F.N.B. CORPORATION (NYSE:FNB) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
On March 24, 2017, Scott M. Custer resigned from, and declined to stand for re-election to, the Board of Directors of F.N.B. Corporation (“F.N.B.”), effective immediately, in order to pursue other business opportunities. Mr. Custer’s resignation was not as a result of any disagreement with F.N.B. on any matter relating to F.N.B.’s operations, accounting matters, policies or practices.
Additionally on that date, Mr. Custer elected to terminate the Consulting Agreement which he had entered into with F.N.B. in connection with the completion of the merger between Yadkin Financial Corporation and F.N.B.; and F.N.B. and First National Bank of Pennsylvania granted a limited waiver of the non-competition restrictions contained in Mr. Custer’s employment agreement with Yadkin Financial Corporation and Yadkin Bank. to the Consulting Agreement, Mr. Custer will be entitled to receive the pro-rated fee which accrued through the date of termination.
About F.N.B. CORPORATION (NYSE:FNB)
F.N.B. Corporation is a financial holding company. The Company operates through four segments: Community Banking, Wealth Management, Insurance and Consumer Finance. Its Community Banking segment consists of First National Bank of Pennsylvania (FNBPA), which offers services, including commercial and individual demand, savings and time deposit accounts and commercial, mortgage and individual installment loans. It operates its Community Banking business through a network of over 290 branches in Pennsylvania, Ohio, Maryland and West Virginia. Its Wealth Management segment delivers wealth management services to individuals, corporations and retirement funds, as well as existing customers of Community Banking. The Company’s Insurance segment operates principally through First National Insurance Agency, LLC (FNIA), which is a subsidiary of the Corporation. Its Consumer Finance segment operates through its subsidiary, Regency Finance Company. It also operates other non-banking subsidiaries. F.N.B. CORPORATION (NYSE:FNB) Recent Trading Information
F.N.B. CORPORATION (NYSE:FNB) closed its last trading session up +0.44 at 15.07 with 3,112,497 shares trading hands.