F.N.B. Corporation (NYSE: FNB) announced several consumer and small business banking leadership appointments serving the Company's new markets inNorth Carolina and South Carolina, which it will enter through the planned acquisition of Yadkin Financial Corporation . FNB will continue to leverage its regional leadership model and will retain a number of experienced Yadkin professionals to fill key Retail Banking and Small Business Banking roles.
"We believe the decisions that best serve our clients' needs are made by local, experienced bankers who understand the markets they serve," said Vincent J. Delie, Jr., Chief Executive Officer and President of F.N.B. Corporation. "Local leadership has always been central to FNB's business model, and we are excited to continue to build out our proven approach in North and South Carolina with the exceptional talent joining us from Yadkin."
Responsibility for the Company's consumer or Retail Banking strategy in its new regions will be shared byAndrea "Andy" Bunn, Regional Banking Executive for Western North Carolina, and David McCullen, Regional Banking Executive for Eastern North Carolina. Bunn's area of responsibility will span the Bank's newPiedmont and Charlotte Regions, extending from Charlotte, to Statesville, to Greensboro, NC. McCullen will manage efforts in the Greater Triangle (Raleigh-Durham-Chapel Hill) and Eastern North Carolina Regions.
Mark Patafio has been named Senior Vice President and Senior Sales Manager for Small Business Banking. In his new role with FNB, Patafio will oversee business development and relationship management for small business clients and prospects across all regions in the state of North Carolina.
FNB announced its intent to merge with Yadkin in July 2016. Details regarding additional regional leadership positions were released in August 2016 with additional information to be announced as it becomes available. With the acquisition of Yadkin on a combined pro forma basis, FNB will have nearly $30 billion in total assets and more than 400 full-service banking offices.
About F.N.B. Corporation
F.N.B. Corporation (NYSE: FNB), headquartered in Pittsburgh, Pennsylvania, is a diversified financial services company. On a combined, pro forma basis, including the proposed acquisition of Yadkin Financial Corporation ("Yadkin"), FNB will operate in eight states and seven major metropolitan areas. FNB holds a significant retail deposit market share in Pittsburgh, Pennsylvania, Baltimore, Maryland, and Cleveland, Ohio, and, assuming theYadkin acquisition is completed, will add Charlotte, Raleigh-Durham and the Piedmont Triad (Winston-Salem,Greensboro and High Point) in North Carolina. If the proposed Yadkin acquisition is completed ("Transaction"), the Company will have total combined, pro forma assets of nearly $30 billion, and more than 400 banking offices throughout Pennsylvania, Ohio, Maryland, West Virginia, North Carolina and South Carolina. FNB 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, founded in 1864. Commercial banking solutions include corporate banking, small business banking, investment real estate financing, international banking, business credit, 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. FNB'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, Kentuckyand 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 MidCap 400 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 athttp://www/fnbcorporation.com
