F.N.B. says New will take over president, CEO duties of First National Bank
Pittsburgh Business Times - by Patty Tascarella
First National Bank of Pennsylvania Corp. said Tuesday that President and CEO Robert V. New Jr. will assume the additional duties of president and CEO of First National Bank, its largest subsidiary.
F.N.B. (NYSE:FNB) is Pittsburgh's eighth largest bank. New succeeds Gary Roberts, who will retires July 1.
New also said an executive management committee has been created to run F.N.B.'s four functional groups.
Vincent Delie will serve as president of the banking group. Delie, president and CEO of F.N.B.'s Pittsburgh region since 2005, will now direct its other six regions, overseeing wealth management, private banking, insurance, treasury management and commercial and retail banking.
"I'm looking forward to working with the team," Delie said. "It will be my job to deliver the bank to our clients in a consistent manner."
Louise Lowrey will serve as technology and support group executive. Gary Guerrieri, also F.N.B. chief credit officer, will lead the lending support and specialized lending group. F.N.B. CFO Brian Lilly will be director of corporate services.
"What (New) has done is restructure so you've got one person in charge," said Wilson Smith, director of research at Philadelphia-based Patriot Capital Partners. "It's critical in today's world to have someone with their pulse on the credit situation of the entire organization."
F.N.B., based in Hermitage, Pa., about 60 miles north of Pittsburgh, has assets of $8 billion.
ptascarella@bizjournals.com | (412) 208-3832
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