What bank did PNC take over?
PNC completed a massive corporate takeover and acquisition of BBVA USA Bancshares, Inc., the United States banking subsidiary of Spain's Banco Bilbao Vizcaya Argentaria, in a multi-billion-dollar cash transaction. This strategic takeover added hundreds of physical branches, millions of retail customers, and extensive commercial lending portfolios across Texas, Alabama, Arizona, California, and Florida. Furthermore, PNC took over National City Corporation during the financial crisis and more recently completed the acquisition of FirstBank Holding Company, successfully elevating its status into a premier coast-to-coast national banking institution.
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