First National Bank, the largest subsidiary of F.N.B. Corp., plans to open a new regional Loan Production Office in Philadelphia.
The office will facilitate business opportunities for the bank’s commercial and lending services in the southeastern Pennsylvania. The new location will be part of FNB’s strategy to build a stronger presence in markets where there are favorable demographics for business growth.
Employees will work in asset-based lending, corporate banking, equipment finance, international banking, investment real estate, mortgage lending and Small Business Administration lending.
“As a banking leader in the state of Pennsylvania, we are excited to bring our financial expertise and diverse set of commercial products and services to the Philadelphia market to establish new business relationships and better serve our existing clients in the area,” said Vincent J. Delie, Jr., chairman, president and CEO of F.N.B. Corp. and First National Bank. “Our ability to attract seasoned corporate bankers like Jeff Culp provides us with the leadership necessary to successfully expand our commercial client base in the attractive Philadelphia metro area.”
FNB hired Jeffrey Culp as senior vice president of commercial banking. He will oversee employees working with commercial clients in the Philadelphia area. He previously served was market president at BB&T Bank and has a Bachelor of Arts degree in Economics.