Public Finance

Serving Clients in the Public and Nonprofit Sectors

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Benefit from Nationwide, Client-Centered Support

Providing treasury management, credit, derivative products,
and investment management services through
PNC Bank, National Association and capital markets
products through PNC Capital Markets LLC (PNCCM),
to clients in the public and nonprofit sectors.

Why are we different?

The PNC Public Finance Group is uniquely organized to deliver both traditional bank products through PNC Bank, National Association and capital market solutions through PNC Capital Markets LLC. Our holistic approach is organized around client, not products. Offered solutions reflect our team’s collaboration, best practices of our clients and our deep understanding of the public finance industry and its changing landscape. We strive to identify opportunities for our clients to embrace technology and efficiency in their day-to-day banking operations and PNC’s relationship managers and capital markets team work to solve even the most complex debt structures. Our seamless transaction execution combined with our financial product offerings are reasons to make PNC your financial partner.

Our regional approach to doing business provides us with a keen understanding of the local and national economic factors affecting each client. We are responsible and professional; we care about our clients' success and the success of the communities they serve, wherever they are in the United States.

PNC’s Public Finance group is committed to serving the financial needs of the public sector from state and local governments, school districts and transportation authorities to institutions of higher education and nonprofit organizations.

Work with a Financial Leader

PNC Bank, National Association combines the strength of a large national institution with the community focus of a Main Street bank.

PNC Bank, National Association has committed over $20 billion[1] to governments, nonprofits and higher education institutions through balance sheet tools including loans, direct purchases, lines and letters of credit, stand-by bond purchase agreements and other structures to support the capital and operating needs of public finance entities across our footprint. PNC brings a targeted delivery model based on the organization of credit products and risk teams around specific client sectors.

In 2022, PNCCM provided bond underwriting and investment banking services for 232 municipal bond issuances with principal totaling over $19.4 billion. PNCCM served as lead or sole manager on 110 municipal securities transactions with a par amount in excess of $3.8 billion. As of August 1, 2023, PNCCM also maintains a remarketing book consisting of 119 variable rate issues, with an aggregate principal amount of approximately $3.6 billion[1]. These issues consist of various modes, including daily, weekly, monthly, and semiannual.

Our credit commitments combined with our investment banking issuances ranks us among the largest and most active public finance firms in the nation.

PNC Bank, National Association

#1 Overall Satisfaction

with Relationship Manager and Innovation in Products & Services

(2021 Greenwich Excellence Awards for Middle Market Banking)

2021 Greenwich Excellence Awards for U.S. Middle Market Banking

#1 Overall Client Satisfaction among Lead Relationships

(2021 Greenwich Excellence Awards for Middle Market Banking)

Our Relationship Managers are ranked
#1 in the following categories:

  • #1 - Prompt Follow-Up on Requests
  • #1 - Proactively Provides Advice
  • #1 - Effectively Coordinates Product Specialists
  • #1 - Understanding of Your Industry

Our Treasury Management Platform is ranked
#1 in the following Cash Management categories:

  •  Innovation in Products and Services
  • #1 Accuracy of Operations
  • #1 Customer Service Professional
  • #1 Overall Digital Experience

Access a Variety of Funding Mechanisms

Derivative structures such as caps, floors, collars, swaps, swaptions and forwards through PNC Bank, National Association.

We offer a wide variety of municipal debt-based structures and products through PNC Capital Markets LLC:

  • Tax-exempt and taxable fixed rate bonds
  • Variable rate and multi-modal bonds
  • Certificates of participation

Bank on Our Sector Expertise

We’ve structured successful deals in many sectors of the public finance market.
That means we know a great deal about your business, too. Our clients include:

  • Higher Education: Public and private colleges and universities, technical colleges
  • Major Governments: State governments and agencies, major cities and counties and associated agencies, major transportation agencies, utilities, airports, sports facilities
  • Local Governments: Smaller counties, cities, towns, townships, boroughs, water and sewer authorities, school districts, tax increment financing (TIF) districts
  • Schools: School districts, charter schools, private, independent or religious secondary schools and other educational institutions
  • Nonprofits: National, regional and community-based charitable and research foundations, associations and service organizations and affiliates
  • Housing and Redevelopment: State and local housing finance issuers as well as direct lending, tax credit capital and syndication for housing and redevelopment projects
  • Corporate and Economic Development: Taxable and tax-exempt industrial development or manufacturing issues and special issuance structures

Ideas, Insights & Solutions

Read about recent transactions and the latest
industry trends from PNC’s Public Finance group.

Gain Market Insight

Lenders Cautious but Confident About Financing Construction Assets

Emerging from a period of disruption, the U.S. construction market is moving slowly towards normalcy - with long-term positive expectations.

4 min read

Gain Market Insight

PNC 2025 Outlook: Aviation Finance

In this outlook, PNC Aviation Finance discusses how inventory levels and other factors may affect business demand for private aircraft in 2025.

3 min read

Gain Market Insight

PNC 2025 Outlook: Treasury Management

Investing in technology and digital solutions, improving operations, and optimizing working capital will be priorities for businesses in 2025.

3 min read

View More Insights

Representative Transactions

Related Resources

TOOLS

FINRA BrokerCheck

Check the background of PNC Capital Markets LLC on FINRA's BrokerCheck.

Visit FINRA BrokerCheck

THOUGHT LEADERSHIP

Ideas, Insights & Solutions

Make informed decisions and maximize your business with perspectives on leading financial issues from PNC experts.

Visit PNC C&IB Insights

OVERVIEW

Treasury Management

Treasury management is key to growing revenues, controlling costs and helping you prepare your organization for the future. PNC is committed to developing solutions that are designed to meet your needs.

Learn More About Treasury Management
Rob Dailey

Rob Dailey

Executive Vice President and
Head of Public Finance

publicfinance@pnc.com

Ready to Get Started? Let's Talk.

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