PNC to Lay Off 777 FirstBank Employees Post-Merger; Some Rehired
PNC’s integration of Colorado-based FirstBank has put dozens of corporate roles at risk. The bank notified the state labor department that as many as 777 positions at its Lakewood offices could be eliminated after June 30. PNC said it is encouraging impacted workers to apply for open roles inside the company.
Workforce impact and rehiring
PNC may lay off up to 777 former FirstBank employees post-merger, while some affected staff have been rehired into other roles. The figure represents a maximum estimate. PNC emphasized it will keep all client-facing positions that serve customers and businesses.
Where employees will work
PNC plans to maintain the FirstBank corporate site at 12345 West Colfax Ave. Former FirstBank staff will continue to work on site during their transition.
Deal background and branch changes
PNC closed its purchase of FirstBank in January 2026. The acquisition cost was $4.1 billion. FirstBank operated 95 branches at the time of the agreement, and those locations are being converted to PNC banks.
The deal expanded PNC’s Colorado footprint to about 120 branches. That increase made PNC one of the larger banking networks in the Denver area.
Financials and costs of integration
FirstBank traced its roots to 1963. When the deal closed, it reported about $26 billion in assets, $16 billion in loans, and $23 billion in deposits.
PNC reported $98 million in pre-tax integration costs so far. The bank expects total integration expenses to reach roughly $325 million when the process is complete. PNC also said FirstBank helped lift its average loans by 7 percent from the fourth quarter to $23 billion.
Timeline and strategic plans
The integration work is scheduled to finish by June 30, according to a letter submitted to the state labor department. Customer accounts will begin converting to PNC on June 18.
PNC also announced plans to use Denver as a strategic technology hub. The company cited the region’s technology talent as a factor in that decision.
Local employment context
- FirstBank employment at end of 2024: 2,648 people.
- Potential corporate layoffs in Lakewood: up to 777 positions.
- Customer account conversion start date: June 18, 2026.
- Integration completion target: June 30, 2026.
Filmogaz.com will monitor developments as the integration continues and as affected employees pursue new roles within PNC.
