First National Bank of Pennsylvania, the largest subsidiary of F.N.B. Corporation (NYSE : FNB), has announced the recent hiring of Richard M. Beaty II as Vice President, Capital Markets. Beaty will direct the creation of a loan syndications platform for First National Bank to assist in providing a broader range of capital market solutions for the Bank’s clients. He will report to Senior Vice President Ronald Donatelli.
According to John Williams, President of First National Bank, “Rich has relevant, recent experience and the necessary background to quickly develop syndication capabilities for First National Bank. He also has experience in our local markets, which will benefit him in developing an array of capital market solutions that will meet the needs of our larger middle market clients.” The addition of a loan syndication function will enable First National Bank to provide full-service financial solutions for larger companies.
Prior to joining First National Bank, Beaty served as Vice President of Syndicated Capital Markets for Regions Capital Markets in Atlanta, Georgia, as well as Vice President of Syndicated Leveraged Finance for Banc of America Securities, LLC in Charlotte, North Carolina. Previously, he served as Vice President of Corporate Banking with National City Corporation in Pittsburgh, PA.
Beaty is a native of Mechanicsburg, a suburb of Harrisburg, PA. He attended the University of Pittsburgh where he earned a Bachelor of Arts Degree in Economics and Business. He also earned a Masters of Business Administration Degree from Carnegie Mellon’s Tepper School of Business in Pittsburgh, PA.
About First National Bank of Pennsylvania First National Bank of Pennsylvania, the largest subsidiary of F.N.B. Corporation (NYSE: FNB), has over 230 full-service locations in Pennsylvania and Ohio, and loan production offices in Florida.
About F.N.B. Corporation F.N.B. Corporation, headquartered in Hermitage, PA, is a diversified financial services company with total assets of $9.8 billion. F.N.B. Corporation is a leading provider of commercial and retail banking, leasing, wealth management, insurance, merchant banking and consumer finance services in Pennsylvania and Ohio, where it owns and operates First National Bank of Pennsylvania, First National Trust Company, First National Investment Services Company, LLC, F.N.B. Investment Advisors, Inc., First National Insurance Agency, LLC, F.N.B. Capital Corporation, LLC, Regency Finance Company and F.N.B. Commercial Leasing. It also operates consumer finance offices in Kentucky and Tennessee.
The common stock of F.N.B. Corporation trades on the New York Stock Exchange under the symbol “FNB.” Investor information is available on F.N.B. Corporation’s Web site at www.fnbcorporation.com.
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