PNC Bank, N.A., a member of The PNC Financial Services Group Inc. (NYSE: PNC) will start providing banking services to Kent State University students and employees in Kent, Ohio, on July 1, 2015. Under this new agreement, PNC will provide student and workplace banking, as well as financial literacy programs for the university’s more than 48,000 students, faculty and staff members for 12 years.
The university requires a banking service provider to support its daily business operations to treasury management, credit card merchant services and retail-university banking. PNC Bank was selected by the university as the provider of banking services whose proposal represented the best overall value.
Highlights of the agreement include:
- A Kent Campus branch staffed by two bank specialists to assist customers with completing transactions and equipped with technology to inform and to educate customers on PNC products and services.
- Eleven ATMs throughout most of Kent State’s eight-campus system. There will be six ATMs on the Kent Campus and one ATM on each Regional Campus except on the Ashtabula Campus (there are no PNC banks in that area, so the Ashtabula Campus will select a different banking partner to meet the needs of their community) and the East Liverpool Campus (the PNC branch is within a block of campus). Two of the ATMs will be DepositEasySM, which allows students, faculty and staff to withdraw cash, including $1 bills, cash checks, and deposit checks or cash directly into their account.
- Virtual Wallet® Student accounts for Kent State students. The account is equipped with technology to help students monitor spending and view account balances. It also is equipped to help safeguard customers from financial mistakes and unnecessary fees.
- A co-branded website, hosted by PNC, where students can complete account applications, manage their finances and find financial and educational information.
- On-site workshops on personal financial management and financial literacy. Topics include basic banking, credit management, savings and investing, identity protection and home buying.
“I am pleased with the services and the opportunities for additional learning offered to our students by PNC,” said Gregg Floyd, Kent State’s senior vice president for finance and administration. “They have demonstrated the interest in making this a successful partnership with mutual benefit.”
“Financial education is crucial to a student’s success,” said Kevin Thompson, PNC’s regional president for Akron, Canton and Wooster. “This relationship will allow students to make smart and responsible banking decisions, with the tools and guidance that only PNC can provide.”
PNC has relationships with more than 400 schools across 19 states and the District of Columbia.
About PNC
The PNC Financial Services Group Inc. (www.pnc.com) is one of the United States’ largest diversified financial services organizations, providing retail and business banking; residential mortgage banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management; and asset management.
About Kent State University
Kent State University is Northeast Ohio’s leading public research university with more than 41,000 students. The university’s eight-campus system is among the largest regional systems in the country. Today, Kent State has become an engine for economic, cultural and workforce development – locally and internationally – as one of the premier Ohio universities. The university is ranked among the nation’s top 74 public high-research universities and among the top 76 in community engagement by the Carnegie Foundation for the Advancement of Teaching. For more information about Kent State, visit www.kent.edu.
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NOTE: To contact PNC's Kent State branch in the Kent Student Center, call 330-673-9124. For more information, visit its website at www.pnc.com/en/personal-banking/banking/student-banking/kent-state.html.
Media Contacts (for members of the media):
Emily Vincent, Kent State University, evincen2@kent.edu, 330-672-8595
Kelly Amen, PNC, Kelly.Amen@pnc.com, 216-222-9514