JOURNAL ARTICLE

Fed Blesses PNC Financial's Plan to Acquire Colorado's FirstBank.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Green, Rick 3 of 3

Abstract

The article focuses on the approval by the US Federal Reserve for PNC Financial Services Group Inc. to acquire FirstBank Holding Co., based in Colorado. PNC, a super-regional bank headquartered in Pittsburgh and the ninth-largest insured deposit institution in the US, will take over FirstBank, which has consolidated assets of approximately $26.6 billion and controls about $1.7 billion in deposits in Colorado. The Federal Reserve noted that the Department of Justice reviewed the acquisition and found no significant competitive concerns regarding the proposal. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/12, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2025
  • Accession Number:190208774
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