F.N.B. Corporation Expands Central Pennsylvania Presence with the Acquisition of Metro Bancorp, Inc.

PITTSBURGH and HARRISBURG, Pa., Aug. 4, 2015 /PRNewswire/ -- F.N.B. Corporation ("FNB") (NYSE: FNB) and Metro Bancorp, Inc. ("Metro") (NASDAQ: METR) today jointly announced the signing of a definitive merger agreement pursuant to which F.N.B. Corporation will acquire Metro Bancorp, Inc., the holding company and parent of Metro Bank, in an all stock transaction valued at approximately $32.72 per share, or $474 million in the aggregate, using the closing stock price of FNB as of Monday, August 3, 2015.The acquisition of the Harrisburg-based bank will provide FNB with approximately $3.0 billion in total assets, including $2.4 billion in total deposits, $2.1 billion in total loans and 32 banking...