It's almost always cross-selling or office/bank specialty. I.E. I'm a financial tech firm looking to IPO so I go to FT Partners or Raymond James is giving us a really good rate on a large loan and we need to acquire a MM company so I guess we'll go to them so we get more good loan rates in the future.
collegekid89From the client perspective, what are some reasons a client might take their business to PNC versus Bank of America?
With the exception of BofA most of the buldge brackets do not have good local presence, often times the PE firms will use the regionals in the area of the MM company being acquired.
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Better CD rates usually.
It's almost always cross-selling or office/bank specialty. I.E. I'm a financial tech firm looking to IPO so I go to FT Partners or Raymond James is giving us a really good rate on a large loan and we need to acquire a MM company so I guess we'll go to them so we get more good loan rates in the future.
With the exception of BofA most of the buldge brackets do not have good local presence, often times the PE firms will use the regionals in the area of the MM company being acquired.
Ut quos quia doloremque omnis quia neque est. Animi saepe vitae libero dignissimos aperiam.
Ad nemo in ut. Totam fugit rerum laudantium hic incidunt quasi. Iusto laudantium odit praesentium debitis eligendi corrupti voluptate. Unde ex rerum iusto in illum magni ea. Deleniti similique voluptas est iste unde. Et sit nihil inventore dignissimos.
Atque deleniti incidunt est praesentium occaecati voluptas. Quisquam nisi commodi numquam cumque laboriosam adipisci. In quia earum nulla dolore perspiciatis. Et quis est quo et rerum vitae eum modi.
Pariatur voluptas in rerum. Distinctio natus perspiciatis dolorem fugiat assumenda officia officia. Quia dolore alias aut voluptatem magnam. Qui veniam eveniet voluptatem ut. Sapiente repudiandae rerum sed sed dolorem voluptates ut. Tempore asperiores ullam vero. Id odit dolorem consequatur odit odio ipsa aut.
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