First National Bank will establish a new regional headquarters in downtown Baltimore, Maryland
. FNB will occupy more than 11,000 square feet of office space at 300 E. Lombard Street in a building renamed for the financial institution. The location is expected to be ready for occupancy before the end of 2013.
The company recently acquired Baltimore-based BCSB Bancorp. In addition to a state of the art, full-service branch located on the first floor, FNB's new Baltimore headquarters will house approximately 50 financial professionals in Retail and Commercial Banking, Wealth Management, Insurance, Treasury Management and Private Banking.
"We are focused on growing our Maryland market. Our new regional headquarters will bring together a diverse team of products specialists who will work collaboratively to meet the needs of our clients," noted Vincent J. Delie, Jr., President and CEO of FNB Corporation. "Establishing a regional headquarters in downtown Baltimore demonstrates our commitment to support the local business community and to contribute to the City's economic viability."
J. MacGregor “Mac” Tisdale, president of the Maryland Region said; "A downtown presence is obviously good for the Bank, because it will raise our visibility in the marketplace. We'll also be better able to establish ourselves as community leaders who are willing to invest in the City and contribute to its revitalization. These factors, along with our continued growth, will result in a definite win for the market."
Kirby Fowler, President of the Downtown Baltimore Partnership, echoed the positive impact of FNB's decision. "First National Bank is a nationally recognized, rapidly growing financial organization. They could choose to establish their regional headquarters most anywhere, but they clearly see the benefit of being in downtown Baltimore."
Pending regulatory and shareholder approvals, the expected acquisition of Baltimore County Savings Bank in the first quarter of 2014 will add 16 offices in the greater Baltimore area, bringing First National Bank's Maryland branch count to 25.