F.N.B. in Pittsburgh to Issue $100M of Subordinated Debt

By Tanaya Macheel September 30, 2015, 11:45 a.m. EDT 1 Min Read

M&A

F.N.B. to Buy Metro Bancorp in Pennsylvania for $474M

F.N.B. Corp. in Pittsburgh has agreed to buy Metro Bancorp in Harrisburg, Pa.

By Paul Davis

August 4
Community banking

FCC Cites F.N.B. in Pennsylvania for Policy on Robo-Texts

Federal regulators have cited F.N.B. Corp. in Pittsburgh for violating rules to protect consumers from unwanted, automated text messages.

By Andy Peters

September 11
M&A

NexTier to Buy Eureka Financial in Pittsburgh

NexTier in Butler, Pa., has agreed to buy Eureka Financial in Pittsburgh.

By Paul Davis

September 3

F.N.B. in Pittsburgh plans to raise $100 million through an offering of subordinated debt.

The $17 billion-asset holding company for First National Bank of Pennsylvania plans to use the proceeds for general corporate purposes, according to a Wednesday news release. The offering is expected to close Friday.

The notes will carry a fixed interest rate of 4.875% and will mature in 2025.

F.N.B. has been active acquirer this year, with an agreement to buy 17 Fifth Third branches in Pittsburgh and five Bank of America branches in eastern Pennsylvania. It also agreed in August to acquire Metro Bancorp in Harrisburg, Pa.

RBC Capital and Sandler O'Neill are joint book-running managers on the offering.

Tanaya Macheel

Reporter

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