News Summary
PNC Bank announces the retirement of Mike Anselmo, the long-serving market leader for Corporate Bank in Western and Central Pennsylvania, effective July 1, 2025. C.J. Pascarella will succeed him, bringing over 20 years of banking experience. Anselmo leaves a legacy of dedication to the bank and community, while Pascarella is poised to continue that commitment as he takes over management of the corporate banking team.
Pennsylvania
PNC Bank has announced a significant leadership transition as Mike Anselmo, the long-serving market leader for PNC’s Corporate Bank in Western and Central Pennsylvania, will retire effective July 1, 2025. Anselmo has dedicated over 40 years to his career, primarily within PNC, and leaves behind a legacy of commitment to both the bank and the community.
Following Anselmo’s retirement, C.J. Pascarella will assume the role of market leader, responsible for managing a team that caters to public and private companies with annual revenues exceeding $50 million. Pascarella brings substantial banking experience to the position, having spent over two decades in the industry, including 16 years at PNC.
Career Highlights of Mike Anselmo
Anselmo’s career at PNC began in 1986 as a business credit relationship manager. After a brief period away from the company, he returned to PNC in 2001. He was promoted to his current position in 2008, during which time he made significant contributions to the bank’s growth and reputation.
A native of Pittsburgh, Anselmo has been actively involved in various community organizations. His roles have included serving as treasurer of Oakland Catholic High School and being a member of the Finance Council at Saint Jude Parish in Shadyside. Anselmo graduated from The Pennsylvania State University in 1984 and later received an MBA from Duquesne University.
C.J. Pascarella’s Background
Pascarella, who will take over leadership duties upon Anselmo’s retirement, is well-equipped for the challenge. He currently serves as the corporate banking sales leader on Anselmo’s team, where he has focused on assisting local companies with revenues ranging from $50 million to over $3 billion. Before his tenure at PNC, Pascarella worked at Deloitte and Grant Thornton, where he specialized in merger and acquisition due diligence, as well as capital advisory and forensic accounting. He holds a degree from The Pennsylvania State University Smeal College of Business and is also committed to community service, serving as treasurer of the Learning Disabilities Association of America.
PNC Bank’s Role in the Financial Sector
PNC Bank is a prominent financial institution in the United States, being part of The PNC Financial Services Group, Inc., which ranks among the largest diversified financial services firms in the country. The bank has been recognized for its service to both corporate and individual clients and maintains a strong presence in the regional market.
Lou Cestello, head of regional presidents at PNC, acknowledged Anselmo as a steadfast leader and trusted advisor throughout his tenure. Under his direction, PNC’s Corporate Bank has made significant strides in the marketplace, enhancing relationships with businesses across a range of sectors.
Pascarella’s ascension to leadership is seen as a continuation of the bank’s legacy of strong management. His extensive background in corporate banking and community involvement suggests a seamless transition and sustained commitment to serving the financial needs of companies in Western and Central Pennsylvania.
As Anselmo prepares for retirement, he leaves behind a strong team and solid strategies aimed at fostering growth and community engagement in the bank’s future initiatives. The leadership transition is expected to bolster PNC’s ability to navigate the complexities of the banking sector while maintaining excellent service delivery to its diverse clientele.
Deeper Dive: News & Info About This Topic
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