PNC expansion: Bank to acquire FirstBank for $4.1 billion, deal to boost presence in Colorado and Arizona

PNC Financial Services is set to acquire FirstBank for $4.1 billion, significantly boosting its retail banking presence in the US. This acquisition will establish PNC as the largest bank in Denver and expand its Arizona network, increasing its total assets to approximately $575 billion. The deal underscores PNC’s aggressive growth strategy through acquisitions and organic expansion.