PNC Bank and Miami University Enter Into Agreement To Provide Banking Services To Students and Employees

Agreement establishes PNC as school’s official provider of student refunds

March 30, 2012 // Franchising.com // OXFORD, Ohio - PNC Bank, N.A., and Miami University announced today a new banking relationship that enhances Miami’s ongoing efforts to create efficient and cost-effective methods of operations and provide new banking services for students, faculty and staff.

The agreement includes the creation of a new electronic system to provide refund options for Miami students. The seamless and secure electronic system makes transactions easier and faster for students, and significantly lowers the school’s transaction costs. Miami had requested proposals for comprehensive banking and financial consulting services in Fall 2011.

“We are placing an emphasis on continuous improvement, as we develop our relationship with a banking institution that can help us determine, implement and promote more efficient practices. We also want to ensure that our students and employees have access to banking services at little or no cost at a time when many banks are proposing higher fees,” said David Creamer, vice president for finance and business services at Miami.

As part of the agreement, PNC will offer workshops on personal financial management at the school’s three Ohio campuses. Topics covered will include basic banking, credit management, savings and investing, identity protection and home buying.

Additional features of the agreement will include:

  • Personal banking products and services including Virtual Wallet® Student, an online banking solution specially designed to help college students help themselves with money management, along with mobile and text banking options.
  • Full service on-campus branch located in the Shriver Center. Renovations will begin soon with completion expected this summer.
  • A total of seven on-campus cash-dispensing ATMs, to be located in the Shriver Center (2), Harris Dining Hall, Martin Dining Hall and Goggin Ice Arena; as well as one each on the Hamilton and Middletown Campuses.
  • Customized website at www.pnc.com/miamioh hosted by PNC, where students and employees will be able to complete account applications and find financial educational information.

"PNC will bring greater service, innovative banking technology and convenience to Miami University students, alumni, faculty and staff with our university banking program," said Kay Geiger, regional president for PNC Bank in Greater Cincinnati and Northern Kentucky. "We provide financial education and money management tools to help students form sound financial habits through their college years and into their adult lives."

PNC maintains a presence in Southwest Ohio through ongoing support of the area’s leading cultural institutions and economic development. The bank offers advice and financial solutions to the entire region through its retail banking team at more than 100 local branches. PNC also has university banking relationships in Ohio with Bowling Green University, Case Western Reserve University, Muskingum University, Notre Dame College and the University of Cincinnati.

Miami University (www.muohio.edu), a nationally ranked public university, offers a liberal arts education, research opportunities, co-curricular activities and support that have ensured student success for 200 years. It is ranked as third in the nation for its commitment to teaching, and ninth in the nation for return on (tuition) investment, according to a survey.  Miami is one of only five recipients out of 641 eligible schools in the nation to receive the Presidential Award in the 2012 President's Higher Education Community Service Honor Roll. Miami's honor recognizes service programs in the area of early childhood education.

Located in southwest Ohio, Miami’s main campus in Oxford, established in 1809, supports 14,800 undergraduate students and 2,250 graduate students. Other locations include: Regional campuses in Hamilton and Middletown, serving more than 6,000 students; the Voice of America Learning Center in West Chester, Ohio; Greentree Health Sciences Academy in Middletown and the Miami University John E. Dolibois European Center in Luxembourg. Students can select from more than 100 programs of study at the undergraduate level, 50 graduate programs and 10 doctoral programs.

PNC Bank, National Association, is a member of The PNC Financial Services Group, Inc. (NYSE: PNC). PNC (www.pnc.com) is one of the nation’s 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. Follow @PNCNews on Twitter for breaking news, updates and announcements from PNC.

CONTACTS:

PNC
Terri Wilson
(502) 581-4073
terri.wilson@pnc.com

Miami University
Carole Johnson
(513)529-7592
carole.johnson@muohio.edu

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