June 19, 2020, Industry News.
PNC committed more than $1 billion to help end systemic racism and support economic empowerment of African Americans and low- and moderate-income communities.
“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,” William S. Demchak, chairman, president and CEO of PNC, said.
PNC’s commitment will provide more than $50 million in additional charitable support for national and local work that will help eliminate systemic racism and promote social justice; expand financial education and workforce development initiatives; and enhance low-income neighborhood revitalization and affordable housing, with funding allocation led by the PNC Foundation board of directors, PNC’s regional presidents and community development banking teams.