FNB Welcomes Frank Schiraldi as New Director of Corporate Strategy

F.N.B Corporation's New Chapter with Frank Schiraldi

In an exciting development, F.N.B Corporation, listed on the NYSE under the symbol FNB, has announced the appointment of Frank Schiraldi as the Director of Corporate Strategy for its banking subsidiary, First National Bank. This move, effective immediately, positions Schiraldi at the helm of strategic growth initiatives aimed at navigating the bank's future in a highly competitive industry.

Reporting directly to Chief Strategy Officer Christopher Chan, Schiraldi will oversee a dedicated team tasked with executing the bank's growth strategies. His responsibilities include developing strategic analyses and crafting presentations that will provide vital guidance for corporate decision-making and business operations. The Corporate Strategy team performs in-depth analyses of business metrics, financial information, and macroeconomic trends to ensure that FNB remains strategically positioned to thrive even amid changing market conditions.

A Wealth of Experience

Prior to joining FNB, Schiraldi served as Managing Director and Senior Research Analyst at Piper Sandler, where he concentrated on the regional banking sector for over two decades. His extensive experience also includes positions at Sandler O'Neill, further solidifying his reputation as a financial expert with a comprehensive understanding of the industry. This wealth of knowledge is expected to be invaluable as Schiraldi steps into his new role.

"Our corporate strategy team is critical as we integrate technology, particularly digital and AI solutions, into our vision for future growth," said Vincent J. Delie Jr., Chairman, President and CEO of F.N.B Corporation and First National Bank. Delie highlighted Schiraldi’s financial expertise as a significant addition to an already strong team capable of driving scale, effectiveness, and enhancing shareholder value.

Reflecting on his decision to join FNB, Schiraldi emphasized Delie's robust leadership, the bank's esteemed culture, and its respected business model. He expressed, "I have always been impressed by FNB and am thrilled to join one of the most compelling growth stories within the banking sector."

Implications for FNB

Frank Schiraldi’s appointment is expected to bring a fresh perspective to FNB’s strategy as the bank continues to evolve within increasingly complex financial landscapes. By aligning traditional banking practices with contemporary technological advancements and a focus on data-driven decision-making, Schiraldi aims to enhance the bank's overall efficacy and market responsiveness.

Schiraldi’s expertise in analysis and forecasting will enable FNB to make informed strategic decisions, bolstering the bank’s existing capabilities while exploring new opportunities for expansion. As the banking environment continues to change, driven by both technological evolution and regulatory pressures, the importance of timely and strategic initiatives cannot be overstated.

The Corporate Strategy team will play an essential role in facilitating key interactions between various departments, ensuring that growth strategies are cohesive, effective, and targeted towards achieving broader corporate goals. Their work will not only influence immediate business operations but also shape the long-term outlook for FNB in a dynamic marketplace.

About F.N.B. Corporation

F.N.B. Corporation, headquartered in Pittsburgh, Pennsylvania, is a diversified financial services institution that operates across seven states and the District of Columbia. With a robust portfolio that spans commercial and consumer banking along with wealth management services, FNB prides itself on its ability to provide comprehensive solutions to its clients.

As of the latest reports, FNB has nearly $50 billion in assets and operates roughly 350 banking offices in various major metropolitan areas including Baltimore, Cleveland, and Charlotte, among others. The bank's diverse offerings range from corporate banking to a full suite of consumer banking products, including mortgage lending and innovative online banking solutions.

As FNB embarks on this new chapter under Frank Schiraldi’s leadership, stakeholders are keenly observing how the bank will navigate its growth trajectory and continue to evolve its service offerings in the banking industry.