F.N.B. Corp. to acquire UB Bancorp at 1.61 exchange ratio, expected close late 2022

FNB CORP/PA/

Fixed exchange ratio of 1.61 FNB shares per UB Bancorp share; cash for fractional shares.
Termination fee of $4.0 million payable by UB Bancorp under certain conditions.
UB Bancorp directors, officers, and a stockholder signed voting agreements to support the merger.
Merger expected to close in late 2022, not before Sep 30, subject to approvals.
Intended to qualify as tax-free reorganization under Section 368(a) of the Code.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.