# William Demchak

> William S. Demchak is chairman and chief executive officer of The PNC Financial Services Group. He joined PNC as CFO in 2002 after leading structured finance and the credit portfolio at JPMorgan Chase, became CEO in 2013, and has overseen expansion through BBVA USA and FirstBank while remaining based in Pittsburgh.

- **Role:** Chairman and Chief Executive Officer at The PNC Financial Services Group
- **Organizations:** The PNC Financial Services Group, JPMorgan Chase (former executive), Bank Policy Institute, The Business Council, Allegheny Conference on Community Development, Pittsburgh Cultural Trust
- **Nationality:** American
- **Education:** Bachelor of Science, Allegheny College, MBA, accounting emphasis, University of Michigan
- **Known for:** Led PNC during the 2020 BlackRock divestment, which produced $14.2 billion in net proceeds., Oversaw the $11.6 billion acquisition of BBVA USA, completed in 2021., Led PNC through the FirstBank acquisition, completed in January 2026.

## Career timeline

- **Before 2002** — Global head of Structured Finance and Credit Portfolio at JPMorgan Chase.
- **2002** — Joined PNC as chief financial officer.
- **2005** — Named head of Corporate & Institutional Banking.
- **2009** — Promoted to senior vice chairman.
- **2010** — Named head of PNC businesses.
- **2012** — Elected president in April.
- **2013** — Became chief executive officer in April.
- **2014** — Became chairman in April.
- **2020** — PNC sold its entire BlackRock equity investment and agreed to acquire BBVA USA.
- **2021** — PNC completed its BBVA USA acquisition on June 1.
- **2025** — Mark Wiedman joined as president; PNC announced its FirstBank agreement.
- **2026** — PNC completed the FirstBank acquisition on January 5 and the customer transition on June 21.

## Achievements

- Led PNC during the 2020 BlackRock divestment, which produced $14.2 billion in net proceeds.
- Oversaw the $11.6 billion acquisition of BBVA USA, completed in 2021.
- Led PNC through the FirstBank acquisition, completed in January 2026.
- Received the Daniel M. Rooney Ambassador’s Award at the Ireland Funds Pittsburgh Gala in 2024.

## Latest updates

- **2026-10** — PNC reported third-quarter net income of $2.1 billion and reported diluted EPS of $4.97 on October 15.
- **2026-06** — The transition of FirstBank accounts, products and services to PNC completed on June 21.
- **2026-01** — PNC completed its FirstBank acquisition on January 5.
- **2025-04** — PNC appointed Mark Wiedman president, reporting to Demchak.

## Links

- Website: https://www.pnc.com/en/about-pnc/company-profile/leadership-team/william-s-demchak.html
- LinkedIn: https://www.linkedin.com/in/william-demchak-b4b74b58

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Profile page: https://yespress.io/william-demchak
Published by YesPress — https://yespress.io
Last updated: 2026-10-21