Patty Tascarella - HoustonNewMedia.org https://houstonnewmedia.org/author/patty-tascarella/ Building "Bridges" Across the Bayou City! Thu, 14 Nov 2024 20:46:53 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.3 https://i0.wp.com/houstonnewmedia.org/wp-content/uploads/2022/11/cropped-cropped-Houston.png?fit=32%2C32&ssl=1 Patty Tascarella - HoustonNewMedia.org https://houstonnewmedia.org/author/patty-tascarella/ 32 32 103504436 Texas close to becoming PNC’s largest growth state amid branch expansion plans https://houstonnewmedia.org/texas-close-to-becoming-pncs-largest-growth-state-amid-branch-expansion-plans/?utm_source=rss&utm_medium=rss&utm_campaign=texas-close-to-becoming-pncs-largest-growth-state-amid-branch-expansion-plans Thu, 14 Nov 2024 20:46:53 +0000 http://houstonnewmedia.org/?guid=7512c9512ad99ca8051c811335752e01 PNC's president and CFO talk about the bank's growth strategy including the latest details on new branch openings.

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‘Bigger is safe,’ PNC CFO says, sketches how bank looks to grow https://houstonnewmedia.org/bigger-is-safe-pnc-cfo-says-sketches-how-bank-looks-to-grow/?utm_source=rss&utm_medium=rss&utm_campaign=bigger-is-safe-pnc-cfo-says-sketches-how-bank-looks-to-grow Wed, 28 Feb 2024 21:28:42 +0000 http://houstonnewmedia.org/?guid=d53501210493e430485bbb4cef2bf10a PNC is thinking big, and CFO Rob Reilly put recent news from the bank into the context of its growth strategy.

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PNC to cut more branches across 5 states, including 1 in Houston https://houstonnewmedia.org/pnc-to-cut-more-branches-across-5-states-including-1-in-houston/?utm_source=rss&utm_medium=rss&utm_campaign=pnc-to-cut-more-branches-across-5-states-including-1-in-houston Fri, 23 Feb 2024 14:36:44 +0000 http://houstonnewmedia.org/?guid=6053687d3bef0d83c050ad5c69560069 Open and shut: PNC is adding 100 branches but continues to prune across its footprint. This time, the branch closures affect Houston.

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PNC to renovate 1,200 branches as part of $1B effort. Here’s what that entails https://houstonnewmedia.org/pnc-to-renovate-1200-branches-as-part-of-1b-effort-heres-what-that-entails/?utm_source=rss&utm_medium=rss&utm_campaign=pnc-to-renovate-1200-branches-as-part-of-1b-effort-heres-what-that-entails Wed, 21 Feb 2024 21:32:55 +0000 http://houstonnewmedia.org/?guid=258e8a567c970ca529e9f01bdef4a0db PNC Financial Services Group Inc. (NYSE: PNC) is investing around $1 billion to not only open more than 100 new locations but also renovate at least 1,200 existing ones through 2028. Here's a look at how it's expected to play out.

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PNC to sell Latin American brokerage/investment operations to wealth manager https://houstonnewmedia.org/pnc-to-sell-latin-american-brokerage-investment-operations-to-wealth-manager/?utm_source=rss&utm_medium=rss&utm_campaign=pnc-to-sell-latin-american-brokerage-investment-operations-to-wealth-manager Tue, 22 Aug 2023 19:35:07 +0000 http://houstonnewmedia.org/?guid=1fbf27b413c1d79d397a7b02fb807523 Pittsburgh-based PNC will sell Latin American brokerage operations that were part of its $11.6 billion acquisition of Houston-based BBVA USA Bancshares.

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Here’s what’s driving PNC to expand its mobile branches, including in Houston https://houstonnewmedia.org/heres-whats-driving-pnc-to-expand-its-mobile-branches-including-in-houston/?utm_source=rss&utm_medium=rss&utm_campaign=heres-whats-driving-pnc-to-expand-its-mobile-branches-including-in-houston Tue, 04 Apr 2023 13:08:24 +0000 http://houstonnewmedia.org/?guid=5caca0e68676b894e14fc0318e0c5428 PNC has added two branches on wheels dedicated to specific markets — including Houston — so far in 2023 and plans another four by year-end, bringing the total to 10.

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‘Stunner’: After massive surge in January jobs, PNC pushes recession likelihood past mid-2023 https://houstonnewmedia.org/stunner-after-massive-surge-in-january-jobs-pnc-pushes-recession-likelihood-past-mid-2023/?utm_source=rss&utm_medium=rss&utm_campaign=stunner-after-massive-surge-in-january-jobs-pnc-pushes-recession-likelihood-past-mid-2023 Mon, 06 Feb 2023 13:21:53 +0000 http://houstonnewmedia.org/?guid=b4e4965b4256ac3f3ec83c8f4edc5231 On Feb. 3, the U.S. Department of Labor released the monthly data that heftily surpassed expectations and defiantly flies in the face of the Fed’s efforts to slow the economy to reduce inflation.

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PNC closing 32 more branches, including 1 in Houston https://houstonnewmedia.org/pnc-closing-32-more-branches-including-1-in-houston/?utm_source=rss&utm_medium=rss&utm_campaign=pnc-closing-32-more-branches-including-1-in-houston Fri, 16 Dec 2022 13:21:18 +0000 http://houstonnewmedia.org/?guid=b2df44d9b1e288482503f94895f0d28b The states most impacted are Maryland and Virginia, which will both lose six PNC branches, and Alabama, Pennsylvania and Texas, which will each see four closures.

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PNC Bank converting more than 1,000 branches to automated model https://houstonnewmedia.org/pnc-bank-converting-more-than-1000-branches-to-automated-model/?utm_source=rss&utm_medium=rss&utm_campaign=pnc-bank-converting-more-than-1000-branches-to-automated-model Wed, 01 Jun 2022 11:42:29 +0000 http://houstonnewmedia.org/?guid=4195c38ec0b6f0d5e339d88ded28724d Already underway, conversion is expected to conclude by end of 2026, PNC says.

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University of Houston’s Renu Khator becomes PNC’s newest board director https://houstonnewmedia.org/university-of-houstons-renu-khator-becomes-pncs-newest-board-director/?utm_source=rss&utm_medium=rss&utm_campaign=university-of-houstons-renu-khator-becomes-pncs-newest-board-director Tue, 10 May 2022 18:07:44 +0000 http://houstonnewmedia.org/?guid=ec927dff47d21b5c2679ecafe3b157a9 Renu Khator, chancellor of the University of Houston System, is third newcomer to PNC's board in seven months.

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PNC CEO on ‘massive aha moments’ and what every single customer wants to talk about https://houstonnewmedia.org/pnc-ceo-on-massive-aha-moments-and-what-every-single-customer-wants-to-talk-about/?utm_source=rss&utm_medium=rss&utm_campaign=pnc-ceo-on-massive-aha-moments-and-what-every-single-customer-wants-to-talk-about Tue, 14 Dec 2021 19:53:57 +0000 http://houstonnewmedia.org/?guid=ee3bc22639cbf5f0ac62d4a4a3afede0 Bill Demchak talked about PNC's BBVA deal, the economy, lending and more at the Goldman Sachs U.S. Financial Services Conference.

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Houston exec named successor for retiring PNC director of Community Development Banking https://houstonnewmedia.org/houston-exec-named-successor-for-retiring-pnc-director-of-community-development-banking/?utm_source=rss&utm_medium=rss&utm_campaign=houston-exec-named-successor-for-retiring-pnc-director-of-community-development-banking Mon, 08 Nov 2021 22:27:26 +0000 http://houstonnewmedia.org/?guid=45010ed0b558ae377ae088fc6cefb9ff The retiring exec played an integral role in developing PNC’s four-year, $88 billion Community Benefits Plan, announced in early 2021 in connection with the acquisition of BBVA USA.

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PNC completes BBVA USA conversion, can capitalize on cross-selling https://houstonnewmedia.org/pnc-completes-bbva-usa-conversion-can-capitalize-on-cross-selling/?utm_source=rss&utm_medium=rss&utm_campaign=pnc-completes-bbva-usa-conversion-can-capitalize-on-cross-selling Tue, 12 Oct 2021 19:53:31 +0000 http://houstonnewmedia.org/?guid=ca9283f296299d1e9057784d91962c0b The Pittsburgh-based bank is poised to make the most of being coast to coast.

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One of Pittsburgh’s biggest law firms closes Houston office 2 years after merger https://houstonnewmedia.org/one-of-pittsburghs-biggest-law-firms-closes-houston-office-2-years-after-merger/?utm_source=rss&utm_medium=rss&utm_campaign=one-of-pittsburghs-biggest-law-firms-closes-houston-office-2-years-after-merger Tue, 12 Oct 2021 12:58:48 +0000 http://houstonnewmedia.org/?guid=a2c08d128e8379dd161382b77aa30b32 Babst Calland entered Texas via a merger with a Houston-area firm in 2019.

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Conversion of BBVA USA branches, accounts to PNC underway https://houstonnewmedia.org/conversion-of-bbva-usa-branches-accounts-to-pnc-underway/?utm_source=rss&utm_medium=rss&utm_campaign=conversion-of-bbva-usa-branches-accounts-to-pnc-underway Mon, 11 Oct 2021 18:46:14 +0000 http://houstonnewmedia.org/?guid=5f20697a45bfce5e2d67af4ece7f518e Branches to closed as BBVA USA on Oct. 8 and will open Oct. 12 as PNC.

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PNC Bank raising its minimum pay rate after BBVA conversion https://houstonnewmedia.org/pnc-bank-raising-its-minimum-pay-rate-after-bbva-conversion/?utm_source=rss&utm_medium=rss&utm_campaign=pnc-bank-raising-its-minimum-pay-rate-after-bbva-conversion Mon, 30 Aug 2021 20:48:26 +0000 http://houstonnewmedia.org/?guid=64e61b522e40394a06bd4ff91d476872 PNC closed its acquisition of Houston-based BBVA USA Bancshares Inc. in June, but the conversion will take place in October. The minimum pay rate will increase after that.

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PNC 2Q all about BBVA USA, and maybe another dividend hike https://houstonnewmedia.org/pnc-2q-all-about-bbva-usa-and-maybe-another-dividend-hike/?utm_source=rss&utm_medium=rss&utm_campaign=pnc-2q-all-about-bbva-usa-and-maybe-another-dividend-hike Thu, 22 Jul 2021 12:36:22 +0000 http://houstonnewmedia.org/?guid=c92ba69df0521218cd6bb5f562be46af The $11.6 billion deal's quick close put PNC in "a fire drill" to act fast to reward shareholders.

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Here’s how BBVA USA acquisition impacted PNC’s Q2 earnings https://houstonnewmedia.org/heres-how-bbva-usa-acquisition-impacted-pncs-q2-earnings/?utm_source=rss&utm_medium=rss&utm_campaign=heres-how-bbva-usa-acquisition-impacted-pncs-q2-earnings Thu, 15 Jul 2021 12:41:11 +0000 http://houstonnewmedia.org/?guid=eafdf8a3b891267564d70352d43997df “We closed on our acquisition of BBVA USA earlier than anticipated, organically grew fee income, deployed excess liquidity through securities purchases and maintained solid credit quality metrics.”

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PNC expands cross-border payment capabilities, rebrands BBVA unit https://houstonnewmedia.org/pnc-expands-cross-border-payment-capabilities-rebrands-bbva-unit/?utm_source=rss&utm_medium=rss&utm_campaign=pnc-expands-cross-border-payment-capabilities-rebrands-bbva-unit Wed, 07 Jul 2021 16:00:00 +0000 http://houstonnewmedia.org/?guid=6a418835138fcaef32eaef6479c7c75a Pittsburgh bank says it can better serve clients doing business in Mexico, Central and South America and the Caribbean.

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PNC CEO Bill Demchak details BBVA acquisition from branches to border https://houstonnewmedia.org/pnc-ceo-bill-demchak-details-bbva-acquisition-from-branches-to-border/?utm_source=rss&utm_medium=rss&utm_campaign=pnc-ceo-bill-demchak-details-bbva-acquisition-from-branches-to-border Tue, 22 Jun 2021 12:16:37 +0000 http://houstonnewmedia.org/?guid=93a125a0c6dd954235da258687b5cd1a Here's why the deal tops PNC's last acquisition and the new door it opens.

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