F.N.B. Corporation Partners with Penn State for Exclusive Banking Services

F.N.B. Corporation Partners with Penn State: A Groundbreaking Financial Collaboration

Introduction
F.N.B. Corporation (NYSE: FNB) has officially announced its partnership with Penn State University, marking a significant milestone in both institutions' history. With this agreement, FNB will serve as the exclusive provider of retail banking and financial services across all of Penn State's campuses, which encompass a vibrant community of nearly 90,000 students and over 36,000 employees.

Comprehensive Banking Solutions
This newly established relationship is not just about providing basic banking services; it offers a wide range of solutions, including on-campus and digital banking options through FNB's award-winning eStore® technology platform. The partnership will also include financial education programs designed to enhance financial literacy among the university's diverse community. Additionally, FNB will offer specialized treasury management and corporate banking support tailored specifically for the university's unique operational needs.

F.N.B. Corporation’s Chairman, President, and CEO, Vincent J. Delie, Jr., expressed pride in this collaboration, stating, "FNB's partnership with Penn State puts the full scope of our capabilities on display." He emphasized that the innovative use of technology and a strong commitment to community engagement set FNB apart as a banking partner.

Innovative Banking Tools
Core to the partnership is FNB's proprietary eStore technology, a platform that streamlines the process of shopping for financial products. The eStore enables consumers and businesses to apply for over 50 deposit and loan products simultaneously with ease. This type of innovation is expected to significantly enhance customer experience and engagement within the Penn State community.

On-Campus Facilities
FNB plans to establish a cutting-edge banking center on campus, which will feature ATMs equipped with TellerChat capabilities. These interactive ATMs will allow customers to engage in video chats with FNB representatives to handle transactions or seek assistance, thereby extending the availability of live support to more convenient hours.

Financial Education Initiatives
As part of its commitment to fostering financial literacy, FNB will roll out a comprehensive education program named Financial Insights, which encompasses online modules and in-person courses. These offerings are crafted to empower individuals from all backgrounds with the knowledge they need to manage their finances effectively.

Specialized Customer Offers
For students, FNB is introducing a student checking account that emphasizes cost-effectiveness and digital ease. Furthermore, students will have access to Penn State-branded FNB Visa debit cards, enhancing school pride while providing practical benefits. The partnership also extends exclusive employee benefits and discounts for Penn State staff through FNB's Workplace Banking Solutions.

A Legacy of Community Engagement
FNB's connection to the State College area spans over a century, having established a robust banking presence with 55 branches and 75 ATMs in close proximity to the university. The partnership builds on longstanding ties, which include employing a substantial number of Penn State graduates and hosting ongoing recruitment initiatives. Notably, FNB's branch design was developed in collaboration with business students, reflecting the bank's dedication to community engagement and innovation.

Conclusion
FNB's banking services for Penn State are slated to launch this summer, and the company is committed to sharing updates as key milestones are reached in the partnership. This collaboration exemplifies how an institution can leverage financial services not just for transactional purposes, but as a genuine contributor to educational and community growth. For more information about F.N.B. Corporation and its services, please visit FNB Corporation's website.