FNB Corporation
Encyclopedia
FNB Corporation is a financial services
corporation based in Hermitage, Pennsylvania
, which operates banks under the name First National Bank in Ohio
and Pennsylvania
.
Having long been more of a local bank in the area, FNB has expanded in recent years through acquisitions of smaller banks in the above mentioned states. The bank also has consumer finance
offices in Tennessee
and loan production offices in Tennessee and Florida
.
It accepted a $100 million investment from the US Treasury as part of the Emergency Economic Stabilization Act of 2008
.
Financial services
Financial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, banks, credit card companies, insurance companies, consumer finance companies,...
corporation based in Hermitage, Pennsylvania
Hermitage, Pennsylvania
Hermitage is a city in Mercer County, Pennsylvania, United States. The population was 16,157 at the 2000 census. It is part of the Youngstown–Warren–Boardman, OH-PA Metropolitan Statistical Area.-History:...
, which operates banks under the name First National Bank in Ohio
Ohio
Ohio is a Midwestern state in the United States. The 34th largest state by area in the U.S.,it is the 7th‑most populous with over 11.5 million residents, containing several major American cities and seven metropolitan areas with populations of 500,000 or more.The state's capital is Columbus...
and Pennsylvania
Pennsylvania
The Commonwealth of Pennsylvania is a U.S. state that is located in the Northeastern and Mid-Atlantic regions of the United States. The state borders Delaware and Maryland to the south, West Virginia to the southwest, Ohio to the west, New York and Ontario, Canada, to the north, and New Jersey to...
.
Having long been more of a local bank in the area, FNB has expanded in recent years through acquisitions of smaller banks in the above mentioned states. The bank also has consumer finance
Consumer finance
Alternative financial services in the United States refers to a particular type of financial service, namely sub-prime lending by non-bank financial institutions. This branch of the financial services industry is more extensive in the United States than in some other countries, because the major...
offices in Tennessee
Tennessee
Tennessee is a U.S. state located in the Southeastern United States. It has a population of 6,346,105, making it the nation's 17th-largest state by population, and covers , making it the 36th-largest by total land area...
and loan production offices in Tennessee and Florida
Florida
Florida is a state in the southeastern United States, located on the nation's Atlantic and Gulf coasts. It is bordered to the west by the Gulf of Mexico, to the north by Alabama and Georgia and to the east by the Atlantic Ocean. With a population of 18,801,310 as measured by the 2010 census, it...
.
It accepted a $100 million investment from the US Treasury as part of the Emergency Economic Stabilization Act of 2008
Emergency Economic Stabilization Act of 2008
The Emergency Economic Stabilization Act of 2008 The Emergency Economic Stabilization Act of 2008 The Emergency Economic Stabilization Act of 2008 (Division A of , commonly referred to as a bailout of the U.S. financial system, is a law enacted in response to the subprime mortgage crisis...
.