PNC’s acquisition of BBVA banks still pending

As a major banking merger awaits regulatory approval five months after being announced, its impact on customers in the Boulder Valley and Northern Colorado remains undefined.

Pittsburgh-based PNC Financial Services Group Inc. (NYSE: PNC) said in November that it had entered into an agreement to purchase Houston-based BBVA USA Bancshares Inc. (NYSE and MAD: BBVA) and its U.S. banking subsidiary, Birmingham, Alabama-based BBVA USA, for $11.6 billion in cash, in a move that would expand PNC’s footprint from coast to coast, give it a presence in 29 of the country’s 50 largest markets, and make it the nation’s fifth largest bank…