FirstBank Holding Company Acquired by PNC Financial Services Group | Financial Services M&A Deal

PNC Financial Services Group has acquired FirstBank Holding Company, a banking business in Colorado, for $26.8 billion. FirstBank Holding Company operates commercial and retail banking through a branch network in Lakewood, CO, with major footprint across Colorado and Arizona. The PNC Financial Services Group acquisition expands PNC’s financial services M&A platform acquisition strategy, growing deposits and customer access in high-growth markets. The strategic acquisition is a platform acquisition by a strategic buyer, with deal size over $100M, and is expected to close following regulatory approvals for announced terms.