PNC names North Florida leadership team following BBVA acquisition (Courtesy of the Jacksonville Business Journal) — PNC — now the fifth largest commercial bank in the U.S. — has named its North Florida market leadership team after completing the acquisition of Birmingham, Alabama-based BBVA USA Bancshares on Tuesday.
PNC’s Brian Bucher will serve as regional president. Bucher came to Jacksonville in December 2017 to lead what the bank then termed the Port Cities region — including Charleston and Savannah — and is now simply the North Florida region.
“Continuing to serve as regional president in this market, and for the nation’s fifth largest commercial banking organization, is an exciting opportunity,” said Bucher in a statement. “This is a wonderfully diverse business community and I look forward to building on the foundation we have established over the last few years.”
Two long-time Jacksonville BBVA executives will join his team: commercial banking market leader Mark Wisniewski and wealth management market leader Peggy Holt.
Wisniewski has had jobs at a number banking jobs in Jacksonville over the past two decades, including stints at SouthTrust, Fifth Third and Wells Fargo. He joined BBVA in 2011.
Holt has served as North Florida market executive for BBVA Compass Global Wealth since 2005.
Steve Brothers will serve as corporate banking market leader. He has been with PNC since 2016, based in Atlanta as market leader of corporate banking for Georgia & Southern Port Cities.
Shakesi Morris, who has been with PNC since 2012 and was most recently PNC’s channel manager for national retail expansion, will serve as retail banking market leader.
The addition of new leadership comes after PNC, which has more than $560 billion in assets, announced in November it was buying BBVA for $11.6 billion.
The deal is the largest of big bank combinations since the financial crisis of 2008, and PNC will have a branch presence in 29 of the nation’s 30 largest markets.
Bank systems and branches conversion is expected to occur in October 2021, the bank said.
Before the acquisition, BBVA was the fourth-largest bank in the Jacksonville area. According to FDIC data as of June 2020 — the most recent figures available — the bank had 24 offices and $3.1 billion in deposits.