F.N.B. Corporation Acquires Howard Bancorp, Inc. (Howard Bank)

January 24, 2022

F.N.B. Corporation (FNB) agreed to acquire Howard Bancorp, Inc., including its wholly owned subsidiary Howard Bank, in an all-stock transaction valued at approximately $418 million (1.8 shares of FNB per Howard share). The deal expands FNB’s Mid-Atlantic footprint—adding 13 Baltimore-area branches and roughly $2.6 billion in assets—and is intended to be accretive with cost savings and enhanced product capabilities for Howard customers.

Buyers
F.N.B. Corporation, First National Bank of Pennsylvania
Targets
Howard Bancorp, Inc., Howard Bank
Sellers
Howard Bancorp, Inc. stockholders
Location
Maryland, United States
Transaction Type
Buyout

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