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.
BBVA USA hired Luisa Gavino Martinez as its new Commercial Relationship Manager. She will be responsible for managing and developing a robust portfolio of commercial and Global Wealth clients in the Austin, TX market.
BBVA USA named Kevin McMahon as its new U.S. head of Engineering, where he will be responsible for the company’s overall information technology strategy.