Larrimer to Retire as PNC’s Head of Retail Banking and Chief Customer Officer

Karen Larrimer, head of retail banking and chief customer officer at PNC, will retire after more than 27 years with the bank. Alex Overstrom, PNC’s current head of small business and deputy head of retail banking, will assume responsibility for leading the retail banking line of business.

May 27, 2022 Alex Overstrom | Karen Larrimer | PNC Bank | William S. Demchak 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 Completes Acquisition of BBVA USA

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.

June 2, 2021 BBVA USA | BBVA USA Bancshares | PNC | William S. Demchak 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 Promotes Senior Technology Executives Guild and Krishnan

PNC expanded the leadership roles of Deborah Guild, chief security officer, and Ganesh Krishnan, corporate and institutional bank (C&IB) and staff service technology chief information officer.

November 23, 2020 Deborah Guild | Ganesh Krishnan | PNC | Steve Van Wyk | William S. Demchak 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

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

PNC Commits More Than $1B to End Systemic Racism, Support Economic Empowerment

PNC committed more than $50 million in charitable support for national and local work that will help eliminate systemic racism and more than $1 billion in community development financing and capital for neighborhood revitalization, consumers and small businesses.

June 19, 2020 PNC | William S. Demchak Phil Neuffer

PNC Adds Three New Members to Board of Directors

PNC Financial Services increased the number of directors on its board to 14 and appointed three new members: Joseph Alvarado, Richard Harshman and Toni Townes-Whitley.

January 4, 2019 Joseph Alvarado | PNC Financial Services | Richard Harshman | Toni Townes-Whitley | William S. Demchak Amanda Koprowski

PNC Financial Services Names Parsley COO

PNC Financial Services named E. William Parsley III chief operating officer, effective immediately.

February 23, 2018 E. William Parsley III | Gagan Singh | PNC Financial Services | Randall C. King | William S. Demchak ABF Journal