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Two sisters and their foundation set for $1.5B windfall from FirstBank sale

Дата публикации: 09-09-2025 10:20:43

PNC has agreed to pay $4.1 billion for the Lakewood-based institution. Daughters of the bank’s first president own a large stake.
The post Two sisters and their foundation set for $1.5B windfall from FirstBank sale appeared first on BusinessDen.


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FirstBank’s pending $4.1 billion sale will pay off handsomely for the daughters of the Lakewood-based institution’s first leader.

Mary and Nancy Reisher and a foundation founded by their father, former bank President Roger Reisher, collectively own 38% of FirstBank, according to Federal Reserve documents.

The privately owned bank’s pending acquisition by Pittsburgh, Pennsylvania-based PNC Bank, announced Monday, means the Reishers and the Reisher Family Foundation are poised to get $1.5 billion in cash and PNC Bank stock.

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