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Direct Dial: (212) 403-1127 Direct Fax: (212) 403-2127 E-Mail: [email protected]

January 5, 2021

VIA E-Apps

Ms. Meg Johnson Vice President Federal Reserve Bank of Cleveland 1455 East Sixth Street Cleveland, 44114

Re: Amendment to Application of The PNC Financial Services Group, Inc. and PNC Bancorp, Inc. to Acquire BBVA USA Bancshares, Inc. and/or BBVA USA

Dear Ms. Johnson:

This is an amendment to the application that we submitted to the Board of Governors of the Federal Reserve System on December 29, 2020 (the “Application”), requesting prior approval for The PNC Financial Services Group, Inc. (“PNC”) and PNC Bancorp, Inc. (“PNC Bancorp”) to acquire BBVA USA Bancshares, Inc. and/or its wholly owned subsidiary bank, BBVA USA, pursuant to sections 3(a)(3) and (5) of the Bank Holding Company Act. An

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Ms. Meg Johnson January 5, 2021 Page 2 amended chart of the current directors on the boards of directors of PNC, PNC Bancorp and PNC Bank, National Association is provided in the Appendix to this letter, and is intended to replace the chart on pages 21, 22 and 23 of the main document in the Application. One of the directors of PNC and PNC Bank, Linda R. Medler, was inadvertently omitted from the original chart and is now included in the replacement chart in the Appendix. There are no other changes to the text on pages 21, 22 and 23 of the Application.

If you have any questions about this submission or the Application, please do not hesitate to contact me. Sincerely,

Patricia A. Robinson

Attachment cc: David Reilly, Office of the Comptroller of the Currency (email) Mike Hill, State Banking Department Mark R. Largent, Department of Banking

(by email) Gregory B. Jordan, The PNC Financial Services Group, Inc. Kieran J. Fallon, The PNC Financial Services Group, Inc. Ursula C. Pfeil, The PNC Financial Services Group, Inc. Camden W. Williams, The PNC Financial Services Group, Inc. David A. Shernisky, The PNC Financial Services Group, Inc. Richard K. Kim, Wachtell, Lipton, Rosen & Katz Nicholas G. Demmo, Wachtell, Lipton, Rosen & Katz Mitchell S. Eitel, Sullivan & Cromwell LLP Ana M. González, Sullivan & Cromwell LLP

APPENDIX

Boards of Directors of PNC, PNC Bancorp and PNC Bank. The current directors of PNC, PNC Bancorp and PNC Bank are set forth below:

Name of Director Principal Occupation PNC PNC PNC Bancorp Bank William S. Demchak Chairman, President and X X Chief Executive Officer

Joseph Alvarado Retired Chairman and Chief X X Executive Officer of Commercial Metals Company

Charles E. Bunch Retired Executive Chairman X X of PPG Industries, Inc.

Debra A. Cafaro Chairman and Chief X X Executive Officer of Ventas, Inc.

Marjorie Rodgers Cheshire President and Chief X X Operating Officer of A&R Development Corp.

David L. Cohen Senior Executive Vice X X President of Comcast Corporation

Andrew T. Feldstein Former Chief Executive X X Officer and Chief Investment Officer of Blue Mountain Capital Management; former Chief Investment Officer of Assured Guaranty Ltd.

Richard J. Harshman Retired Chairman of X X Allegheny Technologies Incorporated

Daniel R. Hesse Former President and Chief X X Executive Officer of Sprint Corporation

A-1

Name of Director Principal Occupation PNC PNC PNC Bancorp Bank Linda R. Medler Retired Brigadier General, X X U.S. Air Force; President and Chief Executive Officer, L A Medler & Associates, LLC

Martin Pfinsgraff Former Senior Deputy X X Comptroller for Large Bank Supervision, OCC

Tony Townes-Whitley President of U.S. Regulated X X Industries at Microsoft Corp.

Michael J. Ward Former Chairman and chief X X Executive Officer of CSX Corporation

Robert Q. Reilly Chief Financial Officer, PNC X X

E William Parsley, III Chief Operating Officer, X PNC

Michael P. Lyons Head, Corporate & X Institutional Banking, PNC

Janet Pilling Jolles Senior Vice President & X Fiduciary Director, PNC Delaware Trust Company

James A. Hutchinson Senior Vice President & X Market Executive, PNC Asset Management Group

A-2