fbpx

F.N.B. announces shareholder approval for planned merger

A Pennsylvania bank with presence in the midstate has announced the closing of its merger with a Maryland banking company.

F.N.B. Corp., based in Hermitage, said this week the shareholders of BCSB Bancorp Inc. have approved the agreement and merger plan between the two banks.
F.N.B. announced the framework for the merger in June. According to the agreement, shareholders of BCSB will be entitled to receive 2.08 shares of F.N.B. common stock for each common share of BCSB stock they own.
All regulatory approvals for the merger had been secured by Dec. 5, according to F.N.B. BCSB is the Baltimore-based holding company and parent of Baltimore County Savings Bank. It has 16 banking locations that will be transferred to F.N.B.
The merger is expected to close Feb. 15.
F.N.B. Corp. is the parent company of First National Bank. The company has four midstate branches, in Cumberland, Dauphin and York counties, and trades on the New York Stock Exchange under the ticker symbol FNB.

Kathryn Morton
Kathryn Morton is the managing editor for design. Email her at kathrynm@cpbj.com.

Business Events

Game Changers

Monday, November 02, 2020
Game Changers

Real Estate & Development Summit

Tuesday, November 10, 2020
Real Estate & Development Summit

2020 Human Resources Summit

Thursday, November 12, 2020
2020 Human Resources Summit

Best Places to Work in PA

Thursday, December 03, 2020
Best Places to Work in PA