PITTSBURGH, Oct. 1, 2020 /PRNewswire/ -- The PNC
Financial Services Group, Inc. (NYSE: PNC) today appointed
David L. Cohen to its Board
of Directors, effective immediately.
Cohen is a senior executive vice president of Comcast
Corporation, where he has held leadership roles covering a broad
portfolio of responsibilities over the last 18 years, including
corporate communications, legal affairs, government and regulatory
affairs, public affairs, corporate administration, corporate real
estate and security, and community impact. He also served as the
company's first chief diversity officer. Prior to joining Comcast
in 2002, Cohen served as a partner and chairman of Ballard Spahr Andrews & Ingersoll, LLP, one
of the 100 largest law firms in the country.
Cohen is active on several boards and board committees,
including: chairman of the Trustees of the University of Pennsylvania and its executive
committee and a member of the Penn Medicine board and executive
committee; a member of the board of directors of the Greater Philadelphia Chamber of Commerce, and
a member of the Chamber's CEO Council for Growth; a member of the
board of the National Urban League and chair of its Audit
Committee; a member of the board of FS Global Credit Opportunities
Fund and chair of its Nominating and Corporate Governance
Committee; a member of the United States Semiquincentennial
Commission and a member of its executive committee; and chairman of
the Philadelphia Theatre Company, among many others.
The New York native earned a
Bachelor of Arts degree from Swarthmore
College and a J.D. from the University
of Pennsylvania Law School, as well as honorary Doctor of
Laws degrees from Drexel University,
Rider University and Rowan University. He currently resides in
Philadelphia and has been
appointed to PNC's Audit and Personnel & Compensation
Committees.
"David's significant business and leadership experience across a
broad range of disciplines throughout his career will provide an
important and unique perspective to our board of directors. His
appointment expands and complements the breadth of expertise among
our current board members, and positions PNC well for ongoing
strength and growth as our business continues to evolve," said
William S. Demchak, PNC's chairman,
president and chief executive officer.
In addition, PNC's board of directors declared a quarterly cash
dividend on the common stock of $1.15
per share. The dividend will be payable Nov.
5, 2020, to shareholders of record at the close of business
Oct. 16, 2020.
The board also declared a cash dividend on the following series
of preferred stocks:
- Series B: a quarterly dividend of 45 cents per share will be payable Dec. 10, 2020, to shareholders of record at the
close of business Nov. 13, 2020.
- Series P: a quarterly dividend of $1,531.25 per share ($.3828125 per each depositary share, 4,000 of
which represent one share of Series P preferred stock) with a
payment date of Nov. 1, 2020, will be
payable the next business day to shareholders of record at the
close of business Oct. 16, 2020.
- Series R: a semi-annual dividend of $2,425.00 per share ($24.25 per each depositary share, 100 of which
represent one share of Series R preferred stock) will be payable
Dec. 1, 2020, to shareholders of
record at the close of business Nov. 16,
2020.
- Series S: a semi-annual dividend of $2,500.00 per share ($25.00 per each depositary share, 100 of which
represent one share of Series S preferred stock) with a payment
date of Nov. 1, 2020, will be payable
the next business day to shareholders of record at the close of
business Oct. 16, 2020.
The PNC Financial Services Group, Inc. is one of the largest
diversified financial services institutions in the United States, organized around its
customers and communities for strong relationships and local
delivery of retail and business banking including a full range of
lending products; specialized services for corporations and
government entities, including corporate banking, real estate
finance and asset-based lending; wealth management and asset
management. For information about PNC, visit www.pnc.com.
CONTACTS:
MEDIA:
Marcey
Zwiebel
(412) 762-4550
corporate.communications@pnc.com
INVESTORS:
Bryan
Gill
(412) 768-4143
investor.relations@pnc.com
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SOURCE The PNC Financial Services Group, Inc.