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In a bold strategic move, PNC Financial Services agreed to acquire Colorado-based FirstBank Holding in a $4.1 billion cash-and-stock deal, supercharging its presence in the fast-growing markets of Colorado and Arizona.
The transaction adds roughly $26.8 billion in assets and triples PNC’s footprint in Colorado to 120 branches, positioning it as the largest bank in the Denver market by retail deposits and branch share.
For consumers, the flurry of mergers raises a timely question: Where should you park your money to ensure it stays safe? Even as big banks grow larger, stability, security and trust remain top priorities—and several U.S. institutions consistently stand out as among the safest places to hold cash.
Looking To Keep Your Money Safe? These Banks Stand Out
With industry consolidation accelerating, it’s more important than ever to park your funds in banks that meld safety, accessibility and value. If you’re looking for safe banks to hold your funds, here are some solid options.
- U.S. Bank Smartly® Savings: This savings account from U.S. Bank delivers competitive interest rates that grow as your Combined Qualifying Balance (CQB) increases. By linking a Smartly Checking, Safe Debit or Smartly Visa Signature card, you can unlock tiered annual percentage yields (APYs) and waive monthly maintenance fees—starting with just a $25 opening deposit. It blends smart digital tools with FDIC-insured stability, making it a strong choice for earning more while keeping your money secure.
- Chase Bank: Chase is trusted for its strong security infrastructure, stringent capital requirements and its massive scale. Whether you value in-person support at over 5,000 branches, ATM access at over 15,000 locations, seamless mobile banking or peace of mind, Chase stands out as a reliable place to hold your money.
- Bank of America: As the second-largest bank in the U.S., Bank of America offers a large footprint and full FDIC backing. Its leadership in commercial, wealth and consumer services reinforces its reputation for stability. With a secure infrastructure, widespread presence and comprehensive financial services, it remains a reliable safe harbor for deposits.
When larger banks acquire smaller ones, customers often wonder how it affects them. Day-to-day banking usually doesn’t change, but mergers can influence interest rates, branch availability or customer service quality.
That’s why it’s smart to stick with financially stable banks that still put customers first. While FDIC insurance protects deposits up to $250,000 per insured bank, what really matters are the basics—user-friendly mobile apps, plenty of ATMs and transparent fees.
Bottom Line
PNC Bank’s deal to buy FirstBank is a significant step in its push to become a coast-to-coast bank, expanding its reach in the West and strengthening its position against larger competitors.
The rush of bank mergers reminds customers to choose institutions with proven stability, reliable tech and solid financials. Whether moving money or simply looking for a safe spot to save, the best banks offer security and everyday convenience.