June 25, 2019

PNC signs 5-year sponsorship deal for Power & Light District plaza

PNC Bank signed a five-year deal to sponsor a community plaza in the heart of the Kansas City Power & Light District.

The PNC Plaza in Kansas City is just south of the H&R Block Inc. headquarters building. It features trees and lush landscaping around a pair of fountains, offering a variety of seating for guests to relax or dine al fresco from nearby restaurants such as The Mixx, ProteinHouse, Insomnia Cookies, Chipotle, Drunken Fish Sushi Restaurant & Lounge and Whopper Bar.

“We believe very strongly in the correlation between access to entertainment and better communities,” PNC President Dale Klose said in an email statement. “Bringing this space to the Power & Light District will allow our neighborhoods and visitors to come together, relax and enjoy our beautiful city.”

Pittsburgh-based PNC Bank (NYSE: PNC) has about 52,000 employees in 2,459 branches in 19 states. The bank has been in the Kansas City area for about 25 years through subsidiary Midland Loan Services Inc. in Overland Park, which employs more than 600 people and manages about $500 billion in loans nationwide.

The company started ramping up its commercial bank offerings in Kansas City in January 2017, hiring Klose as regional president and tasking him with building out a corporate banking business. In 2018, the bank started developing its retail banking services in the market as well. PNC has two locations in the metro area: 10851 Mastin St. in Overland Park and 1837 Grand Blvd. in the Crossroads Arts District.

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