First National Bank, the largest subsidiary of F.N.B. Corporation, plans to establish a regional headquarters in downtown Cleveland, Ohio
. FNB recently signed a lease to acquire space on the 14th floor and first floor at 55 Public Square.
The First National Bank said its expansion represents FNB's initial move into downtown Cleveland and provides opportunity for future expansion. The announcement follows recent regulatory approval of F.N.B. Corporation's pending acquisition of Solon, Ohio-based PVF Capital Corp., parent company of Park View Federal Savings Bank, which has 16 offices in the greater Cleveland area.
"We continue to make progress toward completing our acquisition of Park View," notes Vincent J. Delie, Jr., President and CEO, F.N.B. Corporation. "We're also excited about the opportunity to establish operations in Cleveland's central business district, an indication of our commitment to the Cleveland business community."
First National Bank's new Cleveland office will bring together experienced local professionals from commercial and retail banking, wealth management and private banking, Delie said. FNB will continue to tap the highly skilled workforce present in the greater Cleveland area to support continued growth. The 55 Public Square Office will include a full-service branch on the building's first floor.