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PNC FINANCIAL SERVICES GROUP, INC.

(PNC)
  Report
Real-time Estimate Cboe BZX  -  09:32 2022-10-06 am EDT
158.03 USD   -0.75%
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PNC Financial Services : Bank Further Expands Its Main Street Model With Appointment of Northern California Regional President

08/09/2022 | 12:09pm EDT

SAN FRANCISCO, Aug. 9, 2022 - PNC Bank today announced the appointment of financial services veteran and Silicon Valley native Megan Schoettmer as regional president for Northern California. The appointment marks PNC's continued expansion in the Golden State, including earlier announced regional presidents in Greater Los Angeles, Orange County/Inland Empire and San Diego.

As PNC's first regional president in Northern California, Schoettmer is responsible for deploying the bank's Main Street model, leveraging PNC's market-leading products and services, and leading PNC's efforts in the local communities.

"Megan's appointment in Northern California reflects our continued commitment to our Main Street Model, through which we equip our leaders to make decisions based on the unique needs of our clients and the communities in which we live and work," said PNC Office of the Regional Presidents Territory Executive for the West Laura MacNeil. "We are confident that Megan's extensive experience in financial services and unwavering commitment to community involvement will help meet the needs of our clients and fuel our growth in Northern California."

Schoettmer will have direct oversight for business development, building and maintaining client relationships and leading philanthropic initiatives in support of communities in Northern California. Schoettmer's role builds on PNC's existing presence in Northern California, including corporate banking, commercial banking, retail, business credit, commercial real estate, mortgage, and organizational financial wellness with institutional asset management and private banking coming soon.

Schoettmer brings nearly two decades of experience to PNC Bank. She previously served as commercial banking leader, a role in which she led the middle market banking team at a nationally branded bank focusing on various industries including technology, commercial and industrial, and commercial real estate in Silicon Valley and the greater San Francisco area. She also worked for two Silicon Valley-founded banks. She earned her Bachelor of Science in business administration from California Polytechnic State University, San Luis Obispo and her Master of Business Administration from Santa Clara University.

As a native, Schoettmer prioritizes community involvement and is an active participant in the region. She currently serves as a mentor to student athletes at her alma mater, Santa Clara University, through the Bronco Network. She was also part of the Silicon Valley Leadership Group (SVLG) and participated in their Working Council and Racial Justice & Equity Committee.

PNC Bank, National Association, is a member of The PNC Financial Services Group, Inc. (NYSE: PNC). PNC is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For information about PNC, visit www.pnc.com.


CONTACT:
Patrice Smith
(858) 947-4536
patrice.smith@pnc.com

Disclaimer

The PNC Financial Services Group Inc. published this content on 09 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2022 16:08:03 UTC.


© Publicnow 2022
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Analyst Recommendations on PNC FINANCIAL SERVICES GROUP, INC.
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Financials (USD)
Sales 2022 20 934 M - -
Net income 2022 6 000 M - -
Net Debt 2022 - - -
P/E ratio 2022 11,0x
Yield 2022 3,63%
Capitalization 65 304 M 65 304 M -
Capi. / Sales 2022 3,12x
Capi. / Sales 2023 2,85x
Nbr of Employees 58 547
Free-Float 75,4%
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Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 159,23 $
Average target price 182,87 $
Spread / Average Target 14,8%
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Managers and Directors
William Stanton Demchak President
Robert Q. Reilly Chief Financial Officer & Executive Vice President
Ganesh Krishnan Chief Information Officer & Executive VP
E. William Parsley Chief Operating Officer & Executive Vice President
Gagan Singh Chief Investment Officer & Executive VP
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