For PNC Financial, the US’s inaugural best super-regional bank, 2021 was a landmark year in a decade-long national expansion under chief executive Bill Demchak.
In early June last year, the bank completed its acquisition of BBVA USA, after receiving regulatory approval in May. The acquisition made it the country’s fifth-largest commercial bank, accelerating its national expansion and taking total assets to $560 billion. It moved to convert BBVA’s systems and branches later in the year.
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