The franchise here … Its shares fell 1.2 percent at 4:15 p.m. in New York to $12.86 paring the gain in the past 12 months to 66 percent. Please consider making a contribution today to support this vital resource that you and countless others depend on. Following the merger of the parent holding companies, Yadkin Bank will merge with and into FNB's subsidiary, First National Bank of Pennsylvania. The merger includes the banking subsidiaries of each, VantageSouth Bank and Yadkin Bank, and the holding company will use the Yadkin Financial name after the deal is complete. After the merger of the parent holding companies, Yadkin Bank, which closed on its purchase of Greensboro-based NewBridge Bank earlier this year, will merge with and into FNB’s subsidiary, First National Bank of Pennsylvania, according to a press release. Under the terms of the Merger Agreement and as was announced on July 21, 2016, shareholders of Yadkin will be entitled to receive 2.16 shares of FNB common stock for each common share of Yadkin. The combined company will also have approximately $21 billion in deposits and $20 billion in total loans. Changed name to Yadkin Bank. Please avoid obscene, vulgar, lewd, 2016-01-28. Corporation and Yadkin Financial Corporation Shareholders Approve Merger Transaction (PDF), F.N.B. Yadkin, founded in … Moved bank headquarters from ELKIN, NC to STATESVILLE, NC. Error! Yadkin Bank Profile: Locations, Contact Info, Reviews. Under the terms of the merger agreement, which has been approved by the board of directors of each company, shareholders of Yadkin will be entitled to receive 2.16 shares of FNB common stock for each common share of Yadkin. Branches in Nearby Cities. Yadkin Financial Corporation was a bank holding company and the parent of Yadkin Bank, a defunct regional bank with $7.3 billion in assets and 110 branches in North and South Carolina before the 2017 purchase by FNB Corporation of Pittsburgh. FNB to acquire Yadkin Bank in merger. 1-800-555-5455 Notifications from this discussion will be disabled. Threats of harming another The merger is subject to certain closing conditions, including approval by the FNB and Yadkin shareholders and approval by the federal bank regulators. FNB’s executive management team has done a tremendous job of delivering value to customers and shareholders, while consistently being recognized as one of the best places to work for employees. Use the 'Report' link on Id. You have permission to edit this article. F.N.B. Based in Pittsburgh, Pennsylvania, FNB … “This is an exciting time for Yadkin. Corporation. 8 in metro market share. However, a trustee may be held personally liable only for willful or intentional misconduct. Bank deposit products and services provided by First National Bank of Pennsylvania. The merger with Yadkin Financial Corporation, the holding company of Yadkin Bank, expanded FNB’s multi-state footprint into new markets in North Carolina and South Carolina. Yadkin reported having $7.18 million in merger and conversion costs in the third quarter, compared with $6.53 million in the second quarter and $104,000 a year ago. InvestorRelations@fnb-corp.com, Jennifer Reel 1987), we held that a bankruptcy trustee may be held liable in his or her official capacity as a trustee for acts of negligence. 724-983-4856 City # of Branches; Leland: 1: Banks & Credit Unions by State. Corporation Announces Divisional Leadership For New Regions (PDF), F.N.B. 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