PNC Financial Services Group in Pittsburgh has agreed to buy FirstBank Holding in Lakewood, Colorado. The $559.1 billion-asset PNC said in a press release that it will pay $4.1 billion in cash and stock for the $26.8 billion-asset FirstBank. The deal is expected to close in early 2026.
M&A News is reported by Paul Davis and reprinted with permission as an adaptation of the material from TheBankSlate.com.
A federal court issued an order preventing the CFPB from enforcing its rule on financial data sharing while the bureau reassesses the regulation.
Pending home sales were unchanged in September from the prior month, the National Association of Realtors said. Year over year, pending transactions were down 0.9%.
The Federal Open Market Committee announced that it will lower the target range for the federal funds rate by 25 basis points to 3.75%-4%. Two FOMC members voted against the cut.
Huntington Bancshares agrees to buy Cadence Bank; other proposed acquisitions announced in Texas, Wyoming and Iowa.
The CDFI Fund and the institutions it serves are “an essential and vital source of capital and financial services to underserved communities,” and the Trump administration should not fire its staff, 120 House Democrats wrote in a letter...
The Federal Communications Commission vote to issue a notice of proposed rulemaking that would adopt several ABA requests to modernize the FCC’s Telephone Consumer Protection Act rules and combat illegal call spoofing.
