Pittsburgh-based F.N.B. Corp., a diversified financial services company operating in seven states and the District of Columbia, recently expanded its public finance offerings with municipal bond underwriting.
FNB America Securities LLC, FNB’s broker-dealer subsidiary, will offer the service. Employees will underwrite bonds based on current interest rates, comparable deals, and supply and demand dynamics.
The addition enhances FNB’s ability to serve municipal clients and prospects with the capital necessary to fulfill their financing needs, and leverages the company’s advanced data collection and analytical capabilities. Municipal bond underwriting builds on the company’s Capital Markets umbrella suite of products and solutions.
“As we continue to enhance Capital Markets offerings, municipal bond underwriting is a natural addition and reinforces our commitment to serve thousands of customers and prospects who qualify for public financing,” Vincent J. Delie, Jr., F.N.B. Corporation and First National Bank, chairman, president and CEO, said. “With our expansive product offering, FNB has positioned itself as a trusted partner and bank of choice for businesses and municipalities throughout our footprint.”
A year ago, the company purchased Pittsburgh-based advisory firm Raptor Partners to boost its investment banking services for public and private businesses. Raptor Partners also became part of Capital Markets.