PNC Bank Corp. has promoted John M. Sylvester to senior vice president in charge of private banking at PNC Bank, Delaware, in Wilmington.
Mr. Sylvester succeeds executive vice president Robert B. Rickards, who retired after 33 years with the bank, and began reporting June 4 to senior vice president Thomas K. Whitford, manager of the private bank.
Most recently, Mr. Sylvester managed the units for personal trust and family wealth as well as the one that managed accounts for charities and endowments at the Delaware bank.
In his new post, he oversees personal trust; private banking; Del-Vest Inc., a local investment management subsidiary; trust investments and operations; and sales and marketing.
Based in Pittsburgh, PNC manages $45 billion of private client assets and administers more than $7 billion in its retail brokerage. PNC targets people with $250,000 of investable assets to be private clients.