PNC Bank has received the final regulatory approvals to complete its purchase of FirstBank, one of Colorado’s largest privately held banks. The approvals, publicly announced today, Dec. 12, 2025, were issued by the Federal Reserve, the Office of the Comptroller of the Currency, and the Colorado Division of Banking. The deal is expected to officially close around Jan. 5, 2026.

“This approval is a big step for PNC as we grow our footprint and bring more services to communities across the country,” said PNC CEO William Demchak. “We’re excited to welcome FirstBank’s employees and customers into the PNC family.”

PNC is paying approximately $4.1 billion for FirstBank, which adds around $26.8 billion in assets. PNC’s total assets prior to the purchase were roughly $568.8 billion, and after the acquisition, the combined bank is expected to hold about $600 billion in total assets, further strengthening PNC’s national presence.

Once the deal is finalized, PNC will start integrating FirstBank into its systems, including digital banking, payments, and treasury management. Full customer account conversions are expected by mid-2026.

Founded in 1963 in Lakewood, Colorado, FirstBank has spent more than 60 years serving Colorado and Arizona, and now its addition strengthens PNC’s presence across the Rocky Mountain region and Southwest.

Both PNC and FirstBank have strong Community Reinvestment Act (CRA) ratings, reflecting their commitment to providing credit and banking services to the communities they serve.

For customers, the change promises access to PNC’s full suite of banking and financial services, while FirstBank’s staff and operations will become part of a larger, national banking network.