Done deal: PNC completes $11.6B BBVA USA acquisition
PNC is officially the nation’s fifth-largest bank.
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Building "Bridges" Across the Bayou City!
PNC is officially the nation’s fifth-largest bank.
Read MoreAfter opening 11 branches in Texas, BBVA USA has two more in the hopper.
Read MoreThe deal was announced last November and originally expected to be completed in the third quarter. It’s now set to close early.
Read MorePNC developed the Community Benefits Plan in connection with the pending $11.6 billion acquisition of Houston-based BBVA USA Bancshares Inc., which will extend PNC’s footprint across the country.
Read MoreThe Credit Suisse Virtual Financial Services Forum chat encompassed multiple topics including the economy, but the BBVA deal, PNC’s first bank purchase since 2012, and the Pittsburgh-based financial institution’s path to becoming a national bank were h…
Read MoreLudwick has been Bank of America’s Pittsburgh market president since December 2017.
Read MoreAs pandemic rages, small businesses are eager for forgivable loans, but the deadline is March 31 and PPP has yet to launch.
Read MoreMore acquisitions are likely for Pittsburgh-based PNC after spending $11.6 billion to buy BBVA USA.
Read MoreBill Demchak, PNC’s chairman, president and CEO, said “cash mattered,” and the right environment led to the deal. The plan is to “grow this aggressively” through continued investment and cross-selling. PNC expects to realize gains from taking product o…
Read MoreHere’s where Pittsburgh’s biggest bank is adding locations.
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