PNC Bank, which acquired Raleigh-based RBC Bank in March, will have to compete with other financial institutions for the business of individuals and corporations in these parts, but in the world of good corporate citizenship, it’s off to a flying start.

The PNC Foundation announced this week a grant of $1 million to be split evenly between Raleigh and Rocky Mount (once the home of Centura, predecessor to RBC) to support arts programs for kids, and other good community efforts. Various organizations will receive a share of the money, but the ideas already being discussed are promising.

In Raleigh, for example, funding will pay for an arts initiative for disadvantaged pre-kindergarten kids in 22 classrooms in Wake County public schools. In Rocky Mount, money will go for job training at nearby community colleges for PNC workers who suffered layoffs after the RBC purchase. And a park and a playground will get some needed work.

The bank indicates more contributions are coming. Welcome to town, folks.