3 of Pittsburgh's biggest banks' value surged before failures rocked sector; here's why

·5 min read
3 of Pittsburgh's biggest banks' value surged before failures rocked sector; here's why

PNC Financial Services Group Inc., Pittsburgh’s largest bank, had a market cap of $61 billion on March 6, down 5.1%. Technically speaking, F.N.B., First Commonwealth and S&T are all community banks, meaning their total assets are under $50 billion.