The PNC Financial Services
Date:
December 31, 2008
Maximum Amount:
$7.58 billion
Deficit Impact:
-$0.32 billion This institution received funds from the Treasury Department under the Capital Purchase Program in order to promote lending and market liquidity. The institution gives the Treasury Department warrants and dividend payments, while the Treasury buys preferred stock shares from the bank.
On 2/10/2010 PNC repurchased the full $7.58 billion of its assets held by TARP.
Source:
Notes:
Maximum amount based on official Treasury statements. Amount spent indicates loans and purchases minus loan repayments (but not dividends), as of 12/8/2010 (http://www.financialstability.gov/latest/index.html). Deficit impact is net proceeds (excluding dividends) from PNC.