This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
Sept. 10, 2013 /PRNewswire/ -- In addition to the Company's recent announcement to acquire
Baltimore-based BCSB Bancorp, Inc., First National Bank has revealed plans to establish a new regional headquarters in downtown
Baltimore, Maryland. FNB will occupy more than 11,000 square feet of office space in a prominent building that will be known as the First National Bank Building. The location, which is expected to be ready for occupancy before the end of 2013, is located at 300 E. Lombard Street.
"We are focused on growing our
Maryland market. Our new regional headquarters will bring together a diverse team of products specialists who will work collaboratively to meet the needs of our clients," noted
Vincent J. Delie, Jr., President and CEO of F.N.B. Corporation. "Establishing a regional headquarters in downtown
Baltimore demonstrates our commitment to support the local business community and to contribute to the City's economic viability."
Delie noted that FNB will continue to tap the highly skilled workforce present in the greater
Baltimore area to support continued expansion. Since FNB's entry into the
Maryland market in
April 2013, former Suntrust executives
J. MacGregor (Mac) Tisdale and
Darlene Miglioretti have joined First National Bank's leadership team as President of the Maryland Region and Retail Banking Executive, respectively. They are supported by a team of local experts in Wealth Management, Private Banking, Business Banking and other financial disciplines.
Tisdale expanded on the benefits of the new
Baltimore headquarters. "A downtown presence is obviously good for the Bank, because it will raise our visibility in the marketplace. We'll also be better able to establish ourselves as community leaders who are willing to invest in the City and contribute to its revitalization. These factors, along with our continued growth, will result in a definite win for the market."
Kirby Fowler, President of the Downtown Baltimore Partnership, echoed the positive impact of FNB's decision. "First National Bank is a nationally recognized, rapidly growing financial organization. They could choose to establish their regional headquarters most anywhere, but they clearly see the benefit of being in downtown
Pending regulatory and shareholder approvals, the expected acquisition of
Baltimore County Savings Bank in the first quarter of 2014 will add 16 offices in the greater
Baltimore area, bringing First National Bank's
Maryland branch count to 25. Additionally, First National Bank's deposit market share is expected to reach a top ten spot within the
Baltimore metropolitan statistical area.
In addition to a state of the art, full-service branch located on the first floor, FNB's new
Baltimore headquarters will house approximately 50 financial professionals in Retail and Commercial Banking, Wealth Management, Insurance, Treasury Management and Private Banking. Area businesses and busy professionals will have access to one-stop comprehensive financial services at the 300 E. Lombard Office, which is conveniently located within blocks of
Baltimore's Inner Harbor area.
FNB will maintain its presence in
First National Bank Building rendering available.About First National Bank of PennsylvaniaFirst National Bank of Pennsylvania, the largest subsidiary of F.N.B. Corporation (NYSE: FNB), has over 250 full-service locations in
Maryland and West Virginia. First National Bank has been recognized as a winner of six
2012 Greenwich Excellence in Banking Awards in the categories of Small Business Banking and Middle Market Banking, awards presented solely on the basis of client satisfaction.
About F.N.B. Corporation F.N.B. Corporation (NYSE: FNB), headquartered in
Hermitage, 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 and
Cleveland, OH. The Company has total assets of
$12.6 billion and more than 250 banking offices throughout
West Virginia and
Maryland. 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, asset based lending, 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
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
ADDITIONAL INFORMATION ABOUT THE MERGER AND WHERE TO FIND IT
F.N.B. Corporation will file a registration statement on Form S-4 with the SEC. The registration statement will include a proxy statement/prospectus and other relevant documents with the SEC in connection with the merger.
SHAREHOLDERS OF BCSB BANCORP, INC. ARE ADVISED TO READ THE PROXY STATEMENT/PROSPECTUS WHEN IT BECOMES AVAILABLE AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.