PNC Financial Services Group announced on Monday that it would be acquiring FirstBank Holding Company and its Lakewood-based subsidiary, FirstBank, for $4.1 billion in cash and stock. The move means Pittsburgh-based PNC will now expand into Colorado and Arizona.

The acquisition of FirstBank, which operates 95 branches, means PNC will now have a presence through Colorado's Front Range and along the Interstate 70 corridor in most major ski towns, as well as the Phoenix area.

"For decades, FirstBank has been proud to serve Colorado and Arizona with a strong community focus, deep customer relationships and dedicated commitment to our employees," Kevin Classen, FirstBank CEO, said in a statement. "In PNC, we have found a partner that not only values this legacy but is committed to building on

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