PNC Bank: Difference between revisions
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'''PNC Bank''' is a Pittsburgh, Pennsylvania-based | '''PNC Bank''' is the banking division of The PNC Financial Services Group, a Pittsburgh, Pennsylvania-based company which acquired [[BBVA]], the Houston, Texas-based US division of Spain's '''Banco Bilbao Vizcaya Argentaria''', for $11.6 billion in June [[2021]]. BBVA accounts were transitioned to PNC Bank by October of that year. | ||
With the acquisition, PNC became the 5th largest bank in the United States with $ | With the acquisition, PNC became the 5th largest bank in the United States with $560 billion in assets. | ||
In addition to operating former BBVA branches in the [[Birmingham District]], PNC Bank maintains a heavy technology presence at its [[PNC Bank Birmingham Technology Center|Birmingham Technology Center]]. The bank also operates technology centers in Pittsburgh and Cleveland, Ohio. | In addition to operating former BBVA branches in the [[Birmingham District]], PNC Bank maintains a heavy technology presence at its [[PNC Bank Birmingham Technology Center|Birmingham Technology Center]]. The bank also operates technology centers in Pittsburgh and Cleveland, Ohio. Local operations are overseen by [[Nick Willis]], president of PNC's Northern and Central Alabama division since [[2017]]. | ||
== References == | == References == | ||
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* Thornton, William (November 17, 2020) "What does PNC’s acquisition of BBVA mean for Birmingham." {{BN}} | * Thornton, William (November 17, 2020) "What does PNC’s acquisition of BBVA mean for Birmingham." {{BN}} | ||
* Thornton, William (June 2, 2020) "PNC completes $11.6 billion acquisition of BBVA, announces Alabama leadership." {{BN}} | * Thornton, William (June 2, 2020) "PNC completes $11.6 billion acquisition of BBVA, announces Alabama leadership." {{BN}} | ||
==External links== | |||
* [https://www.pnc.com/ PNC Bank] website | |||
[[Category:Banks]] | [[Category:Banks]] | ||
Revision as of 15:06, 2 June 2021
PNC Bank is the banking division of The PNC Financial Services Group, a Pittsburgh, Pennsylvania-based company which acquired BBVA, the Houston, Texas-based US division of Spain's Banco Bilbao Vizcaya Argentaria, for $11.6 billion in June 2021. BBVA accounts were transitioned to PNC Bank by October of that year.
With the acquisition, PNC became the 5th largest bank in the United States with $560 billion in assets.
In addition to operating former BBVA branches in the Birmingham District, PNC Bank maintains a heavy technology presence at its Birmingham Technology Center. The bank also operates technology centers in Pittsburgh and Cleveland, Ohio. Local operations are overseen by Nick Willis, president of PNC's Northern and Central Alabama division since 2017.
References
- "PNC to buy BBVA's U.S. operations for $11.6B." (November 16, 2020) Birmingham Business Journal
- Thornton, William (November 17, 2020) "What does PNC’s acquisition of BBVA mean for Birmingham." The Birmingham News
- Thornton, William (June 2, 2020) "PNC completes $11.6 billion acquisition of BBVA, announces Alabama leadership." The Birmingham News
External links
- PNC Bank website