First National Bank - M&A Summary and Business Overview

Financial ServicesCompany

First National Bank M&A Summary

First National Bank has acquired 14 companies, including 1 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 1 asset.

First National Bank’s largest acquisition to date was in 2016, when it acquired Yadkin Financial for $1.4B. First National Bank has acquired in 5 different US states. The Company’s most targeted sectors include financial services (100%).

First National Bank Business Overview

Where is First National Bank headquartered?

First National Bank is headquartered in Pittsburgh, Pennsylvania.

What is First National Bank’s revenue?

First National Bank disclosed revenue of 1,571M USD for 2023 and 1,443M USD for 2022.

How many employees does First National Bank have?

First National Bank has 4,008 employees.

What sector is First National Bank in?

First National Bank is a financial services company.

When was First National Bank founded?

First National Bank was founded in 1864.

M&A Summary

  • M&A Total Activity15
    • M&A Buy Activity14
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3
  • M&A Advisors 5

First National Bank

F.N.B. Corp.

One North Shore Center, 12 Federal Street,
Pittsburgh, Pennsylvania 15212
United States,
(800) 555-5455
www.fnb-online.com

First National Bank is a financial holding company, provides various financial services to consumers and small- to medium-sized businesses primarily in Pennsylvania, eastern Ohio, and northern West Virginia. First National Bank was incorporated in 1864 and is based in Pittsburgh, Pennsylvania.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 13 - 1 - - - 14
vol $2.5B $418M $2.9B
Sell (0.0/yr) # 1 - - - - - 1
  15

Most Recent M&A

Company Date Value Type
Howard Bancorp, Inc. 2021-07-13 418M USD Merger
Baltimore, Maryland · www.howardbank.com
Yadkin Financial Corp. 2016-07-21 1.4B USD Add-on Acquisition
Raleigh, North Carolina · www.yadkinbank.com
Metro Bancorp, Inc. 2015-08-04 474M USD Add-on Acquisition
Harrisburg, Pennsylvania · www.mymetrobank.com
OBA Financial Services, Inc. 2014-09-22 94M USD Add-on Acquisition
Germantown,, Maryland · www.obabank.com
BCSB Bancorp, Inc. 2014-02-18 79M USD Add-on Acquisition
Baltimore, Maryland · www.baltcosavings.com
PVF Capital Corp. 2013-10-15 106M USD Add-on Acquisition
Cleveland, Ohio · www.parkviewfederal.com
Annapolis Bancorp Inc. 2013-04-08 51M USD Add-on Acquisition
Annapolis, Maryland
Parkvale Financial Corp. 2012-01-03 130M USD Add-on Acquisition
Monroeville, Pennsylvania · www.parkvale.com
Legacy Bank 2011-07-01 - Divestiture
Pittsfield,, Massachusetts
Comm Bancorp Inc. 2011-01-03 70M USD Add-on Acquisition
Clarks Summit,, Pennsylvania
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 14 (100%) 2.9B (100%) 1 (100%) -
Total 14 $2.9B 1 -

By Geo

State/Country Buy Value Sell Value
United States 14 2.9B 1 -
  Pennsylvania 7 674M - -
  Maryland 4 642M - -
  Massachusetts 1 75M 1 -
  Ohio 1 106M - -
  North Carolina 1 1.4B - -
Total 14 $2.9B 1 -

Top M&A Advisors

Financial Deals
RBC Capital Markets
7
Keefe, Bruyette, & Woods, Inc.
1
Morgan Stanley
1
Legal Deals
Reed Smith
8
Duane Morris
1

Deal Values

buy # Total
> $1B 1 $1.4B
$100M to $1B 4 $1.1B
< $100M 5 $369M
TOTAL $2.9B
Largest Yadkin Financial Corp.
$1.4B (2016-07-21)

M&A Connections

Deals
Acquired from
Investor(s)
14%
2 (14%)
Divested to
Strategic(s)
100%
1 (100%)

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