Fed approves PNC’s $4.1B acquisition of FirstBank

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. The Federal Reserve approved PNC’s application to acquire Colorado-based FirstBank, the central bank said Thursday. The green light for the $4.1 billion deal – which would triple PNC’s presence in Colorado and expand it in Arizona, too – came 94 days after the bank announced the transaction. The timeline from deal announcement to regulator sign-off has quickened sig ...