PNC Financial (PNC) will acquire FirstBank Holding Co for $4.1B, a deal that will increase its total assets to nearly $600B, The Wall Street Journal’s Gina Heeb reports. PNC plans to retain FirstBank’s nearly 100 branches in Colorado and Arizona, with roughly $27B in assets.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PNC:
- Trump Weekly: Trump weighs stake in Intel, candidates for Fed Chair
- Trump Trade: U.S. government weighs taking stake in Intel
- MSCI enters strategic collaboration with PNC Bank
- PNC Financial price target raised to $220 from $215 at Evercore ISI
- Peloton upgraded, Booking downgraded: Wall Street’s top analyst calls
