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F.N.B. Completes Acquisition of Maryland Bank
HERMITAGE, Pa. – F.N.B. Corp., parent of First National Bank of Pennsylvania, has completed its acquisition of Annapolis Bancorp Inc., holding company of BankAnnapolis, thereby adding eight branches in Anne Arundel and Queen Anne’s counties in Maryland to First National Bank.
The president and CEO of F.N.B., Vincent J. Delie Jr., made the announcement Monday. First National Bank has more than 250 banking offices across Pennsylvania, in eastern Ohio and the panhandle of West Virginia.
Before the merger was complete, F.N.B. and Annapolis Bancorp obtained the required legal and regulatory approvals and the shareholders of Annapolis met to vote for the merger.
Richard M. Lerner, chairman and CEO of Annapolis Bancorp, will remain with First National Bank to provide transitional support of the bank’s new Maryland region, Delie said. J. MacGregor “Mac” Tisdale, will serve a market executive and president of the Maryland region.
Through its subsidiaries, F.N.B. provides a wide range of financial services from commercial and consumer banking to insurance and leasing. Its assets at Dec. 31 were $12 billion.
Published by The Business Journal, Youngstown, Ohio.
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