PNC Financial to Hire 400 in Illinois

PNC Financial Services Group plans to add 400 jobs to its residential mortgage banking center in Downers Grove, Illinois.

The firm will get $6.2 million in incentives, including tax incentives from the Economic Development for a Growing Economy program. PNC will spend $14.6 million on the operation.

Founded in 1852, Pittsburgh’s PNC Financial Services is a financial services corporation, with assets of $291 billion in 2008. PNC operations include a regional banking franchise operating in eight states and the District of Columbia, specialized financial businesses serving companies and government entities, and leading asset management and processing businesses. PNC is America’s 5th largest bank by deposits, and is the third largest bank off-premise ATM provider in the country.