PITTSBURGH, June 24,
2024 /PRNewswire/ -- F.N.B. Corporation (NYSE:
FNB) announced today that Chairman, President and Chief Executive
Officer Vincent J. Delie, Jr.,
hosted Pennsylvania Governor
Josh Shapiro for a tour of its new
headquarters, FNB Financial Center, on June
18, 2024.
Located in Pittsburgh's Hill
District, a historic majority-minority community, FNB Financial
Center anchors a development that is the catalyst for an expected
nearly $1 billion in economic
expansion for the region. One of the most socially responsible
urban redevelopment projects taking place in the U.S. — and one of
the only projects of its magnitude underway in Pittsburgh — the development will result in
the creation of thousands of jobs (construction and permanent) and
stimulate essential additional tax revenue for the city.
"By investing heavily in Pittsburgh and building its new headquarters
there — FNB Financial Center — FNB is sending a powerful message
about their commitment to Western
Pennsylvania," said Governor Shapiro. "FNB leadership is
committed to growing here in Pennsylvania and supporting communities across
our Commonwealth, and I'm hopeful FNB Financial Center will serve
as an engine for growth in Pittsburgh and the entire region."
Delie added, "FNB's investment in FNB Financial Center drives
employment opportunities and economic expansion that translate
directly to broader prosperity for our communities. We appreciate
the support we have received from the Governor's Office and
Commonwealth of Pennsylvania
throughout our project's planning and implementation and are proud
of our Company's role in Pittsburgh's bright future."
FNB Financial Center is slated to open later in 2024, which is
FNB's 160th year in business. Intended to accommodate FNB's
continued growth, the 26-story LEED Silver-certified building adds
modern workspace and best-in-class amenities designed to attract
talent and businesses to the downtown area.
Under Delie's leadership, FNB ensured its headquarters
development would bring economic benefits to the community. The
Company assisted in the monetization of the Local Economic
Revitalization Tax Assistance (LERTA) tax benefit that generated
approximately $7.2 million available
to be distributed to the community. In addition, FNB financed
multiple projects across the Hill District to promote low-income
and minority home ownership, business formation and development,
financial literacy and wealth building. To enable local individuals
and businesses to participate in the construction of its building,
FNB has supported job training programs and invested in a fund that
provides capital for minority-owned construction firms — and the
development team collectively continues to be on track to exceed
its significant commitments to include minority- (30 percent) and
women-owned (15 percent) businesses in construction. FNB also has
been a strong contributor to the Hill District Federal Credit
Union, providing capital and other support. Learn more about FNB
Financial Center and FNB's overarching community commitment.
About F.N.B. Corporation
F.N.B. Corporation (NYSE:
FNB), headquartered in Pittsburgh,
Pennsylvania, is a diversified financial services company
operating in seven states and the District of Columbia. FNB's market coverage
spans several major metropolitan areas, including: Pittsburgh, Pennsylvania; Baltimore, Maryland; Cleveland, Ohio; Washington, D.C.; Charlotte, Raleigh, Durham and the Piedmont Triad (Winston-Salem, Greensboro and High
Point) in North Carolina;
and Charleston, South Carolina.
The Company has total assets of nearly $46
billion and approximately 350 banking offices throughout
Pennsylvania, Ohio, Maryland, West
Virginia, North Carolina,
South Carolina, Washington, D.C. and Virginia.
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, government
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 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 www.fnbcorporation.com.
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SOURCE F.N.B. Corporation