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:  0001193125-21-213685
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FNB to acquire Howard Bancorp in all-stock merger; exchange ratio 1.80, expected close early 2022
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- Howard shareholders will receive 1.80 shares of FNB common stock per Howard share.
- Merger expected to close in early 2022, subject to regulatory approvals and Howard stockholder vote.
- Howard must pay FNB a termination fee of $15.0 million under certain conditions.
- Howard Bank will merge into First National Bank of Pennsylvania after the Merger.
- Certain Howard directors entered voting agreements to support the Merger.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/37808/000119312521213685/0001193125-21-213685-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/37808/000119312521213685/d118861d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-213685

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