F.N.B. Corporation (NYSE: FNB) today announced that on March 11, 2017, it successfully completed its merger with Raleigh, North Carolina-based Yadkin Financial Corporation (Yadkin).

As a result of the merger, FNB has nearly $30 billion in total assets and more than 400 locations, with operations spanning eight states. FNB now holds a top ten retail deposit share in five major metropolitan markets with populations greater than one million. The successful completion of this acquisition brings significant market share in the attractive, high-growth markets of Charlotte, Raleigh and the Piedmont Triad (Winston-Salem, Greensboro and High Point) in North Carolina in addition to our legacy markets of Pittsburgh, Pennsylvania, Baltimore, Maryland and Cleveland, Ohio.

"The transformational merger with Yadkin establishes FNB as a leading regional franchise that now extends throughout the Mid-Atlantic and into the Southeastern U.S.," said Vincent J. Delie, Jr., President and Chief Executive Officer for F.N.B. Corporation. "We are excited to welcome our new customers in North and South Carolina and to introduce them to innovation, world-class products and our strong commitment to the communities we serve."

The merger adds nearly 100 locations throughout North Carolina and upstate South Carolina to FNB's multi-state branch network. Leveraging its proven regional model, FNB previously announced experienced local and divisional leadership who will serve its new markets.

Shares of Yadkin will no longer be traded on the New York Stock Exchange.

About F.N.B. Corporation

F.N.B. Corporation (NYSE:FNB), headquartered in Pittsburgh, Pennsylvania, is a diversified financial services company operating in eight states. FNB holds a significant retail deposit market share in attractive metropolitan markets including: Pittsburgh, Pennsylvania; Baltimore, Maryland; Cleveland, Ohio; and Charlotte, Raleigh, Durham and the Piedmont Triad (Winston-Salem, Greensboro and High Point) in North Carolina. The Company has total assets of nearly $30 billion, and more than 400 banking offices throughout Pennsylvania, Ohio, Maryland, West Virginia, North Carolina and South Carolina.