PNC completes $11.6 billion acquisition of BBVA, announces Alabama leadership

PNC completes $11.6 billion acquisition of BBVA, announces Alabama leadership
AL.com
1 hr ago
William Thornton, al.com
PNC Bank has named a new leadership team for Alabama following the company’s $11.6 billion acquisition of BBVA USA, and the bank says that Birmingham will become one of the combined company’s technology development centers.
Popular Searches
The purchase, the second-largest U.S. banking acquisition since the 2008 financial meltdown, was announced last November. BBVA has 89 locations in Alabama, while PNC currently has more than 50 branches. As a result of the merger, PNC will rank second in Alabama in deposit market share.
BBVA USA, though based in Houston, kept a significant presence in Birmingham through its technology operations. In 2019 BBVA coordinated its Birmingham tech presence with operations in Mexico and Spain, developing cyber security and other needs for the company.

Related Keywords

Mexico , Houston , Texas , United States , Alabama , Spain , Andrea Smith , Nick Willis , Katie Sharon , Louisr Cestello , Mark Taylor , Pnc Bank , Technology Center , Birmingham Technology Center , Rusty Shaw , Grey Yeager , மெக்ஸிகோ , ஹூஸ்டன் , டெக்சாஸ் , ஒன்றுபட்டது மாநிலங்களில் , அலபாமா , ஸ்பெயின் , ஆண்ட்ரியா ஸ்மித் , நிக் வில்லிஸ் , கேடீ ஷரோன் , குறி டெய்லர் , பஂக் வங்கி , தொழில்நுட்பம் மையம் , துருப்பிடித்தது ஷா ,