PNC Bank closes $4.1B FirstBank deal, becoming a top Colorado bank

PNC Bank closes $4.1B FirstBank deal, becoming a top Colorado bank

The acquisition triples PNC's branch operations in Colorado.

PNC wraps $4.1B buy of Colorado’s FirstBank

PNC Bank has closed its $4.1 billion acquisition of Colorado's FirstBank Holding Co., making PNC one of the state's largest banks.

PNC completes $4.1bn purchase of FirstBank

PNC Financial Services Group has concluded the acquisition of FirstBank Holding Company and its banking subsidiary, FirstBank, after receiving all regulatory clearances and meeting closing requirements.  The deal, agreed in September last year, set the acquisition’s value at $4.1bn, including the issuance of around 13.9 million shares of PNC common stock as well as a cash payment of $1.2bn.  Regulatory clearance was obtained in December from the…