F.N.B. Corporation completed its acquisition of Greenville, NC-based UB Bancorp, including its wholly-owned banking subsidiary, Union Bank.
As a result of the acquisition of Union, F.N.B. has nearly $44 billion in total assets, $29 billion in total loans and $35 billion in total deposits on a proforma basis. This merger further increases F.N.B.’s presence in North Carolina.
“The Union Bank acquisition leverages FNB’s current investments in the fast-growing North Carolina markets which now have more than 110 F.N.B. branches and over 300 ATMs while also providing a favorable deposit mix,” Vincent J. Delie, Jr., chairman, president and CEO of F.N.B. Corporation, said. “We are excited to welcome Union Bank’s customers and introduce them to a more expansive suite of products and services, such as insurance, wealth management, private banking, treasury management, mortgage banking and capital markets and debt capital markets capabilities.”
