Allegheny County — PNC Financial Services Group Inc. stands staunch with its national expansion strategy, its top executive emphasized Tuesday afternoon at the Goldman Sachs U.S. Financial Services Conference.
“Being in all places at all times is going to be critical,” Bill Demchak, PNC chairman, president and CEO said during the annual event, held virtually. It was the first such forum for Demchak and CEO Rob Reilly since PNC (NYSE:PNC) announced last month that it was buying BBVA USA Bancshares for $11.6 billion, its first bank acquisition in eight years.
PNC’s “desire to be national,” taking its model into more markets, has become “more critical than ever” since the pandemic erupted, Demchak said. “The race toward digital work has accelerated and the need to invest in technology to keep up with that is greater than it was.”
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