Business

Local transition done for PNC, National City

PNC announced Monday that it has successfully transferred customers of National City in three states, including Kentucky, as part of its purchase of the regional bank.

Locally the changeover came Feb. 19, when five locations of the two banks closed as the companies consolidated. Three of those were PNC branches — at 2515 Harrodsburg Road, 3090 Richmond Road and 4090 Tates Creek Centre Drive. The two National City branches were at 123 Cheapside and 2352 Sir Barton Way. All customer account records were transferred automatically to another location.

The transition was the second of four scheduled phases nationally. The first took place in November 2009 and involved customers in three states. The later phases will come in April and June and involve 3.1 million customers.

Pittsburgh-based PNC acquired National City in late 2008 for $5.6 billion using money it obtained through the government's $700 billion bailout program.

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