It has been almost 2 years to the date when a $391 million dollar judgment was entered against PNC Bank, as the successor to Allegiant Bank.   Allegiant Bank was one of the last trustees to administer National Prearranged Services’ preneed trusts in Missouri.  PNC Bank appealed that judgment, and a decision is expected any day from the Federal Court of Appeals.  Anticipating that PNC Bank will lose its appeal, a bill has been filed in the Missouri Legislature that would establish a super trust for the administration of the damages to be paid by PNC Bank.

Click the following hyperlink to access HB 1062.