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BBVA USA CIO Kevin McMahon has been selected as a finalist for the 2021 ORBIE Alabama CIO of the Year Award in the “Large Enterprise” category, which recognizes the top CIOs from several cities and regions across the country affiliated with the Inspire CIO Leadership Network.
As Central Alabama deals with the aftermath of 11 confirmed tornados on March 25, BBVA USA has announced it will donate $25,000 toward community relief efforts through the BBVA Foundation. The tornado recovery grant will support the United Way of Central Alabama.
BBVA USA was recently honored by IDG’s CIO as a U.S. 2021 CIO 100 award winner for its efforts, that took place exactly one year ago this week, in creating an online portal for the Paycheck Protection Program (PPP).
BBVA has agreed to sell to PNC its subsidiary in the U.S. for $11.6 billion (€9.7 billion¹) in cash, an amount that represents 19.7 times the unit’s 2019 earnings², and that is almost 50% of BBVA’s current market capitalization.
As integration planning efforts continued—and almost one month after PNC’s acquisition of BBVA’s U.S. subsidiary was announced— BBVA USA team members across the bank began to be introduced to PNC’s leaders and structure in a series of virtual town halls.
``To all our colleagues in the US: Thank you for your great work all these years, and we wish you all the best in this new phase full of opportunities.``
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