TUESDAY November 17, 2020
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Daily Record JACKSONVILLE
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PNC to buy BBVA USA for $11.6B BBVA is the fourth-largest bank in Northeast Florida. BY MARK BASCH CONTRIBUTING WRITER
Southeastern Grocers Inc. opens its new Mandarin Winn-Dixie amid a pandemic-driven grocery boom and an effort to go public.
PNC Financial Services Group Inc. on Nov. 16 announced an agreement to buy BBVA USA Bancshares Inc., the U.S. banking arm of Spain-based Banco Bilbao Vizcaya Argentaria, S.A. BBVA is the fourth-largest bank in Northeast Florida with 24 branches and $3.1 billion in deposits, or 3.3% of the deposit market in the Jacksonville metropolitan area as of June 30, according to Federal Deposit Insurance Corp. data. PNC does not have any bank branches in the Jacksonville area but the Pittsburgh-based company opened a regional office in Jacksonville in 2017. The office engages in corporate banking, commercial banking, equipment finance and consumer lending. PNC is paying $11.6 billion to buy BBVA USA, which has 637 branches in Florida, Texas, Alabama, Arizona, California, Colorado and New Mexico. The company has 2,261 branches in 24 states and said the purchase of BBVA gives it a coastto-coast franchise. BBVA has been in the Jacksonville market since acquiring Compass Bancshares Inc. in 2007. The Spanish company operated its U.S. operations as BBVA Compass but last year dropped “Compass” from the name to brand all of its global operations under the BBVA name. Compass had been in Jacksonville since the mid-1990s, when it made several acquisitions of small banks beginning in 1994.
Daily Record JACKSONVILLE
BY MARK BASCH & KAREN BRUNE MATHIS JACKSONVILLE DAILY RECORD
Jacksonville-based Southeastern Grocers Inc.’s new Mandarin Winn-Dixie store illustrates what the supermarket chain envisions as its near-term future – and long-term trends. “This is the latest and greatest new concept in design,” said Anthony Hucker, Southeastern Grocers president and CEO, during a Nov. 10 tour before the store opened Veterans Day. The store is a converted 28,000-square-foot Earth Fare that closed in February at 11700 San Jose Blvd. in the Mandarin South Shopping Center. A separate Winn-Dixie Beer, Wine & Spirits store, about 3,200 square feet, is several storefronts from the supermarket in the same center. In addition to produce, meat, seafood, bakery, deli, hot food and health and beauty departments, Winn-Dixie said the new store carries a wide range of specialty food and dietary selections, including expanded organic, natural and gluten-free options. It tailored the store assortment to serve area customers, including an aisle of kosher selections and a World Flavors category for international produce and foods. The store illustrates what the industry has experienced. The COVID-19 pandemic has been devastating to many business sectors but grocery stores are thriving. Sales at supermarket chains have surged this year as more consumers eat meals at home, and
Photos by Karen Brune Mathis
Anthony Hucker, Southeastern Grocers president and CEO, tours the Mandarin Winn-Dixie on Nov. 10 as it prepared to open Veterans Day. The new Winn-Dixie is in a converted 28,000-squarefoot Earth Fare that closed in February at 11700 San Jose Blvd. in the Mandarin South Shopping Center.
MBASCH@ JAXDAILYRECORD.COM
SEE WINN-DIXIE, PAGE 2
City issues permit for new FIS HQ parking garage Fidelity National Information Services Inc. will build an eightlevel parking garage at its new Riverside Avenue headquarters now that the city issued a permit Nov. 12 for the vertical construction. Gilbane Building Co. is the contractor for the $8.9 million project that comprises a 552,693-square-foot garage on 4.9 acres at 347 Riverside Ave. in the Brooklyn area of Downtown. The 1,647-space garage will have retail space. Permits for the FIS HQ project so far total $156 million.
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