Public Finance

Delivering credit, treasury management, capital markets and investment management services to clients in the public and nonprofit sectors

 

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Public Finance


Delivering treasury management, capital markets, credit, and investment management services to clients in the public and nonprofit sectors

Contact Us

 

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 $18.9 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 1,840 municipal bond issuances totaling $186.2 billion in municipal securities.[2] And we’re growing — in the past year, we’ve seen a growth of 15% in credit product capital commitments.[2] That ranks us among the largest and most active public finance firms in the nation.

TOP

Overall Satisfaction
(2020 Greenwich Excellence Awards for Middle Market Banking)

TOP 4

Treasury Management provider
in the country (EY, 2020)

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

Port Improvement Revenue Bonds and Credit Facility

 

 

$64,595,000


TRANSPORTATION

Florida

Direct Placement

 

 

$20,015,000


NONPROFIT

Missouri

VRDB Refunding

 

 

$11,000,000


HIGHER EDUCATION

North Carolina

Series 2017/2018 B Tax and Revenue Anticipation Note

 

 

$200,000,000


SCHOOL DISTRICT

Pennsylvania

General Obligation Bonds

 

 

$276,815,000


GOVERNMENT

Pennsylvania

Series 2017 Certificates of Participation

 

 

$43,000,000


SCHOOL DISTRICT

Ohio

Credit

 

 

$150,000,000


GOVERNMENT

Maryland

Interest Rate Swap Novation

 

 

$13,075,000


HIGHER EDUCATION

Kentucky

Bank Loan

 

 

$15,000,000


CHARTER SCHOOL

Texas

Contact PNC’s Public Finance Group


Rob Dailey


Executive Vice President and
Head of Public Finance

For More Information

To request more information for a specific financing need, provide the details below. All fields required.

Companies with annual revenue under $5 million should contact our Business Banking group.

Companies with annual revenue between $5 million and $50 million should contact our Commercial Banking group.