Shares of PNC Financial Inc. and Ohio Bancorp fell last week after Phar-Mor Inc., a major corporate customer of both banks, filed for bankruptcy.

Analysts said other factors, in particular a possible bid for the Boston Co., were also responsible for the slippage at PNC, which declined about 4% in value during the week.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.