Bill Demchak Shares PNC’s Commitment to Consistency and Longevity in Banking

RCB President Gordon Martin and Rotarian Nick Willis with Bill Demchak

On April 3, 2024, the Rotary Club of Birmingham (RCB) welcomed Bill Demchak, The PNC Financial Services Group Chairman & CEO. Rotarian NIck Willis, PNC North & Central Alabama Regional President, facilitated a conversation with Demchak entitled “PNC: A responsible partner for nearly 160 years.”

Demchak provided an overview of the current financial environment and dynamic shifts in banking in recent years. He focused on PNC’s growth and stability during periods of uncertainty that have proven detrimental for smaller and risk-prone financial institutions. Demchak discussed the evolving landscape of banking that is less local due to consolidation and digitization in the industry. He explained how PNC has grown significantly due to a commitment to principles that have guided the company for well over a century.

“We’re good at serving clients, we’re good at being local in the communities and working with almost insider knowledge of all the markets we’re in because we’re part of the community,” said Demchak. “We just expanded that to more communities, we didn’t change who we were.”

Demchak highlighted PNC’s commitment to supporting the communities and small businesses in its footprint through projects such as the Partner Up career readiness program and the Grow Up Great preschool learning initiative. Demchak championed PNC’s support for students attending college through programs like the Pittsburgh Promise and announced PNC’s commitment to invest $10 million in the Birmingham Promise over the next ten years.

“This program really works. We’re thrilled to be part of it here in town, it makes a big difference.”

Bio for Bill Demchak

William S. Demchak is chairman and chief executive officer of The PNC Financial Services Group, one of the largest diversified financial services companies in the United States.

Demchak joined PNC in 2002 as chief financial officer. In July 2005, he was named head of PNC’s Corporate & Institutional Banking responsible for PNC’s middle market and large corporate businesses, as well as capital markets, real estate finance, equity management and leasing.  Demchak was promoted to senior vice chairman in 2009 and named head of PNC businesses in August 2010.  He was elected president in April 2012, chief executive officer in April 2013 and chairman in April 2014.

Before joining PNC in 2002, Demchak served as the global head of Structured Finance and Credit Portfolio for JP Morgan Chase. He also held key leadership roles at JP Morgan prior to its merger with the Chase Manhattan Corporation in 2000. He was actively involved in developing JP Morgan’s strategic agenda and was a member of the company’s capital and credit risk committees.

Demchak is a member and past chairman of the board of directors of the Bank Policy Institute and is a member of The Business Council. In addition, he is a member and immediate past chair of the Allegheny Conference on Community Development and is on the boards of directors of the Extra Mile Education Foundation and the Pittsburgh Cultural Trust.

Demchak received a Bachelor of Science degree from Allegheny College and earned an MBA from the University of Michigan.