F.N.B. Corp Settles Fair Lending Concerns with DOJ
Company Announcements

F.N.B. Corp Settles Fair Lending Concerns with DOJ

F.N.B. Corp (FNB) has released an update to notify the public and investors about a regulation fd disclosure.

F.N.B. Corporation has announced a settlement with the DOJ and the State of North Carolina, addressing fair lending concerns in the Winston-Salem and Charlotte markets, which began before its merger with Yadkin Bank. The Bank will provide $11.75 million in mortgage subsidies over five years, with no civil penalties imposed. This move extends F.N.B.’s commitment to serving underserved communities and underlines the importance of not relying solely on forward-looking statements due to the inherent risks and uncertainties they carry.

For further insights into FNB stock, check out TipRanks’ Stock Analysis page.

For a comprehensive understanding of the announcement, you can read the full document here.

Related Articles
TheFlyF.N.B. files automatic mixed securities shelf
TheFlyF.N.B. Chief Audit Executive Christine Tvaroch retires, Ronda Edkins to succeed
TheFlyF.N.B. price target raised to $17 from $15 at Piper Sandler
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App