Pittsburgh-based F.N.B. Corp., a diversified financial services company, completed its merger with Maryland-based Howard Bancorp., effective Jan. 22, for $418 million.
Customer and branch branding conversion is expected to be completed on Feb. 7.
“The acquisition of Howard provides scale, financially and strategically, in the dynamic Mid-Atlantic market,” said Vincent J. Delie, Jr., F.N.B. Corp. chairman, president and CEO. “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.”
With the merger complete, F.N.B. has approximately $27 billion in total loans, $33 billion in total deposits, and $42 billion in total assets.
Howard had branches in Maryland, Washington, D.C., and northern Virginia, with assets totaling $2.6 billion.
On Feb. 7, Howard customers will have access to F.N.B.’s online and mobile banking. They also will have access to a more expansive suite of products and services.
F.N.B. Corp. operates in seven states and the District of Columbia and has 340 banking offices. It offers commercial banking, consumer banking, and wealth management solutions. This is the company’s largest bank deal since buying Yadkin Financial Corp. in March 2017.
F.N.B. announced the merger on July 13.