Bank of Lancaster County customers will see different account fees, but not branch locations, after the bank converts to PNC.
The offices will close as BLC locations for the final time at 3 p.m. Friday, Aug. 8, opening as PNC locations on Monday, Aug. 11.
All 31 BLC offices here will continue to operate, but under the PNC banner, said PNC spokesman Fred Solomon.
"PNC acquired Bank of Lancaster County because of its reputation and the desirable location of its branches," noted Solomon.
All but one of the four PNC locations here will remain open as well.
The only PNC branch to close is the 1687 Oregon Pike location, to be shut because BLC has a branch two blocks away, he explained.
Among the changes to come for BLC savings customers are different minimums and fees, though Solomon described BLC and PNC accounts as "roughly comparable."
PNC will waive any service charges on the converted BLC customer accounts for the first three months, meaning its charges will go into effect Nov. 11.
BLC statement savings account customers now face a $9 quarterly charge if their balance slips below $100 on any day during a quarter.
Under PNC, they'll need to maintain a minimum average monthly balance of $400 to avoid a $4 monthly service charge.
Also, BLC statement savings account holders pay a deposit fee of 25 cents per item for each item over 150 items deposited during a statement cycle.
PNC has no such fee.
What about withdrawals from statement savings accounts?
BLC customers can make unlimited withdrawals from statement savings via a teller or ATM, as long as they have a minimum balance of $100.
PNC offers three free withdrawals per month from statement savings. Extras cost $3 each if the account balance is below $1,500.
However, PNC's statement savings minimum for free withdrawals does not apply to customers under age 18.
On money market accounts, BLC customers face a $6 monthly charge if the minimum balance falls below $2,000 on any day.
With PNC, they'll be required to have only a $1,000 monthly average balance or pay a $10 monthly service charge.
Both institutions offer several forms of free checking accounts.
PNC completed its $535 million purchase of BLC parent Sterling Financial Corp. in April.
In the wake of the acquisition, approximately 300 Sterling jobs were eliminated, as was previously reported.
Staff writer Tim Mekeel can be reached at tmekeel@LNPnews.com or 481-6030.
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