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F.N.B. Corp. (FNB) in Hermitage, Pa., will enter Cleveland after agreeing to buy PVF Capital (PVFC) for roughly $106 million, or $3.98 a share, in stock.
February 19 -
F.N.B. Corp. (FNB) in Hermitage, Pa., is establishing a regional headquarters in downtown Cleveland.
July 11
F.N.B. Corp. (FNB) will cut 57 jobs at PVF Capital (PVFC) in October after it buys the Solon, Ohio, thrift company.
The $11.8 billion-asset F.N.B. notified the state of Ohio about the layoffs on Aug. 7, the Cleveland Plain Dealer reported on Friday. The layoffs equal roughly a third of PVFs work force, the report said.
PVFs shareholders are set to meet on Sept. 25 to vote on the $765 million-asset companys sale. Regulators have already approved the agreement.
F.N.B. agreed to pay $106 million for PVF Capital, giving the Hermitage, Pa., company its
