UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): | September 5, 2013 |
F.N.B. Corporation
__________________________________________
(Exact name of registrant as specified in its charter)
Florida | 001-31940 | 25-1255406 |
_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
of incorporation) | File Number) | Identification No.) |
One F.N.B. Boulevard, Hermitage, Pennsylvania | 16148 | |
_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
Registrants telephone number, including area code: | 724-981-6000 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
F.N.B. Corporation (the Corporation) announced the launch and its investment in F.N.B. Capital Partners, LP, a Small Business Investment Company that will engage in mezzanine financing and private equity investments in middle market companies. A copy of the Corporation’s press release concerning this announcement is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
Exhibits:
99.1 Press Release dated September 5, 2013 relating to F.N.B. Corporation’s launch and investment in F.N.B. Capital Partners, LP.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
F.N.B. Corporation | ||||
September 5, 2013 | By: |
Vincent J. Calabrese, Jr.
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Name: Vincent J. Calabrese, Jr. | ||||
Title: Chief Financial Officer |
Exhibit Index
Exhibit No. | Description | |
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99.1
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Press Release dated September 5, 2013 relating to F.N.B. Corporation’s launch and investment in F.N.B. Capital Partners, LP. |
Exhibit 99.1
F.N.B. Corporation Announces Anchor Investment in SBIC
Pittsburgh, PA September 5, 2013 - F.N.B. Corporation (NYSE: FNB) today announced the successful launch of F.N.B. Capital Partners, LP (FNBCP), a Small Business Investment Company (SBIC) licensed by the U.S. Small Business Administration (SBA). FNBCP will engage in mezzanine financing and private equity investments in middle market companies.
FNBCPs principals include Stephen J. Gurgovits, Jr., Matthew L.T. Harnett and Tyson S. Smith, former employees of F.N.B. Capital Corporation, LLC, a wholly-owned merchant banking subsidiary of F.N.B. Corporation. Collectively, the FNBCP team has 35 years of experience making and managing private equity and mezzanine debt investments, including the investment of over $250 million in more than 40 different companies.
The SBIC Fund will target investment opportunities of up to $10 million across a broad spectrum of industries. FNBCPs focus will be to invest in qualifying companies to stimulate their growth and corresponding job creation. FNBCP will invest principally in companies within the eastern United States.
In addition to anchor investor F.N.B. Corporation, the SBIC Funds investors include five regional banks, a pension fund and several high net worth individuals.
About F.N.B. Corporation
F.N.B. Corporation (NYSE: FNB), headquartered in Hermitage, Pennsylvania, is a regional
diversified financial services company operating in six states and three major metropolitan areas
including Pittsburgh, PA, where it holds the number three retail deposit market share, Baltimore,
MD and Cleveland, OH. The Company has total assets of $12.6 billion and more than 250 banking
offices throughout Pennsylvania, Ohio, West Virginia and Maryland. F.N.B. provides a full range of
commercial banking, consumer banking and wealth management solutions through its subsidiary
network, which is led by its largest affiliate, First National Bank of Pennsylvania. Commercial
banking solutions include corporate banking, small business banking, investment real estate
financing, asset based lending, capital markets and lease financing. The consumer banking segment
provides a full line of consumer banking products and services including deposit products, mortgage
lending, consumer lending and a complete suite of mobile and online banking services. F.N.B.s
wealth management services include asset management, private banking and insurance. The Company
also operates Regency Finance Company, which has more than 70 consumer finance offices in
Pennsylvania, Ohio, Kentucky and Tennessee.
The common stock of F.N.B. Corporation trades on the New York Stock Exchange under the symbol FNB and is included in Standard & Poors SmallCap 600 Index with the Global Industry Classification Standard (GICS) Regional Banks Sub-Industry Index. Customers, shareholders and investors can learn more about this regional financial institution by visiting the F.N.B. Corporation web site at www.fnbcorporation.com.
About F.N.B. Capital Partners, LP
F.N.B. Capital Partners, LP is a pooled fund of committed capital licensed by the Small Business
Administration as a Small Business Investment Company (SBIC) Fund. The Fund, headquartered in
Pittsburgh, PA, invests $3 million to $10 million per transaction. The Fund specializes in
providing mezzanine debt, subordinated notes, private equity and other types of financial capital
to small and medium size commercial enterprises for the purposes of recapitalizations, buyouts,
generational transitions, mergers and acquisitions and other growth capital. For more information,
please visit www.fnbcp.com.
Media Contact
Kathy Hammons, Communications & PR Manager
724-983-3303
Hammons@fnb-corp.com
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