Virginia’s Blue Crab Bay Obtains PNC Bank Loan For Business Development

PITTSBURGH, Oct. 16, 2013 – PNC Bank, N.A., a member of The PNC Financial Services Group, Inc. (NYSE: PNC), today announces the closing of a nearly $865,000 combined term and credit loan to Melfa, Virginia-based Blue Crab Bay Co./Bay Beyond Inc. to foster business development and growth.

Bay Beyond Inc., founded by entrepreneur Pam Barefoot, is a wholesale distributor and parent company of Blue Crab Bay, selling to major national retailers as well as many specialty food and gift shops. Barefoot’s businesses manufacture and sell a broad array of coastal-inspired and award-winning products including seafood snacks and specialties, beverage mixers, gifts and soaps.

“PNC is committed to supporting women-owned businesses, and we look forward to seeing what’s next for Bay Beyond and continuing our longstanding 25-year relationship,” said Keith Lilliston, PNC’s business banker for the Peninsula region.

Barefoot, who is president of Blue Crab Bay Co./Bay Beyond Inc., also won the grand prize of a recent PNC sweepstakes to attend the 2013 Committee of 200 (C200) Annual Conference in New York City October 24-27. The C200 is a membership organization of the world’s most successful female entrepreneurs and corporate leaders, also awarding scholarships to the next generation of female business leaders.

The PNC Financial Services Group, Inc. ( is one of the nation’s largest diversified financial services organizations, providing retail and business banking; residential mortgage banking; specialized services for corporations and government entities, including corporate banking, real estate banking and asset-based lending; wealth management and asset management.

SOURCE: The PNC Financial Services Group, Inc.