The PNC Financial Services Group Inc. has closed its previously announced acquisition of the origination and servicing business of BTM Capital Corp.'s auto leasing division, U.B. Vehicle Leasing Inc. As a result of this transaction, PNC will service approximately $1.3 billion of lease receivables previously serviced by BTM Capital. The acquisition agreement was announced June 1, 2000.
BTM Capital Corp. is a $1.2 billion subsidiary of The Bank of Tokyo-Mitsubishi, Ltd. and manages assets in excess of $3 billion. BTM Capital is headquartered in Boston, and has offices in San Francisco, London (New Boston Partners Limited), and Shannon, Ireland (Engine Lease Finance Corporation).
The PNC Financial Services Group Inc., headquartered in Pittsburgh, is a diversified financial services organizations, providing regional banking, corporate banking, real estate finance, asset-based lending, asset management, global fund services and mortgage banking.
BTM Capital Corp. is a $1.2 billion subsidiary of The Bank of Tokyo-Mitsubishi, Ltd. and manages assets in excess of $3 billion. BTM Capital is headquartered in Boston, and has offices in San Francisco, London (New Boston Partners Limited), and Shannon, Ireland (Engine Lease Finance Corporation).
The PNC Financial Services Group Inc., headquartered in Pittsburgh, is a diversified financial services organizations, providing regional banking, corporate banking, real estate finance, asset-based lending, asset management, global fund services and mortgage banking.
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