FNB Corporation

FNB Corporation

Company type	Public
Industry	Financial services
Founded	1864
Founder	Samuel P. Johnston (as The First National Bank of West Greenville)
Headquarters	Pittsburgh , United States
Area served	Pennsylvania, Maryland, Ohio, Washington, D.C., North Carolina, South Carolina
Key people	Vincent J. Delie, Jr. (Chairman, President & CEO)
Products	Banking, Trust services, Investment services, Insurance
Number of employees	4200 (2025)
Website	www.fnbcorporation.com

FNB Corporation is a multifaceted financial services firm based in Pittsburgh, Pennsylvania, serving as the parent company for its principal subsidiary, First National Bank. By June 30, 2025, FNB reported total assets approaching $50 billion. Its operational footprint spans key metropolitan regions including Pittsburgh, Baltimore, Cleveland, Washington, D.C., and prominent cities across North and South Carolina, maintaining around 350 branches staffed by approximately 4,200 employees.

History

The origins of First National Bank trace back to 1864 in Mercer County, Pennsylvania, when it was founded as The First National Bank of West Greenville. Initially, its operations were conducted from the residence of Samuel P. Johnston, the bank's president, located in Greenville, Pennsylvania. The institution removed "West" from its name during the 1880s following the town’s renaming.

The bank navigated significant historical challenges such as World War I, the Great Depression, and World War II, steadily growing its assets to about $2 million by 1946 while still operating from a single location.

Substantial expansion occurred over the subsequent thirty years. In 1974, FNB Corporation was established as a financial services holding company that included the bank—then known as The First National Bank of Mercer County with $120 million in assets—and Regency Finance Company.

In July 1992, the bank acquired ten branches from First National Bank of Pennsylvania and adopted its current name, First National Bank of Pennsylvania. Around this time, to prevent confusion with First National Bank of Western Pennsylvania—which later rebranded as First Western Bank and eventually merged into Huntington Bancshares—the latter changed its name.

By 2003, FNB had expanded to $4.6 billion in assets with more than 125 branches and began trading on the New York Stock Exchange under the ticker symbol FNB. It is presently part of the Standard & Poor's MidCap 400 Index and classified within the GICS Regional Banks Sub-Industry Index.

Vincent J. Delie, Jr., who joined in 2005 as president of the Pittsburgh Region and now serves as CEO, has driven notable organic growth alongside strategic acquisitions. As of 2017, FNB holds the position of Pennsylvania’s second-largest bank by asset size.

Facilities

In July 2014, FNB officially established Pittsburgh as its corporate headquarters. Since 1997, the bank has expanded from a single branch to nearly 100 locations in the city, capturing a top-three share of retail deposits locally.

In May 2017, FNB announced plans for its regional headquarters in Raleigh with the development of the 22-story FNB Tower. Construction began in December 2017 and concluded with the building’s opening in December 2019.

March 2018 saw FNB commit to anchoring a new 31-story tower in Charlotte to serve as its regional headquarters—FNB Tower Charlotte—which opened its doors in July 2021.

In December 2019, FNB unveiled intentions to move its Pittsburgh corporate headquarters from the North Shore to a newly constructed 26-story tower located in the Hill District. Groundbreaking occurred on September 1, 2021; FNB relocated into the LEED Gold-certified FNB Financial Center in November 2024 and marked its grand opening in February 2025.

Acquisitions

Throughout its history, FNB has grown significantly by acquiring various institutions. Notable recent acquisitions include:

In 2012, FNB took over Parkvale Savings Bank located in Monroeville, Pennsylvania.

In 2015, FNB completed the purchase of Metro Bank (previously Commerce Bank) based in Harrisburg.

The most substantial transaction so far was the $1.4 billion purchase of Yadkin Financial from Raleigh, North Carolina, in 2016, which expanded FNB’s footprint by adding 98 branches within North Carolina. This merger was finalized on March 11, 2017.

In 2021, FNB acquired Howard Bancorp (operating as Howard Bank) of Maryland, with the merger concluding on January 22, 2022.

In June 2022, FNB revealed plans to acquire UB Bancorp of Greenville, North Carolina, through a $117 million stock transaction. UB Bancorp held $1.2 billion in assets and operated 15 Union Bank branches. The acquisition was completed on December 12, 2022.

Leadership

Vincent J. Delie, Jr. holds the positions of chairman, president, and CEO at both FNB Corporation and First National Bank. He became part of FNB in 2005 as the leader of the Pittsburgh Region and joined the board in 2009. Delie was appointed president of FNB Corporation in 2011 and elevated to CEO and board member in 2012. After John Williams retired in 2015, Delie resumed his role as president of First National Bank. His leadership has been recognized with several accolades, including being named CEO of the Year by The CEO Magazine.

Prior to joining FNB, Delie served as Executive Vice President of Corporate Banking at National City Bank and held multiple senior roles within financial services. He earned a Finance degree from Penn State's College of Business.

FNB affiliates

FNB Corporation’s principal financial services subsidiaries encompass:

• First National Bank of Pennsylvania — its largest entity with roughly 350 branches spanning seven states plus Washington, D.C. (as of July 2025)
• First National Trust Company — founded in 1934
• FNB Investment Services — catering to individuals, businesses, and retirement plans
• FNB Investment Advisors, Inc. — a registered investment adviser under the Investment Advisers Act of 1940 and registered with the SEC
• First National Insurance Agency — offering Property and Casualty, Employee Benefits, and Life Insurance solutions