F.N.B Corp., the parent company of First National Bank of Pennsylvania, recently announced that it has formally established its headquarters in Pittsburgh.
He company has held its regional headquarters in Pittsburgh's North Shore neighborhood since 2004. Pittsburgh, according to the company, is its second largest market and has contributed significantly to its $14.5 billion in assets.
The announcement makes F.N.B. Corp. the second largest bank holding company in the city.
"Naming Pittsburgh as F.N.B. Corporation's official headquarters is a logical progression in our evolution as a regional financial services organization," F.N.B. Corp. President and CEO Vincent J. Delie, Jr., said. "Pittsburgh currently serves as the headquarters for our Wealth and Insurance lines of business, and its close proximity to Hermitage permits us to recruit effectively for both locations. This broadens our pool of potential employees, allowing us to choose from among the top financial professionals in the country to support our continued expansion."
F.N.B. will maintain its operations and support centers in Hermitage, Pa. The bank's charter will remain in Greenville, Pa., where it was established 150 years ago. The company employs more than 3,200 people, with 1,800 employees in the western part of the state and approximately 800 based in Pittsburgh.
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