These 4 Banks Rule Pennsylvania

Home to industry, agriculture, energy, and finance, Pennsylvania is both the nation's sixth largest economy and its sixth most populous state.

Using data from the FDIC, Motley Fool contributor Jay Jenkins provides some perspective on the state's banking leaders -- from megabanks like Wells Fargo (NYSE: WFC  )  to international subsidiaries like the Royal Bank of Scotland's (NYSE: RBS  ) Citizens Bank of Pennsylvania, to U.S. regionals like TD Bank (NYSE: TD  ) and homegrown hero PNC Financial Services Group (NYSE: PNC  ) .

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  • Report this Comment On October 13, 2013, at 12:04 PM, DrGoldin wrote:

    Of the banks you mention, PNC is really the only one that gives you meaningful exposure to Pennsylvania. Huge conglomerates like Wells Fargo and RBS don't make much sense for this purpose. RBS may be a reasonable investment for other reasons, but it probably gives you less exposure to Pennsylvania than something unexpected like Ahold, the Dutch retailer that own Giant Food Stores LLC, which is the second-largest for-profit employer in PA (after Walmart).

    Maybe a better way to focus on Pennsylvania would be via REIT's. For example, PEI, LRY, and BDN all have substantial properties in the state.

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