FNB plans additional 'refining'

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FNB Corp., which has shuttered more than 50 branches in recent years to cut costs, doesn't plan a large number of closings this year but will continue to whittle down its roughly 265-branch network where it can, CEO Vincent Delie said Wednesday.

The Hermitage-based financial institution, the third-biggest bank in the Pittsburgh region by deposits, closed seven offices last year in addition to 37 in 2012.

"There is not a big chunk of branches that you would take out" going forward, Mr. Delie told analysts in a conference call following the bank's late Tuesday year-end earnings release. "It will be more of a fine-tuning and refining," he said.

He said FNB's delivery structure would continue to evolve along with customer preference, noting that some 46,000 customers are using the bank's mobile banking service.

Mr. Delie also told analysts that the bank, which has been on a buying binge lately, would continue to look for acquisitions.

The Mercer County bank has gobbled up four institutions in the last two years. They included Monroeville-based Parkvale Savings, BankAnnapolis (FNB's first entry into Maryland), Park View Federal Savings near Cleveland and Baltimore County Savings Bank in Maryland.

"We've got plenty of [acquisition] opportunities across Pennsylvania and Ohio and Maryland to keep us busy," Mr. Delie said.


Patricia Sabatini: psabatini@post-gazette.com or 412-263-3066.

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