PNC Closes Branches After FirstBank Buy | Denver News

PNC Bank is shutting down 18 branches across Colorado and Arizona—just days after rebranding 95 former FirstBank locations in the same states—following its $4.1 billion acquisition of FirstBank. This isn’t the first time PNC has entered Colorado; they bought BBVA Compass in 2021 for $11.6 billion. Many of the closing branches are directly adjacent to the newly acquired FirstBank sites, signaling a push for consolidation. While the rebranding went off without a hitch from the bank’s side, customers have reported headaches trying to access accounts and get new cards. On the employee front, PNC had warned of up to 777 job cuts, mostly in operations—but last week announced over 250 workers, many with tech skills, were placed in new roles within the company. As PNC integrates its acquisitions, branch closures and workforce shifts remain key developments to watch. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/0617045df53688ea