FNB is an active commercial real estate lender in Southwest Florida.
The Naples company agreed to exchange 0.926 shares of its stock for each share of Promistar's publicly traded common stock.
Once the agreement passes regulatory and shareholder approvals, FNB will control total assets of about $6.5 billion, $5.2 billion in deposits and 168 banking offices in Southwest Florida, West Pennsylvania and Northeast Ohio.
FNB would become the eighth largest banking holding company in Pennsylvania based on total deposits and the 65th largest bank holding company in the United States, according to industry estimates.
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