M&A
confidence high
sentiment positive
materiality 0.80
F.N.B. completes acquisition of UB Bancorp; proforma assets ~$44B
FNB CORP/PA/
- Each UBB share converted into 1.61 shares of FNB common stock.
- Proforma total assets ~$44B, loans $29B, deposits $35B.
- Deposit market share in NC moves to 9th; over 110 branches and 300 ATMs.
- No outstanding UBB options; restricted stock awards vested and converted.
- Union Bank customers gain access to FNB's digital banking and expanded services.