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PNC Bank Canada Branch
What Sets PNC Canada Apart?
PNC Bank Canada Branch (PNC Canada) delivers a seamless, consistent cross-border solution through a single Relationship Manager to support all of your company’s financial activity in both countries.
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Why Do Business in Canada?
A number of factors make acquisitions, investments and expansion appealing in Canada. An excellent transportation network connects well with the United States. Taxes are favorable. The legal system is similar. There are provincial incentives for investment and a well-educated and skilled labour force. No wonder Canada is the largest U.S. trading partner, with more than $1 trillion in annual trade and investment.[1]
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Benefitting from Payments Modernization
Discover the opportunities that can help improve your
Canadian operations
PNC Canada Financial Services for Your Corporation
Manage Cross-Border Cash Flow Seamlessly
With a common platform for both sides of the border, PNC’s Treasury Management services can be tailored to help you seamlessly manage cross-border receivables and payables. Your PNC Relationship Manager serves as a single point of contact to streamline and coordinate your cash flow requirements. Learn more »
Acquire, Develop, Operate or Invest in Commercial Real Estate
We offer one of the industry's most comprehensive arrays of banking and financing solutions to major commercial real estate owners, operators, developers and investors.
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Need Capital that Goes Beyond?
Realizing your vision requires capital that goes beyond the numbers, beyond borders and beyond traditional asset-based lending. Mid-size companies and private equity firms count on our consistency and track record of performance. PNC Business Credit provides asset based lending and second lien and financing including cross-border and in-country originations for Canadian and U.S. companies. Learn more »
Acquire the Assets You Need to Thrive
PNC Equipment Finance helps large corporations, middle market companies, small businesses, municipal governments and many types of institutional entities throughout the United States and Canada, acquire assets from rail cars to software. We also help manufacturers, distributors and vendors of capital equipment grow by providing their customers with fast and efficient financing options.
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Ready to Take to the Skies?
Many businesses find that private aircraft ownership is a necessity, not a luxury. Our suite of flexible financing solutions is uniquely designed to meet the needs of sophisticated corporate aircraft owners from high net-worth individuals to Fortune 500 companies throughout the United States and Canada. Connect with an experienced PNC Aviation Finance representative. Learn more »
Seize Opportunities with Coordinated Financing
Are you considering a major acquisition? Purchasing capital equipment for expansion? Need financing for operating expenses? Your PNC Relationship Manager can help you take advantage of new opportunities with revolving lines of credit, term loans and letters of credit* in both the United States and Canada. Have larger capital needs? Your single point of contact can also provide access to flexible syndications and club deals.
$718+ Billion
U.S. goods and services trade with Canada totaled an estimated $718.4 billion in 2019.
Exports were $360.4 billion; imports were $358.0 billion.
Joseph Migliacci
Vice President, International Treasury Advisory (Canada)
joseph.migliacci@pnc.com | 
Caroline Stade
Senior Vice President, Corporate Banking— PNC Bank Canada Branch
Caroline Stade is a financial professional with more than 25 years’ experience in the industry, and presently Senior Vice President, Corporate Banking, for PNC Bank Canada Branch in Toronto.
In her current role Ms. Stade represents all of PNC’s Canadian Corporate Banking capabilities to both Canadian domestic corporations and those Canadian firms owned by PNC’s US footprint clients. Her particular focus is on debt structuring and sales for large and mid-market companies and on assisting companies entering Canada for the first time.
Prior to joining PNC, Ms. Stade held VP, Account Management and Sales positions at Credit Lyonnais Canada and CIBC. Ms. Stade holds an MBA from the University of Toronto, an undergraduate degree from McMaster in accounting and statistics, and has completed the Canadian Securities Course.
David T. Olsen
Regional President & Principal Officer — PNC Bank Canada Branch
David Olsen is a financial services executive with more than 20 years in the industry, and is the Regional President and Principal Officer for PNC Bank Canada Branch in Toronto, Ontario.
Working across a broad spectrum of financial services in the United States and Canada, Mr. Olsen has developed expertise in corporate banking, treasury management, business and retail banking, and risk management.
Prior to his current role, Mr. Olsen held a number of leadership positions, including Chief Operating Officer, Regional Sales Director, and Division Manager.
Mr. Olsen serves on the Payments Committee of The Canadian Bankers Association. He is the Chairman of the Board of Directors for the Greater Toronto Area Chapter of The American Chamber of Commerce and the Founding Chairman of Select USA in Toronto.
Mr. Olsen holds a Bachelor of Science Degree from Miami University, Oxford, Ohio, and a Master’s Degree in Business Administration from Case Western Reserve University, Cleveland, Ohio.
Joseph Migliacci
Vice President for PNC's International Advisory Team — PNC Bank Canada Branch
Joseph Migliacci is a Vice President for PNC's International Advisory Team within the PNC Canada Branch located in Toronto.
In his role, Joseph is responsible for the Canadian oversight of the firms in market development covering Canadian headquartered companies as well as those North American companies conducting business in market, additionally he acts as the main liaison with Payments Canada and Canadian Bankers Association. Additionally, Joseph is a leading member of PNC’s Commercial Card team ensuring the firm’s competitive offering for North American clients.
Joseph has over 10 years’ experience in Treasury Product and Relationship Management at leading North American banks.
Eric Brock
Chief Operating Officer — PNC Bank Canada Branch
Eric Brock currently serves as Chief Operating Officer for PNC Bank Canada Branch in Toronto, Ontario, and has more than 20 years of financial services experience in sales, business management, and regulatory compliance across retail banking, commercial banking, and investment banking.
Prior to joining PNC Bank, Brock held senior roles in anti-money laundering and sanction compliance, operations, regional program management, and investment banking relationship management for Canadian and international banks in Canada and in Latin America.
He holds a master’s degree in business administration from the Schulich School of Business at York University, Toronto, and a bachelor of arts with honors degree from the University of Toronto. He is currently completing a master’s degree at the University of Toronto Law School in the law program.
Steve Adatia
SVP Equipment Finance, Canada Branch
With over 20 years of finance experience within Capital Markets, Credit & Risk Management, Direct Sales, Operations and Program Management, Steve was recently appointed as Head of PNC Bank’s Canadian Equipment Finance team.
Prior to his current role, Steve was the Chief Operating Officer of PNC Bank Canada Branch. Before joining PNC, Steve focused on the Canadian corporate market segment through various senior roles at Royal Bank of Canada, ABN Amro, Siemens Financial Services, TD Bank & GE Capital. Steve began his finance career as Investment Banking Analyst with Morgan Stanley.
Steve holds degrees from the University of Toronto and currently resides in Toronto.
David D’Cruz
VP & Business Development Officer, Canada Branch
David D’Cruz is Vice President and Business Development Officer for PNC Business Credit. Based in Toronto, he is responsible for originating asset-based and cash flow loans across Canada with middle-market companies and private equity firms.
D’Cruz joined PNC in 2018 and has over five years of progressive experience in both structuring and financial analysis of mid-cap and large-cap companies, most recently with the asset based lending group of RBC Capital Markets.
D’Cruz received his Bachelor of Commerce degree from the University of Toronto and holds an MBA from Dalhousie University.
Canada Branch Calendar
Understand impacts to service based on U.S. and Canadian Holidays. Download the 2021 Bank Processing Calendar »
Additional Resources
Doing Business in Canada? Let's Talk About Today's Issues
While there are many similarities between Canadian and U.S. banking, there are also many differences that could impact the way you do business.
The Support You Need to Succeed in Canada
Expanding your business takes both strategic perspective and tactical execution. At PNC Canada, we can help you work through the challenges of doing business across the border and capitalize on opportunities.
PNC Solutions and Services Help Canadian Packaging Company Succeed
Wanting a banking relationship that could help them grow, Stanpac connected with PNC Bank Canada Branch and has never looked back.
U.S. Business Confidence in Canada
The AmCham Canada-Nanos Research U.S. Investment in Canada Index, presented by PNC Bank, provides a semi-annual measure of the confidence of U.S. owned businesses operating in Canada.
If you have questions or would like additional information, please fill out this short form so we can get in touch with you. By completing this form, you are authorizing us to contact you (via email and/or phone) to answer your questions and provide information about PNC Bank Canada Branch.
PNC Bank Canada Branch targets companies with over $25 million in annual revenue and cross-border banking needs.
Important Legal Disclosures and Information
1. Office of the United States Trade Representative - https://ustr.gov/countries-regions/americas/canada
PNC is a registered mark of The PNC Financial Services Group, Inc. ("PNC").
In Canada, PNC Bank Canada Branch, the Canadian branch of PNC Bank, provides bank deposit, treasury management, lending (including asset-based lending) and leasing products and services. Deposits with PNC Bank Canada Branch are not insured by The Canada Deposit Insurance Corporation or by the United States Federal Deposit Insurance Corporation.
Lending and leasing products and services, as well as certain other banking products and services, require credit approval.
PNC Bank Canada Branch does not provide legal, tax or accounting advice.
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.
