First National Bank buys 17 branches and $383m in deposits from Fifth Third BankStaff writer ▼ | September 8, 2015
First National Bank of Pennsylvania, the largest subsidiary of F.N.B. Corporation, entered into a deal to acquire approximately $383 million in retail and private banking deposits, 17 branch banking locations and related consumer loans in the Pittsburgh MSA from Fifth Third Bank.
Acquisition F.N.B. Corporation is spreading
Customers of the acquired branches will receive information regarding the transfer of their accounts in the next few months.
FNB, headquartered in Pittsburgh, was also recently named a top place to work for a fifth consecutive year by two separate Pittsburgh publications. F.N.B. holds a top retail deposit market share in Pittsburgh, PA, Baltimore, MD, and Cleveland, OH. F.N.B. has total pro-forma assets (with the proposed merger of Metro Bancorp, Inc.) of $19.6 billion and more than 300 banking offices throughout Pennsylvania, Maryland, Ohio and West Virginia. ■