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Nalbandian elected to F.N.B.’s board
Michael Sadowski//February 17, 2016
Nalbandian will serve on the board of directors for both Pittsburgh-based F.N.B. Corp. and its subsidiary, First National Bank of Pennsylvania.
He starts March 1. Nalbandian had been chairman of Metro Bancorp’s board of directors before F.N.B. acquired Metro, the former Dauphin County bank holding company, last weekend.
In the acquisition agreement, F.N.B. said it would put someone from Metro’s board on the F.N.B. board.
Until now, F.N.B. hadn’t named anyone to the board, but F.N.B. spokeswoman Jennifer Reel said there was nothing “magic” about the announcement’s timing.
“Typically, for us, we wait until closer to the end of the merger process (to name a new board member),” she said. “This time, the timing just happened to come at the actual close.”
Reel said Nalbandian is filling a new board position, not a vacant one.
