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PNC keeping all former FirstBank branches after acquisition (opens original article in a new tab)

TL;DR

PNC Bank, which acquired FirstBank, will keep all 82 Colorado branches open and is preparing for layoffs at FirstBank's former headquarters while rehiring some employees.

  • PNC acquired FirstBank and will not close any of its 82 Colorado branches
  • PNC plans to close its preexisting branches in cases of overlap
  • PNC has rehired 250 FirstBank technology staffers but may still lay off 777 employees
  • PNC now operates 120 branches across Colorado
  • Lakewood city manager's office reported 4,326 staff members in Colorado at the end of last year

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