F.N.B. Corporation

Rank#2751

Market Cap6.21B

CountryUnited States

Summary

F.N.B. Corporation, a financial holding company, provides a range of financial services primarily to consumers, corporations, governments, and small- to medium-sized businesses. The company operates through three segments: Community Banking, Wealth Management, and Insurance. It offers commercial banking solutions, including corporate and small business banking, investment real estate financing, business credit, capital market, and lease financing services. The company also provides consumer banking products and services, such as deposit products, mortgage and consumer lending services, and mobile and online banking services; and wealth management services comprising personal and corporate fiduciary services comprising administration of decedent and trust estates; securities brokerage and investment advisory services, mutual funds, and annuities; and commercial and personal insurance, and reinsurance products, as well as mezzanine financing options for small- to medium-sized businesses. As of December 31, 2021, it operated 334 banking offices in Pennsylvania, Ohio, Maryland, West Virginia, North Carolina, South Carolina, Washington, D.C., and Virginia. F.N.B. Corporation was founded in 1864 and is headquartered in Pittsburgh, Pennsylvania.

History

First National Bank was founded in Mercer County, Pennsylvania in 1864 under the name The First National Bank of West Greenville and operated out of the house of then Bank President, Samuel P. Johnston, in Greenville, Pennsylvania. The bank dropped "West" from its name in the 1880s after the town did the same.

The bank remained a fixture in Mercer County through World War I, the Great Depression and World War II. In 1946, bank assets totaled approximately $2 million and the bank was still housed in one office.

Across the next three decades, the bank continued to grow, and in 1974, FNB Corporation was established as a financial services holding company for a growing family of business entities which included the bank, under the name The First National Bank of Mercer County and with an asset size of $120 million, and Regency Finance Company.

Along with completing the acquisition of ten branch offices from First National Bank of Pennsylvania in July 1992, First National Bank of Mercer County acquired the name and formally changed its name to the current First National Bank of Pennsylvania. Around this time, the First National Bank of Western Pennsylvania in nearby New Castle changed its name to First Western Bank to avoid confusion; that bank is now part of Huntington Bancshares after several other mergers.

As of 2003, the company had grown to assets of $4.6 billion with more than 125 banking offices and began trading common shares on the New York Stock Exchange under the ticker symbol “FNB.” Today, it is included in Standard & Poor’s MidCap 400 Index with the Global Industry Classification Standard Regional Banks Sub-Industry Index.

Current Chief Executive Officer Vincent J. Delie, Jr., joined the bank in 2005 as president of the Pittsburgh Region. Since then, the company has shown tremendous growth, both organically and through a series of major mergers.As of 2017, FNB is the second largest bank based in Pennsylvania measured by assets.

Mission

To help our customers achieve economic success and financial security by building enduring, mutually beneficial relationships based on trust and integrity. To build a diverse workforce where employees can learn, grow and prosper as contributing members of a winning team. To create a sustainable, long-term value for our shareholders. To improve the quality of life in the communities we serve.

Vision

Our vision is to be an industry leader in creating value for our customers, employees, shareholders and the communities we serve. We will accomplish this through our team’s passion for providing an exceptional customer experience with a diverse workforce that is inclusive, encouraged, recognized and rewarded for delivering on this vision.

References

https://en.wikipedia.org/wiki/FNB_Corporation

https://in.investing.com/equities/fnb-corp-company-profile

https://finance.yahoo.com/quote/FNB/profile?p=FNB

https://www.comparably.com/companies/first-national-bank/mission

https://www.crunchbase.com/organization/f-n-b-corporationn

https://sec.report/CIK/0000037808

https://companiesmarketcap.com/

https://www.fnb-online.com

Leadership team

Mr. Vincent J. Delie Jr. (Chairman, Pres & CEO)

Mr. Vincent J. Calabrese Jr. (Chief Financial Officer)