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F.N.B. Corporation Plans 22-Story Headquarters In Raleigh, North Carolina

05/24/2017
F.N.B. Corporation, parent company of First National Bank, plans to occupy a new 22-story headquarters building serving the Company's Raleigh, North Carolina Region as the anchor tenant.

Located at 501 Fayetteville Street, FNB Tower will add more than 150,000 square feet of Class A office space, nearly 240 residential apartment units and street-level retail space in Raleigh's thriving downtown area.

According to company officials, FNB will occupy more than 40,000 square feet of office space with additional options to expand to accommodate future growth. The building will house regional leadership as well as Commercial Banking, Retail and Mortgage Banking, Wealth Management, Private Banking, Insurance and a variety of other departments.

Serving as a cross-functional hub, FNB Tower will bring client-facing teams together under the direction of experienced local leadership, aligning to a model FNB has successfully deployed throughout its multi-state footprint. "We are proud of the significant statement and commitment that FNB Tower makes to our clients, employees and communities we serve in Raleigh and across the state of North Carolina," said Vincent J. Delie, Jr., President & CEO of F.N.B. Corporation and First National Bank.

"Our ability to work collaboratively across business lines in centralized locations such as this new regional headquarters building is essential to our success and the success of our clients,” he added.

Mayor Nancy McFarlane added, "In addition to serving as a new highlight of our skyline, FNB Tower will create space and jobs that contribute to the ongoing revitalization that has made Raleigh one of the fastest growing cities in the U.S. We value FNB's obvious commitment to our region and look forward to working together in a shared effort to help Raleigh and our surrounding communities thrive."

The groundbreaking for FNB Tower will take place this December with completion anticipated by the summer of 2019. CBRE Raleigh will handle the commercial leasing of the office and retail space still available and DRP will manage the property once complete.

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