M&A
confidence high
sentiment positive
materiality 0.80
F.N.B. receives final regulatory clearances for Howard Bancorp merger; vote Nov. 9
FNB CORP/PA/
- Final approvals received from Federal Reserve, OCC, and Maryland regulator for Howard Bancorp merger.
- Deal expected to be 4% accretive to EPS with minimal tangible book value impact; CET1 ratio unchanged.
- Howard stockholders to vote on merger on Nov. 9; exchange ratio fixed at 1.8 FNB shares per Howard share.
- Combined bank projected to become sixth largest deposit holder in Baltimore, MD.