secwatch.observer — SEC 8-K summary
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Issuer:     FNB CORP/PA/ (FNB)
CIK:        0000037808
Form:       8-K
Filed at:   2022-01-24T23:59:59+00:00
Accession:  0001193125-22-015532
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FNB completes Howard Bancorp merger; pro forma assets $42B, deposits $33B
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- Merger closed Jan 22, 2022; each Howard share converted into 1.8 FNB shares.
- Pro forma total assets ~$42B, total loans ~$27B, total deposits ~$33B.
- FNB now holds #6 retail deposit share in Baltimore MSA; customer conversion Feb 7, 2022.
- Howard stock delisted from NASDAQ; options and RSUs converted at 1.8 ratio.
- Acquisition adds scale in Mid-Atlantic; new customers gain digital banking and wealth services.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/37808/000119312522015532/0001193125-22-015532-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/37808/000119312522015532/d288594d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-015532

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