F.N.B. in Pennsylvania Creating Regional Office in Cleveland

By Michelle Zheng July 11, 2013, 1:11 p.m. EDT 1 Min Read

Community banking

F.N.B. Chief Remains Open to Acquisitions

Vincent Delie recently mentioned Maryland, Pittsburgh and Cleveland as target markets, though he expressed lukewarm interest in Philadelphia.

By Paul Davis

May 6
M&A

How Activism Paid Off for This Investor and His Ohio Bank

Investor Umberto Fedeli began pushing for changes at PVF Capital as early as 2007. After joining the board, helping the company turn itself around and eventually sell itself, he reflects on what it took to survive.

By Robert Barba

March 21
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Patient F.N.B. Lands PVF to Fuel Expansion in Cleveland

F.N.B. in Pennsylvania announced Tuesday it would acquire PVF Capital, a rehabbed thrift, as a platform for C&I growth in Cleveland.

By Robert Barba

February 19

F.N.B. Corp. (FNB) in Hermitage, Pa., is establishing a regional headquarters in downtown Cleveland.

The $12 billion-asset company said Tuesday that it plans to open First National Bank of Pennsylvania branch by the start of the fourth quarter. The branch will target area businesses and busy professionals, the company said.

First National already has 15 branches in Ohio. Earlier this year, F.N.B. agreed to buy PVF Capital (PVFC), which has 16 banking branches around Cleveland. F.N.B. has 280 branches in Pennsylvania, Ohio, Maryland and West Virginia, according to the Federal Deposit Insurance Corp.

"We're excited about the opportunity to establish operations in Cleveland's central business district," Vincent Delie Jr., the company's president and chief executive, said in a press release.

This June, F.N.B. agreed to buy BCSB Bancorp (BCSB) in Baltimore.

Michelle Zheng