PNC Financial Services Group has concluded the acquisition of FirstBank Holding Company and its banking subsidiary, FirstBank, after receiving all regulatory clearances and meeting closing requirements. The deal, agreed in September last year, set the acquisition’s value at $4.1bn, including the issuance of around 13.9 million shares of PNC common stock as well as a cash payment of$1.2bn. Regulatory clearance was obtained in December from the board of governors of the Federal Reserve System, the Office ...