F.N.B. Corporation, the parent company of First National Bank, has completed two significant transactions in recent years, involving the acquisition of UB Bancorp and the merger with Howard Bancorp, Inc.
Key Facts
- F.N.B. Corporation completed a merger with Howard Bancorp, Inc. in January 2022.
- F.N.B. Corporation completed the acquisition of UB Bancorp, including its subsidiary Union Bank, in December 2022.
- F.N.B. Corporation is a diversified financial services company operating in several states, including Pennsylvania, Maryland, Ohio, and North Carolina.
- First National Bank is a subsidiary of F.N.B. Corporation and has been in operation since 1864.
Acquisition of UB Bancorp
In December 2022, F.N.B. Corporation acquired UB Bancorp, including its subsidiary Union Bank. This transaction expanded F.N.B.’s presence in the Maryland, Virginia, and Washington, D.C. metropolitan areas. [3]
Merger with Howard Bancorp, Inc.
In January 2022, F.N.B. Corporation merged with Howard Bancorp, Inc. This merger strengthened F.N.B.’s position in the Baltimore, Maryland market and expanded its operations into the Delaware market. [1]
About F.N.B. Corporation
F.N.B. Corporation is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. It operates in several states, including Pennsylvania, Maryland, Ohio, and North Carolina. [2]
About First National Bank
First National Bank is a subsidiary of F.N.B. Corporation and has been in operation since 1864. It provides a range of financial services to individuals, businesses, and municipalities. [4]
References
[1] F.N.B. Corporation Completes Merger with Howard Bancorp, Inc. (2022, January 28). F.N.B. Corporation. https://www.fnb-online.com/about-us/newsroom/press-releases/2022/fnb-corporation-completes-merger-with-howard-bancorp-inc
[2] Mergers and Acquisitions. (n.d.). F.N.B. Corporation. https://www.fnb-online.com/About-Us/Investor-Information/Mergers-and-Acquisitions
[3] F.N.B. Corporation Completes Acquisition of UB Bancorp, Inc. (2022, December 12). F.N.B. Corporation. https://www.fnb-online.com/about-us/newsroom/press-releases/2022/fnb-corporation-completes-acquisition-of-ub-bancorp-221212
[4] About Us. (n.d.). First National Bank. https://www.fnb-online.com/about-us
FAQs
Who bought First National Bank?
F.N.B. Corporation acquired First National Bank through its merger with Howard Bancorp, Inc. in January 2022.
What is F.N.B. Corporation?
F.N.B. Corporation is the parent company of First National Bank and is a diversified financial services company operating in several states, including Pennsylvania, Maryland, Ohio, and North Carolina.
When did F.N.B. Corporation acquire First National Bank?
F.N.B. Corporation acquired First National Bank through its merger with Howard Bancorp, Inc. in January 2022.
What other banks has F.N.B. Corporation acquired?
F.N.B. Corporation has also acquired UB Bancorp, including its subsidiary Union Bank, in December 2022.
Where is First National Bank headquartered?
First National Bank is headquartered in Hermitage, Pennsylvania.
How many states does F.N.B. Corporation operate in?
F.N.B. Corporation operates in several states, including Pennsylvania, Maryland, Ohio, and North Carolina.
What financial services does First National Bank offer?
First National Bank offers a range of financial services to individuals, businesses, and municipalities.
What year was First National Bank founded?
First National Bank was founded in 1864.