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PNC - the big bank, bad for small business

  • tebeau
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10 years 2 weeks ago #16 by tebeau
We have not changed banks for 8 years. However, our bank has changed 2 times. The last buyout was by PNC. We are good customers that pay our bills and managed to survive during an awful economic climate for everyone, especially the machine tool manufacturing business that we are in. Finally things are looking up and we are selling machines again. But wait! PNC bought our bank... and they want to put us out of business, by calling every loan we have with them at once! even though we have never been more than 10 days late on any loan we have with them. What's more, they couldn't care less. They will probably force us into bankrupsy and we'll have to layoff all 12 employees. These are people with children and mortgages.
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