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PNC Bank completes purchase of BBVA USA bank with El Paso, Las Cruces branches


This story was updated to include PNC appointments of regional executive leaders.
PNC Bank s parent company Tuesday completed its $11.5 billion acquisition of BBVA USA bank, which has seven branches in the El Paso area and two in Las Cruces.
The deal makes PNC, based in Pittsburgh, the fifth largest U.S. banking organization with more than $560 billion in assets and more than 2,700 branches across the country, according to PNC information.
The BBVA name and operations will remain the same until the two banks merge their banking operations, which is expected to occur in October, according to a PNC press release. ....

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