PNC Financial Elects New President

""PNC Financial Services Group"":http://www.pnc.com/ has announced the appointment of William S. Demchak as the company's president of the corporation.

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The board of directors elected Demchak, who will also serve as PNC's president for its principal banking subsidiary, ""PNC Bank"":http://www.pnc.com/.

Demchak has served as PNC's senior vice chairman since 2009, and he acted as the supervisory leader for all PNC businesses since 2010. Prior to joining PNC in 2002 as the company's chief financial officer, Demchak was the head of structured finance and credit portfolios for ""JPMorgan Chase & Co"":http://www.jpmorganchase.com/.

""Bill set the standard for delivering the entire company to our customers...I believe he will further enhance PNC's position as a national financial services leader,"" said PNC's chairman and CEO, James E. Rohr.