Today it was announced that pending regulatory approval, BBVA USA will be acquired by PNC, a top 10 financial services company headquartered in Pittsburgh, Pennsylvania.
What this means for BBVA USA customers
This is exciting news for our many stakeholders, but especially so for our customers as it means you can expect even more opportunities as part of an even larger U.S. financial institution. This includes the introduction of market-leading products, services and more.
What BBVA USA customers need to do
The period between today’s announcement and the close of the acquisition is expected to be anywhere from six to nine months or more. During that time, BBVA USA customers will continue to interact with the bank as they always have. In short, it’s business as usual for our customers which means that the retail branch, private banker or relationship manager you work with, will continue to be your primary point of contact.
How BBVA USA will communicate
We understand changes like this can cause anxiety. We want to assure you that BBVA USA and PNC are committed to working together throughout this process, and that we will provide ongoing, transparent and open communication so you know what to expect each step of the way. Thank you for your support and trust in BBVA USA. We value and appreciate your business and you have our commitment that we will walk through this process with you.
Javier Rodríguez Soler
President and CEO of BBVA USA