Sometime soon, teams of sign-company workers will return to the bank branches where they installed beautiful new bright blue BBVA signage last year to replace the Compass signs. This time they'll be replacing the BBVA signs.
No, no spelling errors or wrong colors, but PNC has taken over BBVA, so the signs BBVA installed to replace the old Compass signs, will be replaced with PNC signs...unless PNC opts to close some branches.
The $11.6 Billion deal closed early in June, reports PNC:
We will be communicating with customers well in advance of the conversion to ensure a smooth transition. PNC has extensive experience with successful acquisitions and integrations. Clients and employees are at the forefront of PNC’s planning. You can feel comfortable knowing that PNC and BBVA USA leadership and integration teams are working closely to make sure we plan appropriately and have the proper resources in place to manage the conversion and post-conversion efforts.
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