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.
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
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
Port Improvement Revenue
Bonds and Credit Facility
Florida
Direct Placement
Missouri
VRDB Refunding
North Carolina
Series 2017/2018 B Tax and
Revenue Anticipation Note
Pennsylvania
General Obligation Bonds
Pennsylvania
Series 2017 Certificates of
Participation
Ohio
Credit
Maryland
Interest Rate Swap Novation
Kentucky
Bank Loan
Texas
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