PNC to lay off 800 at FirstBank's former Lakewood HQ.
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PNC to lay off 800 at FirstBank's former Lakewood HQ. Three months after closing on its purchase of FirstBank, PNC Bank is preparing to make major cuts at FirstBank's former headquarters in Lakewood. Pittsburgh, Pennsylvania-based PNC told the state Friday that it will lay off up to 777 employees at 12345 W. Colfax Ave. The cuts are expected to start June 30, according to a Worker Adjustment and Retraining Notification. The bank did not tell the state what positions or departments will be affected by the move. In a statement to BusinessDen, PNC said the cuts focus on "where overlap occurs" between FirstBank and PNC staff. It added that it is "currently retaining" all client-facing roles at its 120 branches across Colorado. Former FirstBank CEO Kevin Classen, now PNC's Colorado regional president, told BusinessDen in September that FirstBank, which was founded in 1963 as First Westland National Bank, employed 2,400 people in Colorado. The Lakewood city manager's office told BusinessDen that PNC and FirstBank collectively had 4,326 staffers across Colorado at the end of last year, just before the deal closed. It is unclear how many of those work at the former Lakewood headquarters. PNC told the state that the West Colfax office will not close. FirstBank opened the campus in the 1990s and doubled its footprint there in 2015 to 200,000 square feet, according to Jefferson...
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