PNC Bank opens two locations in Tarrant County as it prepares for acquisition of BBVA branches

PNC Bank Mansfield courtesy

PNC Bank has opened two more locations in Tarrant County – one in S. Arlington and one in Mansfield. The two locations also follow the new “Solution Center” model that PNC Bank unveiled last year, which looks to marry the in-person banking experience with the bank’s digital platform. Both of these locations will feature a self-service banking kiosk, state-of-the-art technology and gathering spaces that simulate a kitchen table conversation.

The Solution Centers feature:

  • PNC ATM and Banking Kiosk – Self-service capabilities for deposits, withdrawals and other bank transactions;
  • Advanced Technology – Screen-mirroring capabilities from customers’ phones or tablets, projecting to large plasma screens for hands-on demonstrations of PNC apps or a guided digital experience; 
  • Work Stations of the Future – Flexibility for customers to work with PNC bankers, on tablets or mobile devices, wherever they are most comfortable within the Solution Center;
  • PNC Video Banker – Access to a teller and expanded transaction types through a dynamic in-branch video experience.

The bank’s newest locations in the market open just weeks after the introduction of PNC’s new Low Cash Mode digital offering, which addresses the $17 billion that some studies estimate that U.S. consumers pay each year in overdraft fees. Through Low Cash Mode, PNC seeks to help its customers avoid overdraft fees through greater account transparency and control to manage through low-cash moments or mis-timed payments.

Low Cash Mode is currently available to customers in North Texas through Virtual Wallet Checking Pro, a bank account and money management solution that easily enables consumers to manage their finances. 

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PNC Financial Services Group in November announced a plan to acquire the U.S. subsidiary of Spain’s BBVA bank for $11.6 billion in cash.

BBVA’s U.S. operations, which are based in Houston, have $104 billion in assets and operate 637 branches, mainly in the south and southwest of the country.

PNC, based in Pittsburgh, Pennsylvania, is largely a regional bank and the deal would give it a presence across the U.S. Mergers and acquisitions of big banks have declined greatly since the financial crisis in 2008. Regional banks face stiffer competition now from big national banks and have been hurt more than larger banks by low interest rates.

The acquisition was approved by U.S. regulators on May 14 and is anticipated to close June 1. Upon closing, PNC will be the fifth largest U.S. commercial bank with over $560 billion in assets and a presence in 29 of the 30 largest markets in the U.S.

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BBVA operates 649 branches, including 336 in Texas, 89 in Alabama, 63 in Arizona, 61 in California, 45 in Florida, 37 in Colorado and 18 in New Mexico. Many of those Texas branches are in North Texas.