FNB Corporation is a diversified financial services company headquartered in Pittsburgh, Pennsylvania, and is the holding company of its largest subsidiary, First National Bank. As of March 28, 2024, FNB's total assets were close to $46 billion. FNB's market coverage spans several major metropolitan areas, including Pittsburgh, Pennsylvania; Baltimore, Maryland; Cleveland, Ohio; Washington, D.C.; the Charlotte, Raleigh, Durham, and Piedmont Triads (Winston-Salem, Greensboro, and High Point) in North Carolina; and Charleston, South Carolina, with approximately 350 offices. The company has approximately 4,200 employees.

History

First National Bank was founded in Mercer County, Pennsylvania in 1864 as First National Bank of West Greenville and operated from the home of Samuel P. Johnston, then president of the bank in Greenville, Pennsylvania. The bank dropped "West" from its name in the 1880s because the town did the same.

The bank remained a fixed bank in Mercer County during World War I, the Great Depression, and World War II. In 1946, the bank's assets totaled about $2 million and the bank was still housed in one office.

FNB Corporate Branch, April 2015

Over the next three decades, the bank continued to grow and was founded in 1974, FNB Corporation was a financial services holding company serving a growing family of business entities, which included the bank, known as First National Bank of Mercer County, with $120 million in assets, and Regency Financial Corporation.

In July 1992, with the acquisition of 10 branches from First National Bank of Pennsylvania, First National Bank of Mercer County acquired the name and officially changed its name to what is now First National Bank of Pennsylvania. Around this time, First National Bank of Western Pennsylvania, located near Newcastle, changed its name to First Western Bank to avoid confusion; following several other mergers, the bank is now part of Huntington Bank Shares.

As of 2003, the company had grown to $4.60 billion in assets, had more than 125 bank offices, and began trading common stock on the New York Stock Exchange under the ticker symbol FNB. Today, it is included in the Standard & Poor's Mid-Cap 400 Index and the Global Industry Classification Standard (GICS) Regional Banking Subsector Index.

Current CEO Vincent J. Delie, Jr. Joined the bank in 2005 as president of the Pittsburgh region. Since then, the company has experienced tremendous growth through a series of major mergers.

As of 2017, FNB was the second largest bank in Pennsylvania, measured by assets.

Facilities

In July 2014, FNB announced that Pittsburgh had officially become the company's headquarters. FNB's growth in Pittsburgh has expanded from a single bank office in 1997 to nearly 100 locations and ranks among the top three in today's retail deposit market share.

In May 2017, FNB announced that its regional headquarters would be located in a 22-story building in Raleigh called the FNB Tower. The building broke ground in December 2017 and opened in December 2019.

In March 2018, FNB announced that it would build a 31-story tower in Charlotte to serve as its regional headquarters. The building was completed and opened in July 2021.

In December 2019, FNB announced the relocation of its current corporate headquarters operations on Pittsburgh's North Shore to a new 26-story building called the FNB Financial Center in downtown Pittsburgh. FNB, the Pittsburgh Penguins, Clay Cove Capital, and The Buccini/Pollin Group broke ground on September 1, 2021

FNB has acquired many other companies over its long life cycle. Some recent examples are listed below:

In 2012, FNB acquired Parkvale Savings Bank, located in Monroeville.

In 2015, FNB acquired Metro Bank (formerly Commercial Bank) in Harrisburg.

In 2016, FNB agreed to a $1.40 billion deal with Yadkin Financial in Raleigh, North Carolina, the largest in the company's history, giving FNB 98 branches in North Carolina. The merger was completed on March 11, 2017.

In 2021, the acquisition of Howard Bank, Maryland was completed on January 22, 2022.

In June 2022, FNB announced the acquisition of UB Bancorp in Greenville, North Carolina, with $1.20 billion in assets and 15 Union Bank branches, with a stock value of $117 million. The transaction was completed on December 12.

LEADERSHIP

Vincent J. Delie, Jr. is Chairperson, President and CEO of FNB Corporation and First National Bank. He joined FNB in 2005 as Head of the Pittsburgh Region. Delie became a member of First National Bank's Board of Directors in 2009. In 2011, Delie became FNB Corpo.

FNB affiliates

FNB Corporation operates several financial services subsidiaries, including:

• First National Bank of Pennsylvania, its largest subsidiary, with approximately 350 offices in six states (as of October 2020)
• First National Trust Corporation established in 1934
• FNB Investment Services for individuals, corporations, and retirement funds
• FNB Investment Advisors, Inc., an investment advisor registered under the Registered Investment Advisers Act of 1940 and the Securities Exchange Commission and the Pennsylvania Securities Commission
• Li >
• First National Insurance Agency, providing property and casualty, employee benefits and life insurance