PNC CEO Bill Demchak on FirstBank acquisition: The environment is friendly for banks right now
Welcome back to Squawk on the Street. Here from the Barclay's Financial Services Conference, PNC announcing plans to buy First Bank for $4.1% billion this week, expanding into Arizona, giving PNC a substantial presence in Colorado. Joining me exclusively here at the Barclay Global Financial Services Conference is PNC CEO Bill Dechek.Bill, great to see you. Welcome. Good to see you, Sarah.So, why this deal. Why now. Um, it was there, you know, it's a it's a it's a rifle shot into Colorado and Arizona that ba ...