PNC announced an agreement to acquire FirstBank Holding Company, expanding its reach in Colorado and Arizona.
FirstBank, with $26.8 billion in assets, operates 95 branches in the two states.
The acquisition will make PNC the top bank in Denver and significantly increase its presence in Arizona.
Acquisition Details
PNC to acquire FirstBank Holding Company, bolstering its presence in high-growth markets.
Branch Network Expansion
PNC will more than triple its branch network in Colorado to 120, becoming #1 in Denver.
Market Impact
PNC's presence in Arizona will expand to over 70 branches, adding 13 from FirstBank acquisition.
Community Focus
PNC plans to continue FirstBank's community support initiatives and investments.
- The acquisition will reinforce PNC as a leading national bank in the United States.
- PNC aims to bring its scale, technology, and financial services to enhance customer experience in Colorado and Arizona.
- FirstBank's legacy and community-based model align with PNC's local approach to banking.
The agreement reflects PNC's strategy to grow through strategic acquisitions and community-focused initiatives, ensuring continuity for customers and employees of FirstBank.