PNC Bank: Difference between revisions
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'''PNC Bank''' is a Pittsburgh, Pennsylvania-based | '''PNC Bank''' is the banking division of the '''PNC Financial Services Group''', a Pittsburgh, Pennsylvania-based company which entered the [[Birmingham]] market through acquisitions. Its Northern and Central Alabama division operates from administrative offices on the 9th floor of [[One Federal Place]], having relocated in [[2020]] from the [[Woodward Building]]. [[Nick Willis]] was named the regional division president in [[2017]]. | ||
In [[2011]] PNC Bank acquired [[RBC Bank]], the Raleigh, North Carolina-based US subsidiary of the Royal Bank of Canada for $3.62 billion. RBC Bank had bought branches in [[Tuscaloosa]], Huntsville and Mobile out of the [[2006]] [[AmSouth Bank|AmSouth]]/[[Regions Bank|Regions]] merger, and had acquired [[Alabama National BanCorp]]'s former [[First American Bank]], a successor to the original [[National Bank of Commerce]]. | |||
In | In June [[2021]], PNC Bank acquired [[BBVA]], the Houston, Texas-based US division of Spain's '''Banco Bilbao Vizcaya Argentaria''' for $11.6 billion. BBVA had purchased Birmingham's [[Compass Bank]] in [[2007]] and initially used Birmingham as the headquarters of its US operations. The bank maintained significant administrative and technical operations in Birmingham, split between the [[Daniel Building]] and the [[Harry B. Brock Administrative Center]] in [[Lakeview]]. With the acquisition, PNC became the 5th largest bank in the United States with $560 billion in assets. | ||
PNC Bank announced that it would add the Brock Service Center in Birmingham to its cadre of "technology centers" to help serve its growing regional presence. BBVA accounts were transitioned to PNC Bank by October 2021. Prior to the transition, PNC announced that it was raising its minimum wage from $15 to $18 per hour. | |||
In [[2023]] PNC Financial Services Group made a bid to acquire the failed First Republic Bank of San Francisco, California at auction from the FDIC. JPMorgan Chase and Co. submitted the winning bid. | |||
==Locations== | |||
* current locations | |||
** 707 [[Richard Arrington Jr Boulevard South]], [[Five Points South]] | |||
** 1908 [[29th Avenue South Homewood]], [[Homewood]] | |||
** [[One Federal Place]], 1819 [[5th Avenue North]], [[Downtown Birmingham]] | |||
** 198 [[Green Springs Highway]], [[Homewood]] | |||
** 505 [[20th Street North]], [[Downtown Birmingham]] | |||
** 1668 [[Montclair Road]], [[Eastwood]] | |||
** 201 [[Gate Farm Parkway]], [[Wildwood]] | |||
** 89 [[Euclid Avenue]], [[Crestline Village]] | |||
** 1611 [[Montgomery Highway (Hoover)|Montgomery Highway]], [[Hoover]] | |||
** 1789 [[Montgomery Highway (Hoover)|Montgomery Highway]], [[Riverchase]] | |||
** 5576 [[Grove Boulevard]], [[Hoover]] | |||
** 3501 [[Roosevelt Boulevard]], [[Tutwiler Farm]] | |||
** 105 [[Doug Baker Boulevard]], [[Lee Branch]] | |||
** 104 [[Inverness Plaza]], [[Inverness]] | |||
** 1916 [[Veterans Memorial Drive]], [[Forestdale]] | |||
** 1151 [[Bankhead Highway]], [[Westgate]] | |||
** 3960 [[Crosshaven Drive]], [[Cahaba Heights]] | |||
** 7925 [[Parkway Drive]], [[Leeds]] | |||
** 3080 [[Pelham Parkway]], [[Pelham]] | |||
** 10745 [[Alabama State Highway 119]], [[Alabaster]] | |||
** 801 [[Noble Street]], [[Anniston]] | |||
** 199 [[Bessemer Super Highway]], [[Midfield]] | |||
** 1719 [[4th Avenue North Bessemer|4th Avenue North]], [[Bessemer]] | |||
** 3059 [[Allison Bonnet Memorial Drive]], [[Hueytown]] | |||
** 1713 Alabama Avenue, [[Jasper]] | |||
** 1715 2nd Avenue Southwest, [[Cullman]] | |||
** 308 Martin Street North, [[Pell City]] | |||
** 6384 [[U.S. Highway 11]], [[Springville]] | |||
** 409 Battle Street East, [[Talladega]] | |||
** 601 Broad Street, [[Gadsden]] | |||
** 720 Quintard Drive, [[Oxford]] | |||
** 2390 [[McFarland Boulevard]], [[Tuscaloosa]] | |||
** 630 [[University Boulevard (Tuscaloosa)|University Boulevard]], [[Tuscaloosa]] | |||
** 3076 [[McFarland Boulevard]], [[Northport]] | |||
** 300 2nd Avenue East, [[Oneonta]] | |||
** 100 5th Street East, [[Warrior]] | |||
** 102 West Rosa Parks Avenue, [[Tuskegee]] | |||
* former locations | |||
** 2720 [[John Hawkins Parkway]], [[Hoover Promenade]], [[Hoover]] (2015–2021) | |||
** 9648 [[Parkway East]], [[Roebuck neighborhood|Roebuck]] (closed July 2023) | |||
** 5576 [[Grove Boulevard]], [[The Grove]], [[Gardendale]] (closed July 2023) | |||
== References == | == References == | ||
* Coker, Angel (July 29, 2019) "PNC to relocate Alabama regional headquarters." {{BBJ}} | |||
* Coker, Angel (February 14, 2020) "PNC Alabama leader on new HQ, branches and more." {{BBJ}} | |||
* "PNC to buy BBVA's U.S. operations for $11.6B." (November 16, 2020) {{BBJ}} | * "PNC to buy BBVA's U.S. operations for $11.6B." (November 16, 2020) {{BBJ}} | ||
* Thornton, William (November 17, 2020) "What does PNC’s acquisition of BBVA mean for Birmingham." {{BN}} | * Thornton, William (November 17, 2020) "What does PNC’s acquisition of BBVA mean for Birmingham." {{BN}} | ||
* Thornton, William (June 2, | * Thornton, William (June 2, 2021) "PNC completes $11.6 billion acquisition of BBVA, announces Alabama leadership." {{BN}} | ||
* Thornton, William (June 3, 2021) 'PNC’s new Alabama regional president: What $11.6 billion BBVA merger means for Birmingham." {{BN}} | |||
* Coker, Angel (July 20, 2021) "PNC to close, consolidate additional branches related to BBVA USA acquisition." {{BBJ}} | |||
* Thornton, William (August 30, 2021) "PNC boosting minimum pay to $18 an hour." {{BN}} | |||
* Tascarella, Patty (April 28, 2023) "PNC closing 30 more branches nationwide, including two in metro area." ''Pittsburgh Business Times'' / {{BBJ}} | |||
* Thornton, William (May 1, 2023) "PNC Bank reportedly tried to buy failed First Republic Bank in FDIC auction." {{AL}} | |||
==External links== | |||
* [https://www.pnc.com/ PNC Bank] website | |||
[[Category:Banks]] | [[Category:Banks]] | ||
[[Category:Woodward Building]] | |||
[[Category:One Federal Place]] |
Latest revision as of 16:04, 4 January 2024
PNC Bank is the banking division of the PNC Financial Services Group, a Pittsburgh, Pennsylvania-based company which entered the Birmingham market through acquisitions. Its Northern and Central Alabama division operates from administrative offices on the 9th floor of One Federal Place, having relocated in 2020 from the Woodward Building. Nick Willis was named the regional division president in 2017.
In 2011 PNC Bank acquired RBC Bank, the Raleigh, North Carolina-based US subsidiary of the Royal Bank of Canada for $3.62 billion. RBC Bank had bought branches in Tuscaloosa, Huntsville and Mobile out of the 2006 AmSouth/Regions merger, and had acquired Alabama National BanCorp's former First American Bank, a successor to the original National Bank of Commerce.
In June 2021, PNC Bank acquired BBVA, the Houston, Texas-based US division of Spain's Banco Bilbao Vizcaya Argentaria for $11.6 billion. BBVA had purchased Birmingham's Compass Bank in 2007 and initially used Birmingham as the headquarters of its US operations. The bank maintained significant administrative and technical operations in Birmingham, split between the Daniel Building and the Harry B. Brock Administrative Center in Lakeview. With the acquisition, PNC became the 5th largest bank in the United States with $560 billion in assets.
PNC Bank announced that it would add the Brock Service Center in Birmingham to its cadre of "technology centers" to help serve its growing regional presence. BBVA accounts were transitioned to PNC Bank by October 2021. Prior to the transition, PNC announced that it was raising its minimum wage from $15 to $18 per hour.
In 2023 PNC Financial Services Group made a bid to acquire the failed First Republic Bank of San Francisco, California at auction from the FDIC. JPMorgan Chase and Co. submitted the winning bid.
Locations
- current locations
- 707 Richard Arrington Jr Boulevard South, Five Points South
- 1908 29th Avenue South Homewood, Homewood
- One Federal Place, 1819 5th Avenue North, Downtown Birmingham
- 198 Green Springs Highway, Homewood
- 505 20th Street North, Downtown Birmingham
- 1668 Montclair Road, Eastwood
- 201 Gate Farm Parkway, Wildwood
- 89 Euclid Avenue, Crestline Village
- 1611 Montgomery Highway, Hoover
- 1789 Montgomery Highway, Riverchase
- 5576 Grove Boulevard, Hoover
- 3501 Roosevelt Boulevard, Tutwiler Farm
- 105 Doug Baker Boulevard, Lee Branch
- 104 Inverness Plaza, Inverness
- 1916 Veterans Memorial Drive, Forestdale
- 1151 Bankhead Highway, Westgate
- 3960 Crosshaven Drive, Cahaba Heights
- 7925 Parkway Drive, Leeds
- 3080 Pelham Parkway, Pelham
- 10745 Alabama State Highway 119, Alabaster
- 801 Noble Street, Anniston
- 199 Bessemer Super Highway, Midfield
- 1719 4th Avenue North, Bessemer
- 3059 Allison Bonnet Memorial Drive, Hueytown
- 1713 Alabama Avenue, Jasper
- 1715 2nd Avenue Southwest, Cullman
- 308 Martin Street North, Pell City
- 6384 U.S. Highway 11, Springville
- 409 Battle Street East, Talladega
- 601 Broad Street, Gadsden
- 720 Quintard Drive, Oxford
- 2390 McFarland Boulevard, Tuscaloosa
- 630 University Boulevard, Tuscaloosa
- 3076 McFarland Boulevard, Northport
- 300 2nd Avenue East, Oneonta
- 100 5th Street East, Warrior
- 102 West Rosa Parks Avenue, Tuskegee
- former locations
- 2720 John Hawkins Parkway, Hoover Promenade, Hoover (2015–2021)
- 9648 Parkway East, Roebuck (closed July 2023)
- 5576 Grove Boulevard, The Grove, Gardendale (closed July 2023)
References
- Coker, Angel (July 29, 2019) "PNC to relocate Alabama regional headquarters." Birmingham Business Journal
- Coker, Angel (February 14, 2020) "PNC Alabama leader on new HQ, branches and more." Birmingham Business Journal
- "PNC to buy BBVA's U.S. operations for $11.6B." (November 16, 2020) Birmingham Business Journal
- Thornton, William (November 17, 2020) "What does PNC’s acquisition of BBVA mean for Birmingham." The Birmingham News
- Thornton, William (June 2, 2021) "PNC completes $11.6 billion acquisition of BBVA, announces Alabama leadership." The Birmingham News
- Thornton, William (June 3, 2021) 'PNC’s new Alabama regional president: What $11.6 billion BBVA merger means for Birmingham." The Birmingham News
- Coker, Angel (July 20, 2021) "PNC to close, consolidate additional branches related to BBVA USA acquisition." Birmingham Business Journal
- Thornton, William (August 30, 2021) "PNC boosting minimum pay to $18 an hour." The Birmingham News
- Tascarella, Patty (April 28, 2023) "PNC closing 30 more branches nationwide, including two in metro area." Pittsburgh Business Times / Birmingham Business Journal
- Thornton, William (May 1, 2023) "PNC Bank reportedly tried to buy failed First Republic Bank in FDIC auction." AL.com
External links
- PNC Bank website