First National Bank, the largest subsidiary of F.N.B. Corporation and third largest bank in Pittsburgh, will open a new regional loan production office in Philadelphia to facilitate additional business opportunities for the bank’s commercial and lending services in the southeastern portion of the state.
FNB hired Jeffrey Culp, an industry veteran with 40 years of commercial banking and local leadership experience, to oversee the company’s growth in the Philadelphia market. Culp will report to Tony Sacco, president of FNB’s Capital Region.
The loan office will house new hires and existing employees in investment real estate, corporate banking, small business administration (SBA) lending, equipment finance, mortgage lending, international banking and asset-based lending.
“As a banking leader in the state of Pennsylvania, we are excited to bring our financial expertise and diverse set of commercial products and services to the Philadelphia market to establish new business relationships and better serve our existing clients in the area,” said Vincent J. Delie, Jr., F.N.B. and First National chairman, president and CEO. “Our ability to attract seasoned corporate bankers like Jeff Culp provides us with the leadership necessary to successfully expand our commercial client base in the attractive Philadelphia metro area.”
Sacco added, “FNB’s emphasis on local decision-making and customized solutions helps us stand out from competitors when prioritizing client needs and success.”
Culp joins FNB as senior vice president of Commercial Banking. He will oversee a team focused on generating and strengthening business relationships with commercial clients in the Philadelphia metropolitan area. Culp most recently served as market president with BB&T Bank.
Eastern Pennsylvania will be serviced by FNB’s Capital Region, which is comprised of approximately 50 branches and commercial offices located throughout central and eastern Pennsylvania.
FNB has total assets of more than $33 billion and approximately 400 banking offices throughout Pennsylvania, Ohio, Maryland, West Virginia, North Carolina and South Carolina.