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PNC Bank on Wednesday announced recent appointments to key leadership positions in Fort Worth, both of them a son and daughter of the city.
Brian Rudd was appointed commercial banking market leader, and Katy Rhodes Magruder PNC’s private bank market let.
“Our strategy in Fort Worth will always be driven by a locally-based team of industry-leading professionals that know the business and social landscape of this area, and we strongly believe these leaders perfectly encapsulate that approach,” says Dale Klose, PNC Southwest and Mountain Region territory executive, in a statement. “We live our Main Street Banking model every day in each market that we call home. Even though I oversee a broader geographic territory for PNC, I’m proud to call Fort Worth home and believe we have tremendous growth opportunities ahead for our local clients. This Fort Worth team will meet and exceed those expectations in a pivotal year for PNC.”
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Brian Rudd
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Katy Magruder
Rudd will lead a team charged with delivering the bank’s full scope of lending solutions, cash management services, risk management strategies and innovative ideas to help local companies address their business and financial needs. Rudd, with more than 20 years of banking experience, including 15 with PNC or its legacy banks, previously served as the PNC Business Banking market executive in North Texas. Before that, he served as the business banking area sales manager for BBVA USA.
Rudd has a bachelor’s degree from the University of Texas at Arlington.
Magruder will oversee a team designed to ensure clients benefit from the institution’s full spectrum of wealth strategy, investment management, fiduciary, and credit and cash management solutions.
She most recently served as a private client advisor at Texas Capital Bank, with prior roles that included director of client relations for Muzinich and Co., director of executive services on the North Texas Super Bowl XLV Host Committee, and director of Development for Texas 2036.
Magruder earned a bachelor’s degree from the University of Texas, and currently serves on the Amon Carter Museum Ambassadors Council, the Blue Ribbon Action Committee for Child Care, and the Fort Worth Country Day School Alumni Council, among others.
In November 2020, PNC announced it would acquire the U.S. subsidiary of Spain’s BBVA bank for $11.6 billion in cash. That purchase included BBVA’s 649 branches, including 336 in Texas. Many of those Texas branches are in North Texas.
“We’re thrilled to have these leaders in place and on the ground in Fort Worth, and I have no doubt that Brian and Katy will provide successful guidance to the essential lines of business they will oversee,” says Brendan McGuire, PNC regional president for North Texas. “These appointments strengthen our commitment to Fort Worth and enhance our ability to serve our clients in a localized way. This is one of the fastest-growing areas of the state and country, and more than ever, PNC is primed for growth in the market, where we are providing diverse banking capabilities and even more significant investments in our community.”