PNC Expands Environmental Finance Pledge to $30B

PNC Financial Services Group announced the expansion of its environmental finance commitment to $30 billion. The bank initially announced in August 2021 a commitment of $20 billion over five years in support of environmental finance.

January 17, 2023 Michael P. Lyons | PNC Financial Services Group Ian Koplin

PNC Financial Services Acquires Linga

PNC Financial Services Group acquired Linga, a point of sale and payments solutions firm providing a cloud-based restaurant operating system. Linga will continue to manage its portfolio of channel partners and clients.

September 27, 2022 Emma Loftus | Linga | Onur Haytac | PNC Financial Services Group Ian Koplin

Evoqua Activates ESG-Linked Adjustment Feature Under $350MM Revolving Credit Facility

Evoqua Water Technologies activated the sustainability-linked adjustment feature available under its $350 million revolving credit facility as part of the company’s continued commitment to integrating sustainability performance into its business strategy.

March 1, 2022 BNP Paribas | Citizens Financial Group | Credit Suisse Group | ING Bank | JPMorgan Chase | MUFG Union Bank | PNC Financial Services Group | Royal Bank of Canada | The Bank of Montreal | The Goldman Sachs Group Ian Koplin

PNC Completes Conversion of BBVA Branches as Part of Acquisition

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.

October 13, 2021 BBVA USA | PNC Bank | PNC Financial Services Group | William S. Demchak Ian Koplin

PNC Pledges $20B to Support Environmental Finance

PNC is committing $20 billion over five years in support of environmental finance. This commitment is an extension of PNC’s support for accelerating the transition to a low-carbon economy.

August 19, 2021 Kristi Eberhardt | PNC Financial Services Group | Richard Bynum Ian Koplin

Federal Reserve, OCC Approve PNC’s Acquisition of BBVA

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.

May 17, 2021 BBVA USA | Federal Reserve System | Office of the Comptroller of the Currency | PNC Financial Services Group | William S. Demchak Ian Koplin

PNC Asset Management Group Names Agati CIO

Amanda Agati will succeed Mark McGlone as chief investment officer of PNC Asset Management Group, effective April 9, upon McGlone’s retirement following a 40-year career.

March 4, 2021 Amanda Agati | Carole Brown | Dan Brady | Mark McGlone | Nick Ashburn | PNC Asset Management Group | PNC Financial Services Group Phil Neuffer

PNC Agrees to Acquire BBVA USA for $11.6B

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.

November 16, 2020 Banco Bilbao Vizcaya Argentaria | Bank of America | BBVA USA | BBVA USA Bancshares | Carlos Torres Vila | Citi | Evercore | J.P. Morgan Securities | PNC Financial Institutions Advisory | PNC Financial Services Group | Sullivan & Cromwell | Wachtell Lipton Rosen & Katz | William S. Demchak Ellie Delany

Bank of America Business Capital Names Moss National Marketing Manager

Bank of America added Adam Moss as a national marketing manager. Moss most recently served as the head of asset-based lending loan sales and distribution for debt capital markets at PNC Financial Services Group.

November 4, 2020 Adam Moss | Bank of America Business Capital | PNC Financial Services Group Ellie Delany

PNC Financial Services Group Appoints Brown and Bynum to Executive Committee

The PNC Financial Services Group added two new members to its executive committee. Carole Brown will be head of PNC’s asset management group (AMG) and Richard K. Bynum will serve in the newly created role of chief corporate responsibility officer.

July 8, 2020 Carole Brown | D. Jermaine Johnson | PNC Financial Services Group | Richard K. Bynum | William S. Demchak Phil Neuffer