BBVA | The digital bank of the 21st century (2024)

FAQs

Does BBVA still exist in the US? ›

In June 2019, BBVA Compass was renamed BBVA USA. On June 1, 2021 the company was acquired by PNC Financial Services.

Completion of Largest Conversion in Bank's History

The simultaneous conversion of BBVA USA customers and employees to PNC's network and platforms was completed, and BBVA USA branches in Texas, Alabama, Arizona, California, Florida, Colorado and New Mexico reopened October 12, as PNC Bank locations.

BBVA is the winner in four categories of the 2022 Euromoney Awards for Excellence. The bank is 'Western Europe's Best Digital Bank,' 'Latin America's Best Bank for Corporate Responsibility,' 'Mexico's Best Bank' and 'Mexico's Best Investment Bank. '

BBVA said in January that it would be shutting down Simple later in 2021. The decision came from the company “reassessing its goals” as part of a planned sale to PNC Bank, which reached an agreement to acquire BBVA's US operations in November 2020. The acquisition has not yet closed.

BBVA. With the BBVA app or website, you can open a Mexican bank account from the United States using your phone or tablet. Some of the advantages of a BBVA remote account are: Cash withdrawals using the app.

An acquisition which significantly accelerates its national expansion strategy, PNC Financial Services Group, Inc. has acquired the US subsidiary of Spanish financial group Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) in a deal valued at $11.6bn.

With the transaction, BBVA will have additional flexibility to invest in its markets and increase distributions to shareholders, with a sizeable buyback (5) as an attractive option at current share prices.

The Probability of Bankruptcy of PNC Financial Services Group Inc (PNC) is 5.4% . This number represents the probability that PNC will face financial distress in the next 24 months given its current fundamentals and market conditions.

This website contains forward-looking statements regarding our outlook or expectations with respect to the acquisition of BBVA USA Bancshares, Inc., the combination of BBVA USA Bancshares, Inc. into PNC and BBVA USA into PNC Bank, and the impact of the transaction on PNC's future performance.

Banco Bilbao Vizcaya Argentaria, S.A. (Spanish pronunciation: [ˈbaŋko βilˈβao βiθˈkaʝa aɾxenˈtaɾja]), better known by its initialism BBVA, is a Spanish multinational financial services company based in Madrid and Bilbao, Spain.

Does BBVA have online banking? ›

Sign up online without going to your BBVA branch

Now you can contract, contribute to, or transfer investment funds from your cell phone. Filter and choose the best option for you.

Conventional banks generally have physical infrastructure in the form of branch offices, ATM machines and customer service centers. Meanwhile, digital banks focus on digital infrastructure by offering fully online services.

The BBVA Group closed today the sale of its U.S. subsidiary to The PNC Financial Services Group, Inc., announced in November 2020.

Pittsburgh-based PNC Bank closed its acquisition of BBVA's American banking business in June, and BBVA customers who haven't already seen changes to their deposit, credit or investment accounts should experience them by early October.

In February 2004, BBVA bought the remaining shares of Bancomer S.A.'s public stock to take complete ownership of the bank. BBVA México serves over 11 million customers, has 1,704 bank locations, and 4,286 ATMs. It currently operates as fully owned subsidiary of Spanish BBVA Group.

PITTSBURGH, June 1, 2021 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today announced the completion of its acquisition of BBVA USA Bancshares, Inc., including its U.S. banking subsidiary BBVA USA.

Overview of BBVA's U.S. Presence

BBVA has approximately 10,800 employees in the U.S. and its U.S. assets represent approximately 12% of total assets. BBVA wholly owns BBVA Compass Bancshares, Inc.

BBVA is one of the Spanish banks with the broadest international presence in the world. This allows you to speed up the timelines for many of your operations. We also have an extensive network of correspondent banks. These banks act as intermediaries in those countries where we do not have a direct presence.