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0 0 9.29713648196831E-05 0 0.0013015991074749 0.00371885459278548 -0.00502045370026025 -0.00223131275567121
Stock impact report

Nearly 800 Colorado employees to lose jobs at the former FirstBank headquarters in Lakewood [CBS News]

FB Financial Corporation (FBK) 
Last fb financial corporation earnings: 4/27 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.firstbankonline.com
Company Research Source: CBS News
PNC purchased FirstBank in September for $4.1 billion and recently completed the acquisition after receiving regulatory approvals. In a notice filed with the state, the bank said it plans to lay off 777 employees effective June 30 as part of the integration of the two companies. PNC says it will now become number one in Denver in both retail deposit share, at 20%, and branch share, at 14%. Denver will now become one of PNC's largest markets for commercial and business banking. The bank already has over 35 branches in Colorado, including nine in Denver, and will now gain about 70 more. "It's the beginning of a partnership built on shared values and a vision for growth," PNC chairman and CEO William S. Demchak said in January. "By combining FirstBank's strong local relationships with PNC's national capabilities, we're poised to deliver even greater opportunities for our customers and communities." With the legal close complete, PNC officials said the company will begin integratin Show less Read more
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