PNC Bank 2010 Annual Report Download - page 28
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Please find page 28 of the 2010 PNC Bank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.April 2008 and then Executive Vice President in February
2009. She served as Chief Executive Officer for PNC’s wealth
management business from 2002 to 2006. From 2006 until
April 2008, she served as Executive Vice President of PNC
Bank, N.A. and was responsible for product and segment
management, as well as advertising and brand management
for PNC.
Michael J. Hannon served as Executive Vice President and
Chief Credit Officer since November 2009. From February
2009 to November 2009 he served as Executive Vice
President and Chief Risk Officer and was previously Senior
Vice President and Chief Credit Officer.
Richard J. Johnson has served as Chief Financial Officer since
August 2005. He was appointed Executive Vice President in
February 2009 and was previously Senior Vice President.
E. William Parsley, III has served as Treasurer and Chief
Investment Officer since January 2004. He was appointed
Executive Vice President of PNC in February 2009.
Helen P. Pudlin has served as General Counsel since 1994.
She was appointed Executive Vice President in February 2009
and was previously Senior Vice President.
Robert Q. Reilly has served as the head of PNC’s Asset
Management Group since 2005. Previously, he held numerous
management roles in both Corporate Banking and Asset
Management. He was appointed Executive Vice President in
February 2009.
DIRECTORS OF THE REGISTRANT
The name, age and principal occupation of each of our
directors as of February 18, 2011, and the year he or she first
became a director is set forth below:
• Richard O. Berndt, 68, Managing Partner of
Gallagher, Evelius & Jones LLP (law firm) (2007)
• Charles E. Bunch, 61, Chairman and Chief Executive
Officer of PPG Industries, Inc. (coatings, sealants
and glass products) (2007)
• Paul W. Chellgren, 68, Operating Partner, Snow
Phipps Group, LLC (private equity) (1995)
• Kay Coles James, 61, President and Founder of The
Gloucester Institute (non-profit) (2006)
• Richard B. Kelson, 64, Chairman and Chief
Executive Officer, ServCo, LLC (strategic sourcing,
supply chain management) (2002)
• Bruce C. Lindsay, 69, Chairman and Managing
Member of 2117 Associates, LLC (business
consulting firm) (1995)
• Anthony A. Massaro, 66, Retired Chairman and
Chief Executive Officer of Lincoln Electric
Holdings, Inc. (manufacturer of welding and cutting
products) (2002)
• Jane G. Pepper, 65, Retired President of the
Pennsylvania Horticultural Society (non-profit) (1997)
• James E. Rohr, 62, Chairman and Chief Executive
Officer of PNC (1990)
• Donald J. Shepard, 64, Retired Chairman of the
Executive Board and Chief Executive Officer of
AEGON U.S. Holding Corporation (insurance)
(2007)
• Lorene K. Steffes, 65, Independent Business Advisor
(technology and technical services) (2000)
• Dennis F. Strigl, 64, Retired President and Chief
Operating Officer of Verizon Communications Inc.
(telecommunications) (2001)
• Stephen G. Thieke, 64, Retired Non-executive
Chairman of Risk Metrics Group, Inc.; Retired
Chairman, Risk Management Committee of J.P.
Morgan (financial and investment banking services)
(2002)
• Thomas J. Usher, 68, Non-executive Chairman of
Marathon Oil Corporation (oil and gas industry)
(1992)
• George H. Walls, Jr., 68, former Chief Deputy
Auditor for the State of North Carolina (2006)
• Helge H. Wehmeier, 68, Retired Vice Chairman of
Bayer Corporation (healthcare, crop protection, and
chemicals) (1992)
PART II
ITEM
5–
MARKET FOR REGISTRANT
’
SCOMMON
EQUITY
,
RELATED STOCKHOLDER MATTERS AND
ISSUER PURCHASES OF EQUITY SECURITIES
(a) (1) Our common stock is listed on the New York Stock
Exchange and is traded under the symbol “PNC.” At the close
of business on February 18, 2011, there were 79,520 common
shareholders of record.
Holders of PNC common stock are entitled to receive
dividends when declared by the Board of Directors out of
funds legally available for this purpose. Our Board of
Directors may not pay or set apart dividends on the common
stock until dividends for all past dividend periods on any
series of outstanding preferred stock have been paid or
declared and set apart for payment. The Board presently
intends to continue the policy of paying quarterly cash
dividends. The amount of any future dividends will depend on
economic and market conditions, our financial condition and
operating results, and other factors, including contractual
restrictions and applicable government regulations and
policies (such as those relating to the ability of bank and
non-bank subsidiaries to pay dividends to the parent company
and regulatory capital limitations). Our ability to increase our
dividend is currently subject to the results of the Federal
Reserve’s supervisory assessment of capital adequacy
described under “Supervision And Regulation” in Item 1 of
this Report.
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