FED – FED announces approval of applications by The PNC Financial Services Group, Inc. & PNC Bancorp, Inc.


Please enable JavaScript if it is disabled in your browser or access the information through the links provided below.

May 14, 2021

FED announces approval of applications by The PNC Financial Services Group, Inc. & PNC Bancorp, Inc.

For release at 5:00 p.m. EDT

The FED on Friday announced its approval of the applications under section 3 of the Bank Holding Company Act of 1956 by (1) The PNC Financial Services Group, Inc., Pittsburgh, Pennsylvania, to acquire BBVA USA Bancshares, Inc., Houston, Texas, & thereby indirectly acquire its subsidiary state member bank, BBVA USA, Birmingham, Alabama, & (2) PNC Financial’s subsidiary, PNC Bancorp, Inc., Wilmington, Delaware, to acquire BBVA USA.

Attached is the Board’s order relating to this action.

For media inquiries, call 202-452-2955.

Last Update:
May 14, 2021

Source: Federal Reserves

Submit press release posts on Lingoexp.com!

Leave a Reply

Your email address will not be published. Required fields are marked *