Four Pennsylvania financial executives — including the president of Dauphin County-based Centric Bank — are among the 50 most powerful women in banking and finance, according to American Banker Magazine.
The New York-based magazine’s annual Women in Banking issue includes among its 2016 honorees:
- Patricia “Patti” Husic, president and CEO, Centric Bank, Lower Paxton Township.
- Karen Larrimer, executive vice president, head of retail banking and chief customer officer, PNC Financial Services Group, Pittsburgh.
- Diana Reid, executive vice president, head of PNC Real Estate, PNC Financial Services Group, Pittsburgh.
- Charlotte McLaughlin, president and chief executive, PNC Capital Markets, Pittsburgh.
The publication’s 25 Most Powerful Women in Banking and 25 Most Powerful Women in Finance — along with 25 Women to Watch — will be recognized at a dinner and awards ceremony Oct. 6 at Cipriani’s in New York hosted by American Banker and parent company SourceMedia.
“The women selected for the ranking are not only exceptional at their jobs, but an inspiration to others. They are leaders, at their companies, in the industry and in their communities,” said executive editor Bonnie McGeer, who chairs American Banker’s women in banking editorial committee. “Our hope is that by calling attention to such outstanding women, we can help amplify efforts by the industry to diversify its senior ranks.”
Centric Bank also was one of only five institutions on the magazine’s Top Teams in Banking list, which honors companies with strong female representation in their senior ranks. Centric was singled out for having women in the roles of both CEO and CFO, which is a rarity among publicly traded banking companies — an SNL Financial study this year found only 13 listed U.S. banks with a female CEO and CFO. About 60 percent of Centric’s workforce is female, and three out of four of the corporate officers are women.
“Diversity of experience and gender diversity brings a diversity of thought to the table,” Husic told American Banker. “If we all look the same or if we all think the same, then we will never explore different avenues.”
Under Husic — No. 17 on American Banker’s Women in Banking list — Centric reported a record profit in 2015 and is on its way to setting another record this year. Net income increased about 49 percent last year, to $1.8 million, while assets jumped almost 20 percent, to $373 million, American Banker reported.
Husic founded the Pennsylvania Bankers Association’s Women in Banking Conference in 2013.
Larrimer — 16th on American Banker’s Women in Banking list — became PNC Financial Services Group’s chief customer officer in March 2014 and added the title of head of retail banking in July of this year. She earned praise as “an exceptionally talented, smart and capable business leader, and … trusted adviser” from Bill Demchak, PNC’s chairman and chief executive.
The former chief marketing officer for PNC, Larrimer serves on the board of directors for the PNC Foundation and Goodwill of Southwestern Pennsylvania. She is also a member of the board of trustees for Robert Morris University and volunteers on the board of visitors of the RMU Women’s Leadership and Mentorship Program. In addition, she is a board and executive committee member of United Way of Allegheny County and the Children’s Museum of Pittsburgh.
Reid — who ranks 23rd on the Women in Banking list — has been involved in the banking industry for more than 30 years, including 20 years at the investment bank Credit Suisse. Actively involved in industry issues throughout her career, she is a founding member of the Mortgage Bankers Association commercial/multifamily board of governors and the Commercial Real Estate Finance Council. She’s also a trustee and member of the global board of directors of the Urban Land Institute.
In 2013, Reid was elected to membership of the Committee of 200, a global organization of women entrepreneurs and corporate executives. She also is a member of the board of directors and the executive committee of the Pittsburgh Opera.
McLaughlin — No. 7 on American Banker’s Women in Finance rankings — assumed her current position with PNC in July 2002, and has since been building up what had been a dormant business, making capital markets a profitable and strategically important part of PNC Financial Services Group, according to American Banker.
Before joining PNC, McLaughlin, a graduate of Penn State and the University of Pittsburgh, was manager of Global Rate Risk Management Products for Mellon Bank.
The No. 1 spot on American Banker’s list of top Women in Banking went to BNY Mellon President Karen Peetz. Top spots on the Women in Finance and the Women to Watch lists went to Mary Callahan Erdoes, CEO of J.P. Morgan Asset Management, and Nandita Bakhshi, the newly appointed president and chief executive of Bank of the West.
Complete rankings are featured in the October issue of American Banker Magazine. The annual program celebrating the accomplishments of women in the industry is in its 14th year.