First National Bank Hires Miglioretti as Regional Banking Executive
June 26, 2013
First National Bank Hires Miglioretti as Regional Banking Executive
30-Year Industry Expert Brings More Local Experience to Maryland Team
Baltimore, Maryland – June 26, 2013
– First National Bank of Pennsylvania, the largest subsidiary of F.N.B. Corporation (NYSE: FNB), has announced the recent hiring of Darlene Miglioretti as Senior Vice President and Regional Banking Executive for First National Bank’s expanding Maryland Region. Miglioretti will be responsible for developing the retail banking strategy for the greater Maryland market.
Miglioretti has more than 30 years of industry experience, much of which she acquired with SunTrust Bank in Baltimore, Maryland. Most recently, she served as District Manager for Retail Administration; previously, her roles with SunTrust included Business Banking Line of Business Manager, Private Banking Line of Business Manager and Business Banking Team Lead, all in the greater Baltimore area. While at SunTrust, Miglioretti had a shared tenure with J. MacGregor (Mac) Tisdale, who joined First National Bank as Market Executive and President of First National Bank’s newly established Maryland Region in January 2013.
Tisdale notes, “Darlene Miglioretti’s focused leadership and ability to drive a culture of customer service and world class client experience are unparalleled. We are confident that she will contribute greatly to First National Bank’s leadership team.”
Miglioretti adds, “FNB is on track to become a leader in the Maryland market, and I’m excited to be part of a team that is able to maintain a customer-centric focus and deliver sophisticated products and services to its clients.”
A graduate of Loyola College in Maryland, Miglioretti earned a BA in Business Administration/ English Interdisciplinary. She is also a graduate of the Greater Baltimore Committee Leadership Class of 2010 and the Maryland Bankers School. Currently, she is a board member for the United Way of Central Maryland-Partnership Board Harford County. Previously, she served as a board member for the Baltimore County Chamber of Commerce Executive Committee and as a volunteer for the Maryland Mentoring Program, Meals on Wheels, St. Vincent’s Children’s Center and Catholic Charities.
First National Bank entered Maryland as a result of the Company’s merger with BankAnnapolis in April 2012. FNB’s anticipated merger with Baltimore County Savings Bank is expected to expand FNB’s presence in the Baltimore metropolitan statistical area (MSA) and result in a top ten deposit market share position with just under $1.0 billion in total pro-forma deposits and 24 total branch locations. The all-stock transaction, announced in June 2013, is scheduled to close in the first quarter of 2014, subsequent to regulatory and shareholder approvals. ADDITIONAL INFORMATION ABOUT THE MERGER AND WHERE TO FIND IT
F.N.B. Corporation will file a registration statement on Form S-4 with the SEC. The registration statement will include a proxy statement/prospectus and other relevant documents with the SEC in connection with the merger.
SHAREHOLDERS OF BCSB BANCORP, INC. ARE ADVISED TO READ THE PROXY STATEMENT/PROSPECTUS WHEN IT BECOMES AVAILABLE AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.
The proxy statement/prospectus and other relevant materials (when they become available), and any other documents F.N.B. Corporation and BCSB Bancorp, Inc. have filed with the SEC, may be obtained free of charge at the SEC's website at www.sec.gov. In addition, investors and security holders may obtain free copies of the documents F.N.B. Corporation has filed with the SEC by contacting James Orie, Chief Legal Officer, F.N.B. Corporation, One F.N.B. Boulevard, Hermitage, PA 16148, telephone: (724) 983-3317 and free copies of the documents BCSB Bancorp, Inc. has filed with the SEC by contacting Joseph J. Bouffard, President and Chief Executive Officer, BCSB Bancorp, Inc., 4111 East Joppa Road, Baltimore, MD 21236, telephone: (410) 256-5000.
F.N.B. Corporation and BCSB Bancorp, Inc. and certain of their directors and executive officers may be deemed to be participants in the solicitation of proxies from BCSB Bancorp, Inc. shareholders in connection with the proposed merger. Information concerning such participants' ownership of BCSB Bancorp, Inc. common shares will be set forth in the proxy statement/prospectus relating to the merger when it becomes available. This communication does not constitute an offer of any securities for sale. About First National Bank of Pennsylvania
First National Bank of Pennsylvania, the largest subsidiary of F.N.B. Corporation (NYSE: FNB), has over 250 full-service locations in Pennsylvania, Ohio, Maryland and West Virginia. First National Bank has been recognized as a winner of six 2012 Greenwich Excellence in Banking Awards in the categories of Small Business Banking and Middle Market Banking, awards presented solely on the basis of client satisfaction. About F.N.B. Corporation
F.N.B. Corporation (NYSE: FNB), headquartered in Hermitage, Pennsylvania, is a regional diversified financial services company operating in six states and three major metropolitan areas including Pittsburgh, PA, where it holds the number three retail deposit market share, Baltimore, MD and Cleveland, OH. The Company has total assets of $12.4 billion (including the recently completed acquisition of Annapolis Bancorp, Inc.) and more than 250 banking offices throughout Pennsylvania, Ohio, West Virginia and Maryland. F.N.B. 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. Commercial banking solutions include corporate banking, small business banking, investment real estate financing, asset based lending, 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. F.N.B.’s wealth management services include trust, asset management, private banking and insurance. The Company also operates Regency Finance Company, which has more than 70 consumer finance offices in Pennsylvania, Ohio, Kentucky and Tennessee.
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 SmallCap 600 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 web site at www.fnbcorporation.com.
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