Mercantile switching to PNC?

[forever jewel]

I talked to my mom yesterday and she said PNC bought out Mercantile Banks. Anyone else heard this???

 

[bresamil]

That's what my letter from the bank said. :shrug:

 

[forever jewel]

Now that I think about it...she did say something about a letter from the bank...

 

[jazz lady]

http://www.app.com/apps/pbcs.dll/article?AID=/20061101/BUSINESS/611010369

PNC has increased its reliance on fees from consumer deposits and money management after 17 straight interest-rate increases by the Federal Reserve squeezed profit margins in its lending business. The bank is also using money from the BlackRock deal to buy Mercantile Bankshares Corp. for $6 billion and expand in the Washington, D.C., area.

 

[Calvert newbie]

time to find a new bank

 

[getbent]

i dont know much about pnc. are they "bad"? we are currently with mercantile and my mom-n-law has used them (mercantile) for over 10 yrs.

 

[forever jewel]

i dont know much about pnc. are they "bad"? we are currently with mercantile and my mom-n-law has used them (mercantile) for over 10 yrs.

Same here! I've been with Mercantile for about 12-13 years. Hoping this will be a change for the better.

 

[Chain729]

Same here! I've been with Mercantile for about 12-13 years. Hoping this will be a change for the better.

I've been with what was "1st National of St. Mary's" for over 15 and I haven't seen a big corporate deal like this (buyout, merger, etc.) that worked out in my favor.

 

[rack'm]

I'm getting ready to switch to Bank of America

 

[Oz]

I'm getting ready to switch to Bank of America

If you really want a LOCAL bank, try Community Bank of Tri County, County First or Maryland Bank and Trust are the only ones left in Southern Maryland.

Meanwhile, a friend in college in PA used PNC and loved them so I'm optimistic about the merger bringing better features to local customers without nickel and diming us to death along the way like they have been doing. $7.50/month for online bill paying? WTF? Major banks don't charge for that service.

1st National/Mercantile has been very slow to change and bring new services and features to retail individual customers.

 

[Gummie]

PNC advertises no ATM fees ever. They say they pay other banks fees. That can't hurt.

 

[getbent]

Well, I dont use the online bill pay. I just go to the website of the biller and pay there. As long as my checking continues to be free then I'm good I guess. We really dont utilize any other services within the bank except saving acct for our girls