PNC Bank has informed federal regulators that it plans to shutter 14 branch locations in Colorado and four in Arizona following the completion of its $4.1 billion acquisition of FirstBank.
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The filings made with the Office of the Comptroller of the Currency were submitted on June 26, five days after the Pittsburgh-based bank rebranded 95 FirstBank locations in Colorado and Arizona.
PNC Bank entered the Colorado market in June 2021 as part of its $11.6 billion acquisition of BBVA Compass. Many of the locations closing are within a mile or two of newly absorbed FirstBank locations.
In the northern and western suburbs, two Arvada branches at 8008 Yarrow St. and 6450 Indiana St. are marked for closure, alongside locations at 15580 E. 104th Ave. in Commerce City and 303 S. Saulsbury St. in Lakewood’s Belmar district.
On the south side, closures are scheduled at the Park Meadows branch at 9001 Kimmer Drive in Lone Tree, two Centennial locations at 8100 E. Arapahoe Road and 20299 E. Smoky Hill Road, and one in Parker at 11239 S. Pikes Peak Drive.
Outside of Denver, PNC Bank will close a branch at 2805 Dublin Blvd. in Colorado Springs, one at 2640 E. Harmony Road in Fort Collins, and one at 3501 W. 12th St. in Greeley.
A filing has not been made regarding the fate of branch employees who might be displaced.
PNC Bank informed the Colorado Department of Labor and Employment in April that it would eliminate up to 777 jobs, primarily on the operations side, starting on June 30.
Last week, the bank said it was able to place more than 250 of those workers, many with technology backgrounds, in new positions within the company.
PNC Bank converted the FirstBank locations across the weekend of June 20th in what executives described as a successful rebranding
But criticism surged on social media and elsewhere as customers struggled to access their new accounts, activate new cards and avoid missed payments with vendors.
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