PNC Financial Secures Regulatory Nod for $4.1B FirstBank Acquisition

Key Takeaways PNC received approvals from the Fed, OCC, and Colorado regulators to move forward with the FirstBank deal.The $4.1B transaction includes PNC stock and $1.2B in cash, with shareholders choosing cash or shares.The deal will triple PNC's Colorado branches and expand its presence in Denver, Arizona, and nearby regionsThe PNC Financial Services Group, Inc. (PNC) has secured the regulatory approvals needed to complete its previously announced $4.1 billion cash-and-stock acquisition of FirstBank Hold ...