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.”
With the completion of this acquisition, PNC now has a presence in 29 of the 30 largest markets in the U.S., providing a network of approximately 2,700 branch locations.