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Why is PNC divesting 61 National City branches after the acquisition closes?

April 26, 2017acquisition branches city divesting National PNC

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Why is PNC divesting 61 National City branches after the acquisition closes?

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The Department of Justice typically requires such divestitures to meet guidelines that limit the concentration of market share in any one bank. The Department of Justice is requiring that 50 of these branches, all located within the nine-county Pittsburgh metropolitan area, be sold to a single buyer.