PNC Completes Conversion of BBVA Branches as Part of Acquisition
OCT 13, 2021 - 6:18 am
PNC Financial Services Group completed the conversion of 2.6 million customers, 9,000 employees and nearly 600 branches across seven states from BBVA USA to PNC Bank. BBVA USA branches in Texas, Alabama, Arizona, California, Florida, Colorado and New Mexico reopened Oct. 12 as PNC Bank locations.
“Since the announcement of our definitive agreement last November, we have been looking forward to today and to introducing PNC as a strong national competitor in all areas of our business,” William S. Demchak, chairman, president and CEO of PNC, said. “To have achieved this milestone in less than a year is noteworthy and is thanks to the tireless collaboration between PNC and BBVA USA teams. Beginning today, we move forward together as PNC Bank, extending our Main Street model by offering our innovative products and services to even more clients and customers across the country, supporting our new and expanded communities and, ultimately, building and growing strong relationships.”
Bankruptcy filing statistics are important, but they only scratch the surface when it comes to assessing overall trends in the world of distressed businesses. Gregg Morin identifies some of the other metrics that matter and delves into what they’ve shown... read more
Being a leader in today’s equipment finance industry takes a sense of purpose, advocating for oneself and being flexible. Amy Gross, executive vice president of the commercial vendor and government divisions at Key Equipment Finance, says being a parent while... read more