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The Pennsylvania company is raising $150 million. Two-thirds of it will go toward redeeming trust-preferred securities, but the remaining funds could be used to do bigger deals.
October 31 -
Bank of Georgetown in Washington, D.C., is moving its corporate headquarters and opening an adjacent branch.
February 5
F.N.B. Corp. (FNB) has moved its corporate headquarters to Pittsburgh.
The $14.3 billion-asset company
The move "is a logical progression in our evolution as a regional financial services organization," Vincent Delie Jr., the company's president and chief executive, said in the release. "Pittsburgh currently serves as the headquarters of our wealth and insurance lines of business, and its close proximity to Hermitage permits us to recruit effectively for both locations."
F.N.B has expanded its Pittsburgh campus in recent years to include executive offices, as well as marketing, commercial banking and capital markets units. The company will maintain operations and support divisions at its Hermitage location. It will also keep its Greenville, Pa., bank charter.
F.N.B. has made headlines in recent years for its aggressive acquisition strategy. The company last year
F.N.B. also bought the $1.8 billion-asset
F.N.B. is the parent company of First National Bank of Pennsylvania and Regency Finance Co. The company has more than 280 bank branches and 70 consumer finance offices in Pennsylvania, Ohio, Maryland, West Virginia, Kentucky and Tennessee.
