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.
Triumph Commercial Finance added Jason Nichols as senior vice president and business development officer. Based in Dallas, Nichols is responsible for sourcing $5 million to $50 million asset-based and lender finance deals in the Southwest and Midwest regions.
PNC completed its acquisition of BBVA USA Bancshares, including its U.S. banking subsidiary, BBVA USA. Through this transaction, PNC is now the fifth largest U.S. commercial banking organization, with more $560 billion in assets.
The Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency provided regulatory approval of PNC’s previously announced acquisition of BBVA USA Bancshares, including its U.S. banking subsidiary, BBVA USA.
American Homes 4 Rent closed a $1.25 billion sustainability-linked revolving credit facility, amending its existing $800 million revolving credit facility. A total of 15 lenders participated in the facility, including Wells Fargo Bank as administrative agent.
Blue Racer Midstream completed an amendment and restatement of its existing revolving credit facility, providing up to $750 million of borrowing capacity and extending the facility’s maturity date by three years to 2025. Wells Fargo Securities acted as sole bookrunner for the facility.
The PNC Financial Services Group and the Spanish financial group, Banco Bilbao Vizcaya Argentaria, signed a definitive agreement for PNC to acquire BBVA USA Bancshares, including its U.S. banking subsidiary, BBVA USA, for a purchase price of $11.6 billion.
Bank of America arranged a new five-year amended and restated credit agreement for Titan Machinery. The credit agreement provides for an aggregate $250 million financing commitment.
BBVA USA named Orlando Castañeda BBVA USA McAllen City president, giving him leadership of all commercial operations in this Texas market.
BBVA USA has appointed Luis Ramirez to corporate banking manager in the Denver area, adding to a growing operation in the bank’s Colorado commercial team.