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PITTSBURGH – PNC Bank announced the appointment of Michael Thomas as the new head of Corporate & Institutional Banking (C&IB), effective immediately. Mr. Thomas, who has been with PNC for his 27 years, will succeed Michael P. Lyons, who was promoted to president on February 20, 2024.
Thomas' extensive experience within PNC includes leadership roles in debt capital markets and real estate banking. Since 2020, he has led PNC's real estate business with a focus on technology enhancements, post-acquisition BBVA (BME:) USA integration efforts, and operations of the company's affordable housing and tax credit investment businesses.
In 2023, he expanded his responsibilities to the Corporate Strategy Group, supporting strategic initiatives across PNC's diverse business lines.
PNC Bank President Michael P. Lyons expressed confidence in Mr. Thomas' ability to lead the C&IB business, citing Mr. Thomas' proven track record and collaborative approach.
PNC's C&IB provides a wide range of services, including lending, treasury management, and capital markets products, to clients in the United States and Canada. The company is one of the leading commercial and industrial real estate financiers and is a leading provider of financial management services in the United States.
PNC Financial Services Group, Inc. (NYSE:), the parent company of PNC Bank, is recognized as one of the largest diversified financial services institutions in the United States, providing customers and communities with a wide range of banking, wealth and wealth services. We are committed to providing the following. Management and asset management services.
This leadership change is part of PNC's continued commitment to enterprise customers and strategic growth. Information in this report is based on PNC Bank's press release statement.
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