RALEIGH, N.C., March 15, 2017 /PRNewswire/ -- F.N.B.
Corporation (NYSE: FNB) has announced regional leadership for its commercial credit function serving the Company's new markets in
North Carolina and South Carolina, entered through the recently
completed acquisition of Yadkin Financial Corporation (Yadkin).
Stephen Grossbauer will lead FNB's regional credit team in the role of Senior Vice
President and Senior Credit Officer. To be based in Raleigh, North Carolina, Grossbauer brings
to the position over 30 years of financial services experience in a variety of credit-related roles, most recently as a Senior
Credit Officer for FNB and including more than 20 years at one of the nation's largest commercial banks.
Maintaining FNB's emphasis on local decision-making, a number of experienced Yadkin
professionals have additionally been named to roles managing regional credit processes. Responsibility for FNB's credit portfolio
in its regions across North Carolina and South Carolina will be
shared by Regional Credit Officers Mason Hawfield , Larry
Clark, Jeffrey Cramer , Edwin Shuford and
Michael Hendricks . Additionally, Kirk Beason and
Craig George will serve as Investment Real Estate Credit Officers and will partner with
Investment Real Estate and Builder Finance lending teams across the state.
"Leveraging FNB's regional model, our credit professionals in North and South Carolina will
work with our local banking teams to provide timely in-market credit decisions," said Gary L.
Guerrieri, Chief Credit Officer of F.N.B. Corporation. "We are confident that Steve's experience with FNB and our regional
teams' extensive knowledge of the market will be an ideal combination to further our efforts to deploy capital efficiently,
responsibly and in line with our strong credit culture."
FNB previously announced details regarding its divisional and regional leadership structure for North Carolina and South Carolina. The FNB-Yadkin merger was completed on
March 11, 2017.
About F.N.B. Corporation
F.N.B. Corporation (NYSE:FNB), headquartered in Pittsburgh, Pennsylvania, is a diversified financial services company operating in eight states. FNB holds a
significant retail deposit market share in attractive metropolitan markets including: Pittsburgh,
Pennsylvania; Baltimore, Maryland; Cleveland, Ohio; and
Charlotte, Raleigh, Durham and
the Piedmont Triad (Winston-Salem, Greensboro and High Point) in North Carolina. The Company has total assets of nearly
$30 billion, and more than 400 banking offices throughout Pennsylvania, Ohio, Maryland, West Virginia, North Carolina and South
Carolina.
FNB provides a full range of commercial banking, consumer banking and wealth management solutions through its subsidiary
network which is led by its largest affiliate, First National Bank of Pennsylvania, founded in
1864. Commercial banking solutions include corporate banking, small business banking, investment real estate financing,
international banking, business credit, capital markets and lease financing. The consumer banking segment provides a full line of
consumer banking products and services, including deposit products, mortgage lending, consumer lending and a complete suite of
mobile and online banking services. FNB's wealth management services include asset management, private banking and insurance. The
Company also operates Regency Finance Company, which has more than 75 consumer finance offices in Pennsylvania, Ohio, Kentucky and
Tennessee. The common stock of F.N.B. Corporation trades on the New York Stock Exchange under
the symbol "FNB" and is included in Standard & Poor's MidCap 400 Index with the Global Industry Classification Standard
(GICS) Regional Banks Sub-Industry Index. Customers, shareholders and investors can learn more about this regional financial
institution by visiting the F.N.B. Corporation website at www.fnbcorporation.com .
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SOURCE F.N.B. Corporation