Pittsburgh-based F.N.B. Corporation recently completed its purchase of North Carolina-based UB Bancorp, including its wholly-owned banking subsidiary, Union Bank.
“The Union Bank acquisition leverages FNB’s current investments in the fast-growing North Carolina markets, which now have more than 110 FNB branches and over 300 ATMs while also providing a favorable deposit mix,” said Vincent J. Delie, Jr., chairman, president, and CEO of F.N.B. Corporation. “We are excited to welcome Union Bank’s customers and introduce them to a more expansive suite of products and services, such as Insurance, Wealth Management, Private Banking, Treasury Management, Mortgage Banking, and Capital Markets and Debt Capital Markets capabilities.”
The purchase expands FNB’s presence in North Carolina.
FNB now has nearly $44 billion in total assets, $29 billion in total loans, and $35 billion in total deposits on a proforma basis.
Union customers now have access to FNB’s online and mobile banking technology.
F.N.B. Corp. has approximately 340 banking offices in Pennsylvania, North Carolina, Maryland, Ohio, South Carolina, Washington, D.C., West Virginia, and Virginia. Its North Carolina locations are in Charlotte, Raleigh, Durham, and the Piedmont Triad (Winston-Salem, Greensboro, and High Point).
FNB provides commercial banking, consumer banking, and wealth management solutions through its subsidiary network.