PNC receives regulatory approvals for acquisition of FirstBank

The PNC Financial (PNC) Services Group announced that it has received the regulatory approvals required to complete its previously announced acquisition of FirstBank Holding Company, including its banking subsidiary, FirstBank. Regulatory approvals have been received from the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency and the Colorado Division of Banking. PNC expects the transaction to close on or about Jan. 5, 2026, subject to the satisfaction of customary closing conditions. “Final regulatory approval of this acquisition marks an important milestone for PNC as we continue to expand our coast-to-coast franchise and bring our full breadth of capabilities to more customers and communities,” said William S. Demchak, chairman and chief executive officer of PNC. “We look forward to welcoming FirstBank’s employees and clients to PNC.” Following closing, PNC will begin the process of integrating FirstBank into PNC’s national platform, including its leading treasury management, payments, and digital banking capabilities. Full customer conversion is expected to occur in mid-2026.