The PennZone

PITTSBURGH, April 8, 2025 ~ F.N.B. Corporation (NYSE: FNB) has announced its plans to acquire Raptor Partners LLC (Raptor), an independent investment banking firm based in Pittsburgh. The acquisition is part of FNB's ongoing strategy to expand and diversify its non-interest income with a focus on capital markets capabilities.

Raptor, founded by Craig Wolfanger, is comprised of a team of experienced professionals with expertise in mergers and acquisitions, corporate finance, valuation advisory, and private capital raising. With hundreds of completed transactions worth nearly $40 billion across various industries, Raptor brings a wealth of knowledge and experience to FNB.

Vincent J. Delie Jr., Chairman, President, and CEO of F.N.B. Corporation, expressed his excitement about the acquisition stating that it aligns with the company's goal to be a trusted advisor for its clients. He also highlighted the significant increase in revenue over the past decade due to their investments in capital markets capabilities.

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Delie believes that this is an opportune time for FNB to invest in its investment banking platform given the company's scale and the changing economic outlook. He sees this as an opportunity to provide clients with advisory services throughout their entire business life cycle.

Upon closing of the acquisition, Wolfanger will join FNB as Managing Director and Head of Investment Banking. The transaction is expected to close in the second quarter of 2025, subject to customary closing conditions.

However, FNB has issued a cautionary statement regarding forward-looking information stating that certain statements contained in this press release may not be based on historical facts but are "forward-looking statements." These statements are subject to risks, uncertainties, and assumptions that may change over time or due to unforeseen circumstances.

FNB cautions readers not to place undue reliance on these forward-looking statements as actual results or future events may differ from those anticipated due to various factors beyond their control. These factors include the ability of FNB to obtain the anticipated benefits and synergies, prospects, fee income, and operating results of the acquisition.

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Interested parties can access FNB's SEC filings on the SEC website at www.sec.gov. The company also reminds readers that forward-looking statements in this press release pertain only to the date of this release and that they disclaim any obligation to update or revise these statements, except as required by law.

In conclusion, F.N.B. Corporation's acquisition of Raptor Partners LLC is a strategic move to expand its capital markets capabilities and provide clients with comprehensive advisory services. With Raptor's experienced team joining FNB, the company is well-positioned to continue its growth and diversification in non-interest income. However, readers are reminded to exercise caution when relying on forward-looking statements as they are subject to various risks and uncertainties.

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