Public Finance

Serving Clients in the Public and Nonprofit Sectors

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.

Our approach is what makes us unique

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.

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

The PNC Public Finance Group combines in-depth knowledge of local market with the resources of one of the country's largest banks reflecting both regional conditions and broader economic trends. We care about our clients' success and the success of the communities they serve.

PNC Bank, National Association has committed over $21 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 2024, PNCCM provided bond underwriting and investment banking services for 257 municipal bond issuances with principal totaling over $34.6 billion. PNCCM served as lead or sole manager on 107 municipal securities transactions with a par amount in excess of $4.0 billion. As of June 1, 2025, PNCCM also maintains a remarketing book consisting of 107 variable rate issues, with an aggregate principal amount of approximately $3.9 billion. 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.

Access a Variety of Funding Mechanisms

PNC Capital Markets LLC offers a full suite of municipal debt-based products and services:

  • Tax-Exempt / Taxable Fixed-Rates Bonds
  • Variable Rate / Multi-modal Bonds
  • Refinancing / New Money Comprehensive Plans of Finance

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

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

Gain Market Insight

PNC Public Finance Outlook: Navigating Market Disruption and Volatility

In this mid-year outlook, PNC Public Finance discusses the volatility affecting the public and non-profit sectors and what may lie ahead in 2025.

2 min read

Gain Market Insight

PNC Manufacturing Outlook: Some Growth Potential Ahead, Despite Uncertainty

In this mid-year outlook, PNC Equipment Finance examines how ongoing economic uncertainty is impacting businesses in the manufacturing industry.

2 min read

Gain Market Insight

PNC Outlook: Healthcare Industry Contends with Federal Headwinds

In this mid-year outlook, PNC Healthcare examines how the outcomes from federal policy decisions are likely to shape the healthcare landscape.

6 min read

Representative Transactions

Related Resources

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TOOLS

FINRA BrokerCheck

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

THOUGHT LEADERSHIP

Ideas, Insights & Solutions

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

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.

Samantha Funk

Samantha Funk

Executive Vice President and
Head of Public Finance

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