First National Bank Adds Wealth of Experience to Commercial Banking Team in Scranton
May 15, 2013
First National Bank Adds Wealth of Experience to Commercial Banking Team in Scranton Migliorino and Grossbauer Join FNB Team
Scranton, PA – May 15, 2013
– First National Bank of Pennsylvania, the largest subsidiary of F.N.B. Corporation (NYSE: FNB), has announced the recent addition of two seasoned commercial banking experts in Scranton, PA. Joseph Migliorino has joined the Bank as Senior Vice President and Commercial Banking Team Leader, reporting to Commercial Banking Regional Manager, Thomas Amico. Stephen Grossbauer has joined the Bank as Senior Vice President, Regional Credit Officer, reporting to Gary Guerreri, Executive Vice President and Chief Credit Officer for F.N.B. Corporation. Both Migliorino and Grossbauer will be based in Clarks Summit, PA.
According to Amico, “Joe Migliorino and Steve Grossbauer are two of the premier commercial lending experts in the marketplace. They add great dimension to an already strong commercial banking team.”
Migliorino will lead the Commercial Banking Team in the development and management of new business opportunities while maintaining an existing portfolio of clients in the Scranton market. He has nearly two decades of related industry experience. Most recently, he served as Senior Vice President and Commercial Banking Team Leader for Pennstar Bank in Scranton. Previously, he served as Vice President and Senior Relationship Manager for M&T Bank and First Union, both in Scranton. Migliorino earned a Bachelor of Science Degree in Business Administration from the University of Scranton. He is past president and current board member for the Boys and Girls Club and the Boys and Girls Club Foundation of Northeastern PA, as well as president of the Scranton Industrial Development Company and board member for the Scranton Chamber of Commerce.
As Regional Credit Officer, Grossbauer will manage the credit process for First National Bank’s Northeast PA commercial banking portfolio. In addition, he will have oversight of the Bank’s recently acquired Annapolis, Maryland portfolio. Grossbauer has more than 20 years of industry experience, most recently serving as Senior Vice President, Senior Credit Officer for PNC Bank in Scranton, a role he held for more than a decade. Previously, he served in a variety of management roles with PNC, including Regional Credit Manager and Corporate Banking Team Leader. Grossbauer studied business management at DeSales University in Allentown, PA. He is past board president and current board member for the Luzerne County Head Start in Wilkes Barre, PA.
First National Bank provides comprehensive ccommercial banking solutions including corporate banking, small business banking, investment real estate financing, asset based lending, capital markets and lease financing. Recently, FNB achieved a 16th consecutive quarter of commercial loan portfolio growth, evidence of the Bank’s commitment to support local businesses throughout the economic cycle. 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 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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