Nearly 800 Colorado Bank Employees to Be Laid Off

An acquisition of a Colorado bank in early 2026 has revealed that nearly 800 employees will be laid off. A WARN notice was submitted to the Colorado Department of Labor and Employment on April 17, 2026, stating that 777 employees will be laid off.

Bank Acquisition Leads to Layoffs

The WARN notice sent by PNC Bank, as part of the acquisition of FirstBank, states that a reduction in workforce will be coming to the West Colfax Building at 12345 West Colfax Avenue in Lakewood, Colorado.

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PNC Bank has begun the process of consolidating the operations of the two banks into a single organization. As a result, approximately 777 employees in the West Colfax Building will be separated from employment, and the reductions are expected to be permanent.

The layoffs at the West Colfax Building are expected to start at this location on June 30, 2026, with an expected number of 410 employees being let go within two weeks of this date. A second round of layoffs that will impact an additional 367 employees is planned to start on July 31, 2026.

What the Colorado WARN Act Requires

Colorado state law requires employers to provide employees with employment loss with a 60-day notice prior to a layoff, as stated in the Worker Adjustment and Retraining Notification Act.

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More information on the Colorado WARN list notice for FirstBank employees at the West Colfax Building can be seen at cdle.colorado.gov. The WARN List notification from PNC Bank can be seen HERE.