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William Stanton Demchak (born August 24, 1962) is a business executive in the finance industry and serves as the current chief executive officer of PNC Financial Services.He is credited with being one of the earliest adopters of the credit default swap, especially the creation of markets around them, which due to the role they would play in the Financial crisis of 2007–2008, earned him the ...
PNC branch footprint, as of November 2021 PNC Bank Corporate Footprint. The PNC Financial Services Group, Inc. is an American bank holding company and financial services corporation based in Pittsburgh, Pennsylvania. Its banking subsidiary, PNC Bank, operates in 27 states and the District of Columbia, with 2,629 branches and 9,523 ATMs.
At the end of 2004, PNC's assets were nearly $80 billion. [7] A year later, in 2005, PNC earned $1.3 billion (or $4.65 per share), the highest annual earnings figure in the corporation's history. [6] Also in 2005, Rohr engineered PNC's acquisition of Riggs National Corp., parent company of Riggs National Bank. [8]
The Preston Centre is a 27-story, 317-foot (97 m) office building and skyscraper on Capitol Square in Downtown Columbus, Ohio.The Preston Centre is the 15th-tallest building in Columbus.
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On May 13, 2005, after the exposure of several money laundering scandals, the bank was acquired by PNC Financial Services. The bank was known for handling the personal financial affairs of many U.S. Presidents and many embassies in Washington, D.C. Twenty-three U.S. Presidents or their families banked at Riggs, including Martin Van Buren, John ...