secwatch.observer — SEC 8-K summary
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Issuer:     FNB CORP/PA/ (FNB)
CIK:        0000037808
Form:       8-K
Filed at:   2022-12-12T23:59:59+00:00
Accession:  0001193125-22-302346
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

F.N.B. completes acquisition of UB Bancorp; proforma assets ~$44B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/37808/000119312522302346/0001193125-22-302346-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/37808/000119312522302346/d250666d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-302346

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