F.N.B. Corp. (FNB) in Hermitage, Pa., is establishing a regional headquarters in downtown Cleveland.
The $12 billion-asset company said Tuesday that it plans to open First National Bank of Pennsylvania branch by the start of the fourth quarter. The branch will target area businesses and busy professionals, the company said.
First National already has 15 branches in Ohio. Earlier this year, F.N.B. agreed to buy PVF Capital (PVFC), which has 16 banking branches around Cleveland. F.N.B. has 280 branches in Pennsylvania, Ohio, Maryland and West Virginia, according to the Federal Deposit Insurance Corp.
"We're excited about the opportunity to establish operations in Cleveland's central business district," Vincent Delie Jr., the company's president and chief executive, said in a press release.
This June, F.N.B. agreed to buy BCSB Bancorp (BCSB) in Baltimore.