PNC Bank, N.A. has announced the appointment of Mark Mistler to the role of market executive and head of Commercial Banking for Tucson and Southern Arizona, a market into which PNC is expanding through its acquisition of BBVA USA.
Completion of the acquisition was announced June 1, with PNC emerging as the fifth largest U.S. commercial banking organization with more than $560 billion in assets and a coast-to-coast presence in 29 of the 30 largest markets in the country.
Mistler brings more than 36 years of banking experience to the market executive position, including most recently serving as president and CEO for Tucson and Southern Arizona for BBVA USA. As market executive, he will lead the combined organization to provide customers and clients in Tucson and Southern Arizona with access to a full range of products and capabilities through PNC’s Main Street Banking model in the community and across all business lines.
In addition, Mistler will deliver on the bank’s commitment to support local communities across this region. He joins Phoenix and Northern Arizona Regional President Cathleen Walker in the company’s commitment to continued growth across the state. “We are eager to leverage the combination of the strength and size of PNC and the experience of our strong Commercial Banking team to serve Tucson and all of Southern Arizona,” Mistler said. “Many of us have worked together for 30 years or more, and we are all looking forward to the larger impact we can have as part of PNC. We are committed to this market, and we are confident that commitment will be evident in the coming days and weeks.”
PNC is committed to supporting Tucson and Southern Arizona, and consistent with its other markets across the country, takes a localized approach to help bolster and sustain the communities it serves. Locally, PNC will continue to prioritize community support for programs that promote early childhood education, social justice and racial equity and economic development.
Also in support of its communities and in connection with its acquisition of BBVA USA, PNC recently announced a Community Benefits Plan to provide $88 billion in loans, investments and other financial support to create economic opportunity for low- and moderate-income individuals and communities, people and communities of color, and other underserved individuals and communities.
This four-year plan will be largely carried out at a local level by PNC’s Community Development Banking teams in all its markets across its now-expanded national footprint.
“At PNC, we take pride in our Main Street bank model, and our market leadership teams are where PNC meets Main Street,” said Louis R. Cestello, executive VP and head of PNC’s Regional Markets. “Our local delivery of products, services and expertise guides everything we do to support our customers and the community. It also allows us to customize our services to align with the unique market economy in Tucson and Southern Arizona, which is built on military and government-related industries, as well as post-secondary education.”
Additionally, as part of PNC’s focus to move all forward financially, the bank plans to expand the reach of its innovative banking products and initiatives. This includes the company’s recent announcement of its groundbreaking Low Cash Mode℠ digital offering, which is designed to help PNC’s Virtual Wallet® customers avoid overdraft fees and remain in the banking system through unprecedented account transparency and payment control features to manage through low-cash moments or mistimed payments. Following conversion, Low Cash Mode℠ will be available to BBVA USA customers with Virtual Wallet accounts.
PNC is providing BBVA USA customers comprehensive information relating to the anticipated conversion of their accounts in October. Until conversion, customers will continue be served through their respective BBVA USA and PNC branches, website and mobile apps. Over the coming months, PNC and BBVA USA will continue to operate as separate entities and brands while working together closely to ensure a smooth transition for BBVA USA employees and customers. PNC Bank, National Association, is a member of The PNC Financial Services Group, Inc. (NYSE: PNC).
PNC is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management.