PNC Bank

This is the sign on a PNC Bank branch in downtown Pittsburgh, Sunday, May 31, 2020. (AP Photo/Gene J. Puskar)

PHOENIX (3TV/CBS 5) -- Those who have relocated from the Midwest, the South, and the East Coast, rejoice! PNC Bank, a familiar financial services group typically found east of the Mississippi River, will soon be extending its branches to Arizona.

PNC Bank announced on June 1 the completion of its acquisition of BBVA USA, which operates 39 branches within the Phoenix metro area and has branches in 27 cities across Arizona. The purchase will make PNC Bank the fifth largest banking organization in the country, with $560 billion in assets.

"Our acquisition of BBVA USA accelerates our national expansion and positions us to increase shareholder value over time by bringing our industry-leading technology and innovative products and services to new markets and clients," said William S. Demchak, PNC's chairman, president, and chief executive officer. "We are grateful to our thousands of colleagues across the combined organization who have worked tirelessly to help achieve this major milestone. With a shared commitment to serving our customers and supporting the communities where we live and work, together we will build on this strong combination for years to come."

Bank systems and branches will be converted sometime in October. Until then, PNC officials say current PNC and BBVA USA customers can continue to visit or use PNC ATMS or BBVA USA branches, websites, and mobile apps. PNC and BBVA USA account holders now have withdrawal access to PNC-owned ATMs and BBVA-owned ATMs coast-to-coast with no surcharge fee, according to PNC Bank.

BBVA USA customers will receive comprehensive information from PNC Bank before the full banking and branch conversion in October. For BBVA USA branch locations, click here. For current PNC Bank or ATM locations, click here.


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