PNC Financial Services Group has appointed a regional management team in anticipation of completing its acquisition of Raleigh-based RBC Bank.
PNC, a regional bank based in Pittsburgh, has named Paula Fryland, a 21-year veteran of the bank, as regional president for Eastern Carolina. In addition, Bill Bunn, who joined RBC in 2005 and most recently was head of retail for its East region, has been named retail market manager for the Carolinas.
Both executives will be based in Raleigh. The appointments are contingent upon PNC completing its acquisition of RBC, which is expected to happen in March.
Fryland most recently was executive vice president and manager of PNC Healthcare, which works with healthcare payers and providers, in the bank's corporate and institutional banking department. She will be in charge of corporate and commercial banking, wealth management and institutional investments across Eastern Carolina, including Raleigh.
Bunn will oversee a retail banking network of more than 200 branches in North Carolina and South Carolina.
PNC, which has agreed to acquire RBC from Royal Bank of Canada for $3.45 billion, disclosed in mid-January that it could eliminate as many as 621 jobs in Raleigh and Rocky Mount after the deal is completed.
That would amount to 40 percent of the workforce in the two cities, but PNC has downplayed that number, saying it represents a worst-case scenario.
Some employees whose jobs are eliminated could land other positions at the bank, and others may leave on their own before PNC takes over, spokesman Fred Solomon has said.
