WILMINGTON – PNC Bank recently announced that Greg Miraglia, a private wealth banking veteran, will take over as its market executive for Delaware.
He will oversee the second largest consumer bank by branches in the First State and manage a large workforce for the Pittsburgh-based PNC, which ranks the sixth largest bank in America by deposits, according to the Federal Reserve.
It marks a career return to Delaware for Miraglia, who started at MBNA in Newark and spent a number of years there in collections and fraud detection before leaving for a role in mortgage lending at National Penn Bank. He later spent time in private banking at Wells Fargo Bank before arriving at PNC as a senior relationship strategist in 2016.
Earlier this year, former PNC Delaware Market Executive Jim Hutchinson departed for a senior vice president role at Bryn Mawr Trust, which opened the opportunity for Miraglia’s return.
“My family really enjoyed all the time we spent down here in Delaware. We have family down in this area and I come from a family of bankers, a number of whom spent some time here in the Wilmington area over their financial services careers. So, it seemed like a really great opportunity to join a great team in Wilmington and throughout the state,” Miraglia told Delaware Business Times.
In announcing the promotion, Joseph Meterchick, PNC Bank regional president for Philadelphia, Delaware and Southern New Jersey, called Miraglia “an accomplished leader with deep expertise in wealth management and a keen understanding of the unique needs of PNC Private Bank clients.”
“Greg’s longstanding ties to Delaware and record of success is the perfect complement to the strong PNC team and foundation that exists in the market,” he added.
In addition to overseeing the roughly 1,500 PNC workers in Delaware, Miraglia will serve as the market’s wealth director for PNC’s private banking segment, which caters to high-net wealth individuals. Much of Miraglia’s career has been in the sector.
“I really have always enjoyed the personal side of banking, working with individuals and their families on their goals and objectives. It’s been a really rewarding career path for me to develop some wonderful relationships with clients over the years,” he said.
He has also spent time in commercial banking, developing relationships with downtown Wilmington law firms in particular. That diverse background will aid him in managing employees working in consumer banking, commercial banking, private banking, real estate lending and trust services in Delaware.
“Banking and financial services is a competitive environment these days, and we are focused on the community, and building relationships within the community,” Miraglia said.
He noted that PNC has the resources to be a full-service bank to customers of all kinds, offering personalized services from cash management to payment and financing solutions, trust services to investment management and more.
Miraglia expects to take the first few months to get to know his local team, but anticipates getting involved here as well, such as through the Delaware Bankers Association.
