PNC to Acquire FirstBank in $4.1B Deal, Expand in Colorado & Arizona
Key Takeaways PNC agrees to acquire FirstBank in a 26.8B in assets, 95 branches, and a strong retail banking presence in Colorado.PNC will triple its Colorado footprint to 120 branches and expand to 70 locations in Arizona.The PNC Financial Services Group, Inc. (PNC) has entered into a definitive agreement to acquire FirstBank Holding Company, including its subsidiary FirstBank, in a cash-and-stock transaction valued at approximately ...