Acquisition History / PNC Financial Services / Riggs Bank

PNC Financial Services Acquires Riggs Bank

Announced January 2005 — $780M

PNC Financial Services2005

What happened

Riggs Bank was a company, acquired by PNC Financial Services for $0.78 billion.

Acquirer
PNC Financial Services
Target
Riggs Bank
Announced
January 2005
Price
$780M
Buyer type
Strategic acquirer
Status
Closed

By the numbers

PNC Financial Services's acquisition history
1st of 5 tracked deals
Disclosed prices
5 of 5 PNC Financial Services deals
PNC Financial Services's average disclosed price
$5.00B
PNC Financial Services's largest disclosed deal
BBVA USA ($11.60B)
Tracked acquisitions in 2005
106 across all acquirers

Frequently Asked Questions About This Acquisition

When did PNC Financial Services acquire Riggs Bank?

PNC Financial Services acquired Riggs Bank on January 2005. This was PNC Financial Services's 1st publicly tracked acquisition out of 5 we have on record.

How much did PNC Financial Services pay for Riggs Bank?

PNC Financial Services paid $780M for Riggs Bank.

What does Riggs Bank do?

Riggs Bank was a company, acquired by PNC Financial Services for $0.78 billion.

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