FNB Corp (NYSE: FNB), a diversified financial services company, has merged with Baltimore-based Howard Bancorp Inc.
Following the deal, FNB has approximately $42 billion in total assets, $27 billion in total loans and $33 billion in total deposits. All Howard customers will have access to FNB’s enhanced online and mobile banking technology. Additionally, FNB new customers will have access to a more expansive suit of products and services.
“The acquisition of Howard provides scale, financially and strategically, in the dynamic Mid-Atlantic market,” said Vincent Delie, Jr., chairman, president and CEO of F.N.B. Corporation. “We look forward to welcoming our new customers to an innovative experience, highlighted by comprehensive digital capabilities and a deep commitment to the clients, employees and communities we serve.”