PNC puts bow on BBVA acquisition

PITTSBURGH — PNC Financial Services Group Inc. (NYSE: PNC) completed its $11.6 billion acquisition of BBVA USA Bancshares Inc. as of Tuesday.

BBVA, which had about $104 billion in assets, operated 637 branches in Texas, Alabama, Arizona, California, Florida, Colorado and New Mexico. Locally, the bank had locations in Boulder, Fort Collins, Greeley, Lafayette, Longmont, Loveland and Westminster.

PNC now holds $5.6 trillion in assets and is the fifth largest commercial bank in the United States. The BBVA deal gives PNC a coast-to-coast bank branch footprint.

“Our acquisition of BBVA USA accelerates our national expansion and positions us to increase shareholder value over…