Subject to approval, the deal is expected to close in mid-2021. The all-cash deal represents almost 50% of BBVA’s current market capitalization.Īccording to the official announcement, the deal amount represents 19.7 times the earnings of BBVA US Bancshares in 2019, creating a significant value for the shareholders.

What You'll Need You will need the following information to complete the setup process. Already a PNC Online Banking user Sign On. Visit our Security and Privacy page to learn more about the various ways PNC protects you from fraud and identity theft. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. With PNC Bank's Online Banking, we strive to protect your personal and financial information. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. To put it simply, it is the act or process of acquiring or gaining. Interest on all PNC Bank Fixed Rate CDs is.

The deal is the second-largest US banking AcquisitionĪcquisition means acquiring or taking possession or the securing of property, services, or abilities. Yet there are other online banks that pay substantially higher rates with lower opening deposit requirements. Pittsburgh-based PNC Financial Services Group.

Headquartered in Houston, Texas, BBVA USA Bancshares are operating in Texas, Alabama, Florida, California, and New Mexico. 12, PNC’s big deal becomes very real in a way that moving from the nation’s seventh-biggest bank to No.

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