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known as the
Benedum Theater, the smaller Byham theater concert venue, and the O'Reilly theater. Rohr helped connect these to the city's central business district by building Three PNC Plaza to house the bank's growing staff on a formerly blighted block adjacent to PNC's corporate headquarters. Completed in 2010, it featured the city's first Fairmont Hotel and was opposite a park PNC developed on the site.
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expanding its presence in
Eastern Pennsylvania and Central New Jersey. In the first half of 2004, PNC's net income rose 41 percent compared to the same part of 2003. At the end of 2004, PNC's assets were nearly $ 80 billion. A year later, in 2005, PNC earned $ 1.3 billion (or $ 4.65 per share), the highest annual earnings figure in the corporation's history.
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In the wake of that scandal, Rohr led an overhaul of PNC's risk management systems that would ultimately help position PNC well for the 2008 financial crisis to come, and his reforms helped boost the performance of PNC's stock. By 2003, PNC was in acquisition mode, picking up United
National Bancorp,
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Beyond
Pittsburgh, Rohr enhanced the lives of millions of children through PNC Grow Up Great. Long a close associate of Fred Rogers of Mr. Rogers Neighborhood fame, Rohr was intensely aware of the importance of early childhood development. In 2004, he worked with the PNC Foundation to create Grow Up
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Also in 2005, Rohr engineered PNC's acquisition of Riggs
National Corp., parent company of Riggs National Bank. The company's assets increased to nearly $ 92 billion with the addition of Riggs. The acquisition was the beginning of a series of purchases that would dramatically increase PNC's size and
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Among Rohr's many contributions to the community were his chairmanship of the
Pittsburgh Cultural Trust, which transformed Pittsburgh's former red-light district into a showcase cultural district featuring the already existing home of the Pittsburgh Symphony Orchestra, Heinz Hall, the opera house
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In 2008, Rohr chaired
Pittsburgh's 250th Anniversary celebration, bringing national attention to the city. In 2009, as chairman of the Allegheny Council on Community Development, Rohr helped Pittsburgh lure the international G-20 conference. For his contributions to the city, Pittsburgh Magazine
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At the height of the 2008 U.S. financial crisis, Rohr oversaw PNC's acquisition of struggling
National City Corporation. The transaction effectively doubled the size of PNC and briefly made PNC one of the five largest U.S. banks. Importantly, it expanded PNC's retail banking footprint to the
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In 2007, PNC acquired
Mercantile Bankshares Corporation, headquartered in Baltimore, adding 240 branches, primarily in Maryland, Delaware and the District of Columbia. In 2007 it also announced agreements to purchase two other banks. In 2008 PNC gained another 33 branches when it closed the
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Prior to becoming
Chairman & CEO of PNC, Rohr had spent his entire 28-year professional life at PNC-affiliated or predecessor companies. As CEO, Rohr managed a major accounting scandal that plagued PNC soon after he assumed leadership of the banking firm. By shifting $ 762 million in
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named him "Pittsburgher of the Year" in 2012. And in 2015, with the completion of PNC's new corporate headquarters at Fifth Avenue and Wood Street, the city named a portion of Wood Street, the corner where PNC had been headquartered for more than 160 years, "Jim Rohr Way."
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Beyond Rohr's legacy as a builder of the franchise, Rohr was well known for his community leadership in his adopted home, PNC's headquarters city of Pittsburgh, and as the driving force behind the creation of PNC's signature philanthropic effort, PNC Grow Up Great.
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The first few years in an executive role at PNC were turbulent for Rohr. PNC's stock price lost roughly half of its overall value throughout 2001 and at shareholders' meetings during that time, shareholders began to demand that Rohr resign from his position.
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In April 2014, Rohr vacated his role as chairman, retiring after 42 years with PNC, including 13 years as CEO. Upon his retirement, PNC's assets exceeded $ 320 billion, or four times what they had been at the beginning of Rohr's building phase.
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In 2011 PNC agreed to purchase 19 Florida branches of BankAtlantic Bancorp, and by 2012 he had closed on the acquisition of a much bigger franchise, the 426 U.S. branches of the Royal Bank of Canada, collectively known as RBC Bank (USA).
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While CEO of PNC Financial Services Group in 2008, James E. Rohr earned a total compensation of $ 8,549,098, which included a base salary of $ 1,000,000, no cash bonus, stocks granted of $ 3,185,000, and options granted of $ 4,132,000.
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newspaper began running "The Jim Rohr Box." The editorial section bearing Rohr's name chided the PNC Chairman for accepting a $ 48 million public subsidy to help fund the construction of the new Three PNC Plaza.
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108:(commonly known as PNC Bank) and former CEO. Rohr served as CEO from May 2000 to April 2013 and as chairman from May 2001 to April 2014, both times taking over for Tom O'Brien. He was the chairman of the
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acquisition of Yardville National Bancorp in New Jersey, and immediately after closed on its acquisition of Sterling Financial Corporation, with 67 branches in Pennsylvania, Maryland and Delaware.
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In February 2013, Rohr announced to the PNC board that he wanted to vacate his CEO role after the 2013 annual shareholders meeting and then retire from the company altogether in 2014.
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magazine as one of the "Most Admired Companies in America." Two years later, The Banker magazine of London named PNC "Bank of the Year in the U.S." for 2010.
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Great, a 10-year, $ 100 million early childhood learning initiative intended to help prepare underserved children from birth to age 5 for school and life.
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Mississippi River in the West and to Florida in the South, making it a truly "super-regional" bank. A category in which it would repeatedly be ranked by
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in 2006. The deal valued PNC's 70 percent stake at $ 5.6 billion, compared to the $ 240 million PNC, under O'Brien had paid for the same stake in 1995.
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Rohr's positive performance as Chairman & CEO earned him much praise and acclaim, including the 2007 American Banker's Banker of the Year Award.
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underperforming assets and loans to accounts that were kept off the corporation's balance sheet, PNC was forced to restate its 2001 earnings.
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124:(then Germany) immigrant to America, a cook in a hotel, who married the hotel's Irish laundress and opened his own restaurant in
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magazine's profile of Rohr shows his annual salary at PNC totaling $ 950,000 with PNC stock options valued at $ 11.4 million.
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In 2006, PNC and Rohr have received high marks for their decision to sell a 49.8 percent stake of the money manager firm
132:. Rohr's father, also a Cleveland restaurateur died when Rohr was still in grade school. Rohr graduated from Cleveland's
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364:"The survivor: Jim Rohr has beaten challenges, and odds, at PNC – Chief Executive, The – Find Articles at BNET.com"
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312:"David Coulter to Become Chair of Carnegie Mellon's Board of Trustees - News - Carnegie Mellon University"
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American Banker to Honor James Rohr of PNC Financial With 2007 Banker of the Year Award
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Rohr was named to the General Electric Co. board of directors in September 2013.
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Board of Trustees until the start of the 2021 Academic year.
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American chief executives of financial services companies
536:"James Rohr Joins GE Board of Directors - Yahoo Finance"
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The Path to Redeption - 04.01.2006 - U.S. Banker Article
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Ohio State University Fisher College of Business alumni
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491:"PNC Gets National City in Latest Bank Acquisition"
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419:"Riggs Bank Sold to PNC Financial Services Group"
662:Is newspaper's anti-Rohr campaign over the line?
104:(born October 18, 1948) is former chairman of
733:Saint Ignatius High School (Cleveland) alumni
511:"Rohr to retire as CEO, Demchak to take over"
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561:"ThePNCFinancialServicesGroup_10K_20140303"
444:"ThePNCFinancialServicesGroup_10K_20060315"
405:"ThePNCFInancialServicesGroup_10K_20060315"
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144:Two years later, in 1972, Rohr earned an
643:2008 CEO Compensation for James E. Rohr
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177:bring it deep into the U.S. Southeast.
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326:"Pittsburgher of the Year: Jim Rohr"
718:Carnegie Mellon University trustees
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743:University of Notre Dame Trustees
674:"James Rohr Profile - Forbes.com"
738:University of Notre Dame alumni
515:American City Business Journals
152:. Rohr's wife, Sharon, is from
576:"A grand idea: Pittsburgh 250"
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713:Businesspeople from Cleveland
120:Rohr was the grandson of an
106:PNC Financial Services Group
612:"Pittsburgh Business Times"
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134:Saint Ignatius High School
110:Carnegie Mellon University
703:American business writers
253:Pittsburgh Tribune-Review
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138:University of Notre Dame
72:University of Notre Dame
598:"Pittsburgh Magazine"
150:Ohio State University
83:Ohio State University
580:Pittsburgh Quarterly
461:"PNC Legacy Project"
600:. 27 December 2011.
648:2009-04-14 at the
391:2008-10-10 at the
160:Professional life
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140:in 1970 with a
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136:and from the
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43:(age 75)
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337:"James Rohr"
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693:1948 births
687:Categories
546:2017-01-15
496:2018-07-17
429:2018-07-17
346:2023-08-05
297:2021-04-24
274:References
116:Early life
62:Republican
37:1948-10-18
246:Criticism
182:BlackRock
126:Cleveland
68:Education
47:Cleveland
646:Archived
389:Archived
122:Alsatian
20:Jim Rohr
520:1 March
201:Fortune
626:"On Q"
267:Forbes
53:, U.S.
522:2013
250:The
142:B.A.
130:Ohio
51:Ohio
31:Born
184:to
146:MBA
88:MBA
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