F.N.B. Corporation Commits $1 Million to COVID-19 Relief Efforts
PITTSBURGH, March 31, 2020 /PRNewswire/ -- F.N.B. Corporation (NYSE: FNB), parent company of First National Bank, today announced a commitment of $1 million to its Foundation in support of COVID-19 relief efforts. Donation funds will be disbursed through the FNB Foundation to local organizations that assist communities and businesses across the Bank's seven-state footprint.
"The financial services industry is essential to aiding our nation in the recovery from this public health crisis. Through our commitment to COVID-19 relief efforts, we will work together with our neighbors to help our communities heal, rebuild and be stronger than ever," stated Vincent J. Delie, Jr., Chairman, President and Chief Executive Officer of F.N.B. Corporation and First National Bank.
Among the organizations receiving funds from the FNB Foundation is the Pittsburgh Foundation, who collaborated with other local philanthropies to create the unified Emergency Action Fund, which it now manages. The Action Fund was established to address the region's urgent coronavirus needs and will award operating grants on a rolling basis to emergency service providers and nonprofit organizations serving on the front lines of recovery.
COVID-19 relief funds from the FNB Foundation reinforce the Bank's long-standing dedication to supporting the customers and communities it serves. Donations will help to provide medical equipment, increase access to food, and support businesses and individuals facing financial hardships as a result of the coronavirus pandemic.
This donation builds on recent actions FNB has taken to support its customers, employees and communities impacted by COVID-19, as well as its intent to participate in the Coronavirus Aid, Relief, and Economic Security (CARES) Act programs, including the new SBA Paycheck Protection Program, implementing additional financial relief programs to assist businesses and customers, administering comprehensive health and safety measures for its employees and allocating up to $1 million in special relief payments to frontline and operations employees.
To find the most up-to-date information regarding FNB's financial relief programs and its response to the coronavirus, including branch hours and additional measures the Bank is taking, please visit FNB's website at www.fnb-online.com.
About F.N.B. Corporation
F.N.B. Corporation (NYSE: FNB), headquartered in Pittsburgh, Pennsylvania, is a diversified financial services company operating in seven states and the District of Columbia. FNB's market coverage spans several major metropolitan areas including: Pittsburgh, Pennsylvania; Baltimore, Maryland; Cleveland, Ohio; Washington, D.C.; and Charlotte, Raleigh, Durham and the Piedmont Triad (Winston-Salem, Greensboro and High Point) in North Carolina. The Company has total assets of nearly $35 billion and approximately 370 banking offices throughout Pennsylvania, Ohio, Maryland, West Virginia, North Carolina and South Carolina.
FNB 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, founded in 1864. Commercial banking solutions include corporate banking, small business banking, investment real estate financing, government banking, business credit, 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. FNB's wealth management services include asset management, private banking and insurance.
The common stock of F.N.B. Corporation trades on the New York Stock Exchange under the symbol "FNB" and is included in Standard & Poor's MidCap 400 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 website at www.fnbcorporation.com.
SOURCE F.N.B. Corporation
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