F.N.B. Corporation (NYSE: FNB) announced that on October 19, 2016, Scott Custer, President and Chief Executive Officer of Yadkin Financial Corporation (Yadkin), was elected to the Company's Board of Directors and to the Board of its wholly-owned subsidiary, First National Bank of Pennsylvania. Custer's election to the boards will become effective upon the planned completion of FNB's merger with Yadkin in early 2017. Pending final board approval, Custer is also expected to serve on the Company's Credit Risk and Community Reinvestment Act (CRA) Committee which focuses on compliance related matters such as credit policy, CRA policy, fair lending activities and affirmative credit programs.
With more than 25 years of experience in the financial services industry, Custer has held senior executive roles with a number of North Carolina-based financial institutions, including RBC Bank (USA), Yadkin predecessor VantageSouth Bancshares and Piedmont Community Bank Holdings, Inc. Custer is an active and respected member of the North Carolina business and banking communities, and serves on the Board of Trustees for both the College of William Mary and William Peace University and on the Board of Directors of the Medical Foundation of North Carolina. He holds a bachelor's degree in economics and business administration from the College of William and Mary.
About F.N.B. CorporationF.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 the Yadkin 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 75 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 website at http://www.fnbcorporation.com.
