The deal will create the fifth largest bank in the nation by asset size.

By: KDKA-TV News Staff

PITTSBURGH (KDKA) — PNC Bank has announced an agreement to buy the U.S. operations of the Spanish bank BBVA.

The $11.6 billion deal creates the nation’s fifth largest bank by asset size.

BBVA has more than 600 branches in 7 states form California to Florida.