F.N.B. Corporation (NYSE:FNB), parent company of First National Bank of Pennsylvania, announced today that it formally named Pittsburgh, PA, as its corporate headquarters. F.N.B. Corporation has maintained a regional headquarters at the Company’s North Shore Campus since 2004. Its growth in Pittsburgh, the Company’s largest market, has significantly contributed to the Company’s $14.5 billion in assets, and with this announcement will become the 2nd largest bank holding company based in Pittsburgh.
F.N.B.’s growth in Pittsburgh has expanded from a single banking office in 1997 to over 84 locations and a #3 retail deposit market share today. Over the course of the last 10 years, F.N.B. has continued to expand its Pittsburgh campus to include executive offices, commercial banking, capital markets, private banking, commercial real estate lending, mortgage banking and marketing.
F.N.B. will continue to maintain its operations center and support areas in Hermitage, PA. Customers and employees will not be impacted by the headquarters announcement and the bank’s charter will remain in Greenville where it was established 150 years ago in 1864. During the past several years, the Hermitage campus has benefitted from a capital investment of over $15 million dollars which includes state of the art facilities and infrastructure enhancements necessary to support the company’s continued growth.
“Naming Pittsburgh as F.N.B. Corporation’s official headquarters is a logical progression in our evolution as a regional financial services organization,” stated Vincent J. Delie, Jr., President and CEO of F.N.B. Corporation. “Pittsburgh currently serves as the headquarters for our Wealth and Insurance lines of business, and its close proximity to Hermitage permits us to recruit effectively for both locations. This broadens our pool of potential employees, allowing us to choose from among the top financial professionals in the country to support our continued expansion.”
The company employs more than 3,200 employees with 1,800 individuals in Western Pennsylvania, and nearly 800 professionals based in Pittsburgh.
About F.N.B. Corporation F.N.B. Corporation (NYSE: FNB), headquartered in Pittsburgh, Pennsylvania, is a regional diversified financial services company operating in six states and three major metropolitan areas including Pittsburgh, PA, where it holds the number three retail deposit market share, Baltimore, MD, where it holds the number ten deposit market share, and Cleveland, OH. The Company has total assets of $14.5 billion and more than 280 banking offices throughout Pennsylvania, Ohio, Maryland and West Virginia. F.N.B. provides a full range of commercial banking, consumer banking and wealth management solutions through its subsidiary network which is led by its largest affiliate, First National Bank of Pennsylvania. Commercial banking solutions include corporate banking, small business banking, investment real estate financing, business credit, capital markets and lease financing. The consumer banking segment provides a full line of consumer banking products and services including deposit products, mortgage lending, consumer lending and a complete suite of mobile and online banking services. F.N.B.’s wealth management services include asset management, private banking and insurance. The Company also operates Regency Finance Company, which has more than 70 consumer finance offices in Pennsylvania, Ohio, 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. Customers, shareholders and investors can learn more about this regional financial institution by visiting the F.N.B. Corporation web site at www.fnbcorporation.com.
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