Pittsburgh Holdings LLC history

The bank became the First National Bank of Pittsburgh in 1863, the first in the city to do so.

Founded in 1876, Sauer Incorporated has grown from its roots as a well-respected, small plumbing company based in Pittsburgh, Pennsylvania into an ENR top 200 specialty contractor in the nation.

In 1922, the Provident Life and Trust Company split into two independent entities: Provident Mutual Life Insurance Company and Provident Trust Company.

In 1946, First National of Pittsburgh and Peoples-Pittsburgh banks joined to form Peoples First National Bank and Trust Co.

After opening an office in North Florida in 1970 to pursue industrial mechanical work, Sauer evolved into an industry-leading general contractor.

Pittsburgh National and Provident National were the first two banks to act on the new legislation, and came together in 1983 in what was at the time the largest bank merger in United States history.

In 1990, PNC made the strategic decision to move from separate technology platforms, operated by each individual bank, to a single common platform.

In 1995, PNC achieved its longtime goal of entering New Jersey by merging with Midlantic Corporation in a $3 billion transaction that instantly gave it a major presence in the southern New Jersey/Philadelphia market.

Due to heavy consolidation in the industry, PNC made a strategic decision to exit the consumer mortgage business in 2000, selling PNC Mortgage to Washington Mutual Home Loans, Inc.

In 2003, PNC acquired United National Bancorp.

In 2006, BlackRock Financial Management acquired Merrill Lynch's investment management business creating one of the top 10 investment management companies in the world with assets under management more than $1 trillion.

On June 7, 2007, PNC announced it signed a definitive agreement to acquire Hamilton, N.J.-based Yardville National Bancorp, a commercial and consumer bank with $3 billion in assets, $2 billion in deposits and 33 branches in central New Jersey and eastern Pennsylvania.