent entities: Provident Mutual Life Insurance Company and Provident Trust Company.In 1957, Provident Trust Company of Philadelphia and Provident Tradesmens Bank and Trust Company merged, creating Provident National Bank. A series of mergers with local banks followed and, in 1986, PNC took the major step of merging with an out-of-state bank, Citizens Fidelity Corporation of Louisville, Kentucky. Between 1991 and 1996, PNC acquired nine financial institutions that broadened its customer base to include northern Pennsylvania, Philadelphia, Cincinnati, northern Kentucky and Pittsburgh. In 2006, BlackRock Financial Management acquired Merrill Lynch's investment management business creating one of the top 10 investment management companies in the world. On June 20, 2011, PNC announced it signed a definitive agreement to acquire RBC Bank.