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Portland online banking service Simple shutting down ahead of parent company’s acquisition January 7, 2021 at 11:29 am (Simple Photo) Simple, the Portland-based online banking company with a presence in Seattle, is shutting down due to the sale of banking giant BBVA USA. Founded in New York in 2009 and moved to Portland in 2011, the company was one of Portland’s most prominent tech startups. Simple opened a Seattle office in 2017 in the Pioneer Square neighborhood, employing people working in engineering, product, marketing, and other roles. Simple was acquired for $117 million in 2014 by Spain’s BBVA, which announced in November that it was selling its U.S. business to PNC Financial Services Group for $11.6 billion.