secwatch.observer — SEC 8-K summary
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Issuer:     FNB CORP/PA/ (FNB)
CIK:        0000037808
Form:       8-K
Filed at:   2021-07-13T23:59:59+00:00
Accession:  0001193125-21-213678
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FNB to acquire Howard Bancorp in $418M all-stock deal
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- Transaction valued at $21.96/share; Howard stockholders receive 1.8 FNB shares per share.
- Pro forma FNB: ~$41B assets, $32B deposits, $27B loans; expects 4% EPS accretion, minimal TBV dilution.
- Howard has $2.6B assets, 13 offices in Baltimore/DC; deal expected to close early 2022.
- Boards unanimously approved; closing subject to regulatory approvals and Howard stockholder vote.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/37808/000119312521213678/0001193125-21-213678-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/37808/000119312521213678/d202370d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-213678

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer