Group 1 - Charlotte McLaughlin has joined Community Capital's Board to enhance innovation and drive growth in loan trading and origination [1] - The appointment aims to expand marketplace growth and foster new partnerships within the industry [1]

Group 1 - The company has announced the acquisition of FirstBank, which is seen as a strategic move to enhance its presence in Colorado with a strong branch network and retail brand [2][3] - The acquisition is justified by the low cost of deposits and historically low charge-off ratios associated with FirstBank, providing a solid foundation for future growth [2] - The timing of the acquisition is significant as it reflects a market trend where banks are being sold rather than bought, driven by the need for better products and services for clients [3]

Group 1 - The company has announced the acquisition of FirstBank, which is seen as a strategic move to enhance its presence in Colorado [1][2] - The acquisition provides access to a leading J.D. Power branch network, low cost of deposits, and historically low charge-off ratios, which are beneficial for the company's growth [2] - The rationale for the acquisition is driven by the need for better products for clients and the opportunity to cross-sell existing products in the new market [3] Group 2 - The current market trend indicates that banks are more often sold than bought, highlighting a unique opportunity for the company to pursue this acquisition [3] - The private ownership of FirstBank has created a situation where wealth transfer and the need for improved client offerings have made the acquisition timely [3]

The PNC Financial Services Group (NYSE:PNC) FY Conference September 09, 2025 03:30 PM ET Company ParticipantsBill Demchak - Chairman, President, and CEO[Analyst]Just to start off, you know, clearly you kind of kicked off the conference yesterday morning, even though you weren't presenting today, with an announcement of the acquisition of FirstBank. Maybe just talk about it. You didn't have a conference call, so maybe this is kind of your first opportunity to talk on a mic about the transaction, the strategi ...

Key Takeaways PNC agrees to acquire FirstBank in a $4.1B cash-and-stock deal, closing expected in early 2026.FirstBank adds $26.8B in assets, 95 branches, and a strong retail banking presence in Colorado.PNC will triple its Colorado footprint to 120 branches and expand to 70 locations in Arizona.The PNC Financial Services Group, Inc. (PNC) has entered into a definitive agreement to acquire FirstBank Holding Company, including its subsidiary FirstBank, in a cash-and-stock transaction valued at approximately ...

Welcome back to Squawk on the Street. Here from the Barclay's Financial Services Conference, PNC announcing plans to buy First Bank for $4.1% billion this week, expanding into Arizona, giving PNC a substantial presence in Colorado. Joining me exclusively here at the Barclay Global Financial Services Conference is PNC CEO Bill Dechek.Bill, great to see you. Welcome. Good to see you, Sarah.So, why this deal. Why now. Um, it was there, you know, it's a it's a it's a rifle shot into Colorado and Arizona that ba ...

PNC is making its largest acquisition in four years as one dealmaker flags more tie-up meetings between banks. ...

Core Insights - PNC Financial Services Group has signed a definitive agreement to acquire FirstBank Holding Company for a total transaction value of $4.1 billion, which includes approximately 13.9 million shares of PNC common stock and $1.2 billion in cash [1][6] Group 1: Acquisition Details - The acquisition will enhance PNC's presence in Colorado, tripling its branch network in the state to 120 branches and aiming for a 20% retail deposit share and 14% branch share in Denver [2] - PNC will also expand its footprint in Arizona to over 70 branches by adding 13 FirstBank branches [2] - FirstBank had $26.8 billion in assets as of June 30, 2025, and operates 95 branches in Colorado and Arizona [1] Group 2: Strategic Rationale - PNC's chairman and CEO highlighted FirstBank's strong retail deposit base and community relationships as key factors that make it an ideal partner for PNC [3] - The acquisition is expected to allow PNC to leverage FirstBank's local connections to enhance its corporate and private banking services [3] Group 3: Approval and Future Plans - The transaction has received approval from the boards of directors of both PNC and FirstBank, with an anticipated closing in early 2026, pending necessary approvals [4] - PNC announced plans in November 2024 to invest an additional $500 million to establish over 100 new branches and renovate 200 existing ones across the U.S. [5]

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

PNC Bank is looking westward with its acquisition of Colorado-based lender FirstBank.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The $4.1 billion deal will make Colorado one of PNC’s top markers in the country, ...