PNC Financial Services Group, the biggest bank based in Pennsylvania, has named 10-year PNC veteran executive William Demchak as president. Statement here.

The promotion "will likely strengthen the market's sense that Mr. Demchak is the likely heir apparent to current CEO Jim Rohr," R. Scott Siefers, bank analyst at Sandler O'Neill + Partners in New York, told clients in a report. "Our best guess is that it is still a few years away." 
Demchak, who is 49, joined PNC in 2002 as chief financial officer. He later headed big-businss banking. He was named senior vice chairman in 2009 and now holds "supervisory responsibility for all PNC businesses," the company said in a statement.
Before PNC, Demchak was head of Structured Finance and Credit Portfolio for JPMorgan, Chase & Co. He's a director of BlackRock Inc., the investment group PNC partly owns. He's a graduate of Allegheny College and holds an MBA from the U of Michigan.
Demchak helped integrate National City Corp. and other troubled banks into PNC, expanding its reach in the Midwest and South and cementing its place among the largest US banks after national giants JPMorgan, Bank of America, Wells Fargo and Citigroup.
PNC is the dominant bank in western Pennsylvania; a successor to Philadelphia's former Provident Bank, it competes with Wells Fargo, TD Bank, Citizens Bank and others in the Philadelphia market, where it employs over 2,000.