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Public Finance
Delivering credit, treasury management, capital markets and investment management services to clients in the public and nonprofit sectors
Benefit from Nationwide, Client-Centered Support
Why are we different?
We present our clients with solutions that reflect best practices based on knowledge of other clients and industry developments and a deep understanding of their different industry sector. Our approach is organized around client needs, not products — which helps us deliver more efficient service, seamless transaction execution and opportunities for our clients to lower borrowing costs.
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 public sector entities of all types and sizes, from state and local governments, school districts and transportation authorities to institutions of higher education and nonprofit organizations.
Work with a Financial Leader
PNC combines the size, scale and capabilities of a large national commercial and investment bank with the values and community focus of a Main Street bank.
PNC has committed more than $17.1 billion[1] to governments, nonprofits and higher education institutions through balance sheet tools including loans, direct placements, 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 best-in-class delivery model based on the organization of credit products and risk teams around specific client sectors.
Over the past five years, we have raised capital and provided bond underwriting and investment banking services for more than 1,900 municipal bond issuances totaling more than $174 billion in municipal securities.[1] And we’re growing — in the past year, we’ve seen a growth of 10% in credit product capital commitments.[2] That ranks us among the largest and most active public finance firms in the nation.
#1
PNC's Treasury Management group is the top Treasury Management
provider in the country (Phoenix Hecht, 2018)
TOP
Overall Satisfaction
(2019 Greenwich Excellence Awards for Middle Market Banking)
Access High-Quality Funding
We offer a wide variety of municipal debt-based structures and products:
- Tax-exempt and taxable fixed rate bonds
- Variable rate and multi-modal bonds
- Industrial development bonds
- Certificates of participation
- Derivative structures (caps, floors, collars, swaps, swaptions and forwards)
- Sale/leaseback bonds, off balance sheet financing
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
As you focus on innovation, technology and preparing students for the future, PNC Bank N.A. is by your side, delivering comprehensive solutions that can help you gain efficiency and effectiveness. We support Lean Finance solutions through publications that include “Roadmap to a Lean University” and “Cashless and Paperless Campus” and other resources specific to treasury management.
The PNC Difference
PNC takes a holistic approach to working with colleges and universities and is committed to serving their financial needs through our focused higher education sector. Our expertise allows us to consistently deliver proven, sophisticated banking solutions that turn almost any challenge into an opportunity.
Leadership in Higher Education
PNC combines expertise, analytics and a focus on the future to assist you in navigating both potential risks and emerging opportunities. With a relationship-based approach and a single point of contact, we get to know your college or university at a deeper level to deliver meaningful insights that can help you meet your strategic objectives.
Ideas & Insights
Read about recent transactions and the latest industry trends from PNC’s Public Finance group.
Raise Capital
PNC Successfully Markets $76.5 Million Note as COVID-19 Strikes
The benefits of a long-term relationship supported a client in trying times.
2 min read
Raise Capital
Great Grades Key to Riverwalk’s Success
PNC assisted a fast-growing charter school client with its bond issuance.
2 min read
Raise Capital
PNC Delivers Alternative Solutions for The Haverford School
Educational Opportunities from the Ground Up
1 min read
Representative Transactions
Contact PNC'S Public Finance Group
For more information about PNC’s Public Finance group, contact:
Rob Dailey
Executive Vice President and Head of Public Financerobert.dailey@pnc.com | 215-585-7357
Important Legal Disclosures & Information
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As of December 31, 2019
-
2018-2019 Year-Over-Year PNC Bank, N.A. credit commitments, as of December 31, 2019
Institutional use only.
Allocation of Callable Securities Your account may contain “callable” securities, which allow the issuer to repurchase or redeem the securities by a specified date. In the event of a partial redemption or call of securities by the issuer, PNC Capital Markets LLC will allocate among its customers, the securities being selected as called, on a fair and impartial basis through a randomized lottery system. If your account contains callable securities subject to a partial redemption or call, the probability of your securities being selected as called is proportional to the holdings of all customers of such securities held in bulk by PNC Capital Markets LLC. Notwithstanding the foregoing statements, PNC Capital Markets LLC will further ensure equitable allocation of the callable securities by excluding itself as well as its interested persons from the lottery system when the redemption is made on terms that are favorable to PNC Capital Markets LLC; and including itself as well as its interested persons in the lottery system when the redemption is made on terms that are unfavorable to PNC Capital Markets LLC.
Read a summary of privacy rights for California residents which outlines the types of information we collect, and how and why we use that information.
