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PNC announced the redemption on Sept. 1, 2020, of $480,000,000 of Depositary Shares representing interests in PNC's 5.375% Non-Cumulative Perpetual Preferred Stock, Series Q.

Funding Includes PNC Foundation Support for COVID-19 Arts Aid PHL Fund 

First of Three Nashville-Area Solution Centers Opens in Franklin

Hosting Free Webcast With Angie Bastian of Angie's BOOMCHICKAPOP

Strong capital, liquidity and reserve levels

Carole Brown named Head of PNC's Asset Management Group and Richard K. Bynum named to newly created role of Chief Corporate Responsibility Officer. 

PNC last week received the results of the Federal Reserve's 2020 Comprehensive Capital Analysis and Review. Based on PNC's strong results, PNC's Stress Capital Buffer for the four quarter period beginning Oct. 1, 2020 is 2.5% and PNC's Common Equity Tier 1 ratio significantly exceeds the regulatory minimum (4.5%).

PNC announced the results of its biennial company-run stress test conducted in accordance with regulations of the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency under the Dodd-Frank Wall Street Reform and Consumer Protection Act.

"We are living in one of the most important civil rights movements of our time. Each of us has a role to play in combatting racism and discrimination, and PNC is committed to driving real change in areas in which we can make the greatest impact," said Chairman, President and Chief Executive Officer William S. Demchak.

PNC to mentor locally owned bank, Springfield, Ill. based, INB.