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Announced

The PNC Financial Services Group to acquire FirstBank for $4.1bn.

Synopsis

The PNC Financial Services Group, a US-based bank holding company, agreed to acquire FirstBank, a provider of commercial and retail banking services across Colorado and Arizona, for $4.1bn. "FirstBank is the standout branch banking franchise in Colorado and Arizona, with a proud legacy built over generations by its founders, management, and employees. Its deep retail deposit base, unrivaled branch network in Colorado, growing presence in Arizona, and trusted community relationships make it an ideal partner for PNC," William S. Demchak, PNC Chairman and CEO.

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