Pnc financial services has returned to its traditional banking roots. its flagship pnc bank subsidiary operates about 2,500 branches in more than a dozen states in the mid-atlantic, the midwest, and florida. in addition to retail and corporate banking, the company offers insurance, investments, personal and institutional asset management, and capital markets products and services. it owns boutique investment bank harris williams and about a quarter of money management giant blackrock. pnc purchased rbc bank (usa) from royal bank of canada. the nearly $3.5 billion acquisition, which will extend pnc's retail banking franchise in the southeast, will also cement its place among the five largest banks in the us.