PITTSBURGH - PNC Bank has named Michael Thomas as the new head of its Corporate & Institutional Banking (C&IB) division, effective immediately. Thomas, who has been with PNC for 27 years, takes over from Michael P. Lyons, who was elevated to the position of president on February 20, 2024.
Thomas's 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, focusing on technology enhancements, integration efforts following the acquisition of BBVA (BME:BBVA) USA, and steering the affordable housing and tax credit investments business.
In 2023, he expanded his responsibilities to include the Corporate Strategy group, aiding in strategic initiatives across PNC's diversified lines of business.
Michael P. Lyons, president of PNC Bank, expressed confidence in Thomas's ability to lead the C&IB business, citing his proven track record and collaborative approach.
PNC's C&IB offers a broad range of services, including lending, treasury management, and capital markets-related products to clients in the United States and Canada. It stands as one of the major commercial and industrial real estate lenders and is a leading provider of treasury management services in the U.S.
PNC Financial Services Group, Inc. (NYSE: NYSE:PNC), the parent company of PNC Bank, is recognized as one of the largest diversified financial services institutions in the U.S., committed to serving its customers and communities with a variety of banking, wealth management, and asset management services.
This leadership transition is part of PNC's ongoing commitment to its corporate clients and strategic growth. The information for this report is based on a press release statement from PNC Bank.
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