F.N.B. Corporation has received regulatory approval from the Federal Reserve Bank of Cleveland for the proposed merger of Parkvale Financial Corporation.
Previously, the Office of the Comptroller of the Currency and the Pennsylvania Department of Banking approved the pending merger of Parkvale Bank, the wholly-owned subsidiary of Parkvale Financial Corporation into F.N.B. Corporation’s subsidiary bank, First National Bank of Pennsylvania.
Parkvale conducts business through 47 full-service offices, with 40 offices in Allegheny, Beaver, Butler, Fayette, Washington and Westmoreland Counties of Pennsylvania, two branches in West Virginia and five branches in Ohio.
As of 30 September 2011, Parkvale Financial had total assets of $1.8bn.
Pennsylvania-based F.N.B. Corporation is a provider of commercial and retail banking, leasing, wealth management, insurance, merchant banking and consumer finance services.