HERMITAGE, Pa. and BALTIMORE, Feb. 18,
2014 /PRNewswire/ -- F.N.B. Corporation (NYSE: FNB),
parent company of First National Bank, today announced that on
February 15, 2014, it completed its
merger with BCSB Bancorp, Inc., parent company of Baltimore County
Savings Bank. As a result of the merger, First National Bank
will hold a top ten market share in the greater Baltimore area and operate a total of 24
banking offices in Maryland. Prior
to completing the merger, FNB obtained all required legal and
regulatory approvals, and BCSB shareholders approved the
transaction. Shares of BCSB Bancorp, Inc. will no longer be traded
on the NASDAQ stock exchange.
Vincent J. Delie, Jr., President
and CEO of F.N.B. Corporation commented, "We look forward to
providing full-service banking solutions to our newest clients in
the greater Baltimore area.
We are confident they will find value in the expertise of the
FNB team, as well as our deep product set that includes commercial
and consumer banking, wealth and insurance solutions."
FNB's regional headquarters is located at 300 E. Lombard Street
in downtown Baltimore. In March,
clients will have access to a full-service branch on the first
floor of the headquarters building, which is now known as the First
National Bank building.
Customers in the greater Baltimore area now have access to an expanded
local branch network, as well as First National Bank's
comprehensive selection of products and services that include
commercial and consumer banking services, wealth management,
leasing, insurance and a complete suite of online and mobile
banking options. First National Bank now operates more than 280
branches across its four-state presence.
About F.N.B. Corporation
F.N.B. Corporation (NYSE:
FNB), headquartered in Hermitage,
Pennsylvania, is a regional diversified financial services
company operating in six states and three major metropolitan areas
including Pittsburgh, PA, where it
holds the number three retail deposit market share, Baltimore, MD and Cleveland, OH. Following the completion
of the BCSB Bancorp, Inc. acquisition, the Company has total assets
of $14.2 billion and more than 280
banking offices throughout Pennsylvania, Ohio, West
Virginia and Maryland.
F.N.B. provides a full range of commercial banking, consumer
banking and wealth management solutions through its subsidiary
network, which is led by its largest affiliate, First National Bank
of Pennsylvania. Commercial
banking solutions include corporate banking, small business
banking, investment real estate financing, asset based lending,
capital markets and lease financing. The consumer banking segment
provides a full line of consumer banking products and services
including deposit products, mortgage lending, consumer lending and
a complete suite of mobile and online banking services. F.N.B.'s
wealth management services include asset management, private
banking and insurance. The Company also operates Regency Finance
Company, which has more than 70 consumer finance offices in
Pennsylvania, Ohio, Kentucky and Tennessee.
The common stock of F.N.B. Corporation trades on the New York
Stock Exchange under the symbol "FNB" and is included in Standard
& Poor's SmallCap 600 Index with the Global Industry
Classification Standard (GICS) Regional Banks Sub-Industry Index.
Customers, shareholders and investors can learn more about this
regional financial institution by visiting the F.N.B. Corporation
web site at www.fnbcorporation.com.
SOURCE F.N.B. Corporation