F.N.B. Corporation : First National Bank Finalizes Pittsburgh Expansion
02/21/2012| 04:10pm US/Eastern
HERMITAGE, Pa., Feb. 21, 2012 /PRNewswire/ -- F.N.B. Corporation (NYSE: FNB), parent company of First National Bank of Pennsylvania, announced that it completed the final step of integration in its merger with the former Parkvale Financial Corporation on February 18, 2012. The legal merger was completed on January 1, 2012.
This past weekend, First National Bank finalized the conversion of Parkvale Bank to First National Bank. All customers can now access First National Bank's full range of products and services and conduct their banking business at any of First National Bank's more than 260 convenient banking offices located throughout 45 counties in Pennsylvania, Ohio and West Virginia.
This latest acquisition enhances First National Bank's presence, and the Company now holds the number three retail deposit market share rank in the Pittsburgh metropolitan area, one of the nation's 25 largest MSAs based on population. Vincent J. Delie, Jr., President and CEO, F.N.B. Corporation, commented, "Our growth in Pittsburgh is somewhat unique. We are one of very few U.S. banks with total assets under $12.0 billion to have achieved a top three deposit market share in a major metropolitan market. We are well-positioned for continued growth because of our product depth, experienced team and commitment to the highest level of service."
Recently, First National Bank was named as a winner of six 2011 Greenwich Excellence in Banking Awards in Small Business Banking and Middle Market Banking, recognition based solely on client satisfaction.
About F.N.B. Corporation
F.N.B. Corporation, headquartered in Hermitage, PA, is a diversified financial services company with total pro forma assets of $11.6 billion, including the Parkvale acquisition. F.N.B. Corporation is a leading provider of commercial and retail banking, leasing, wealth management, insurance, merchant banking and consumer finance services in Pennsylvania and Ohio, where it owns and operates First National Bank of Pennsylvania, First National Trust Company, First National Investment Services Company, LLC, F.N.B. Investment Advisors, Inc., First National Insurance Agency, LLC, F.N.B. Capital Corporation, LLC, Regency Finance Company and F.N.B. Commercial Leasing. It also operates consumer finance offices in Kentucky and Tennessee.
The common stock of F.N.B. Corporation trades on the New York Stock Exchange under the symbol "FNB" and is included in Standard & Poor's SmallCap 600 Index with the Global Industry Classification Standard (GICS) Regional Banks Sub-Industry Index. Investor information is available on F.N.B. Corporation's Web site at www.fnbcorporation.com.
SOURCE F.N.B. Corporation