First National Bank, the largest subsidiary of Pittsburgh, PA-based F.N.B. Corporation, announced plans to open a new regional Loan Production Office (LPO) in Philadelphia, PA, to facilitate additional business opportunities for the Bank's commercial and lending services in the southeastern portion of the state.
FNB hired Jeffrey Culp, an industry veteran with significant commercial banking and local leadership experience who will be responsible for overseeing the company's growth in the Philadelphia market.
The deployment of an LPO into the Philadelphia region aligns with FNB's strategy to build a strong presence in markets where demographics are favorable for business growth. The LPO will house new hires and existing employees in Investment Real Estate, Corporate Banking, Small Business Administration (SBA) Lending, Equipment Finance, Mortgage Lending, International Banking and Asset-Based Lending.
Culp joins FNB as Senior Vice President, Commercial Banking. He will oversee a team focused on generating and strengthening business relationships with commercial clients in the Philadelphia metropolitan area. With nearly 40 years of financial services experience, Culp recently served as Market President with BB&T Bank. He earned his Bachelor of Arts in Economics from the University of Pittsburgh.
"As a banking leader in the state of Pennsylvania, we are excited to bring our financial expertise and diverse set of commercial products and services to the Philadelphia market to establish new business relationships and better serve our existing clients in the area," said Vincent J. Delie, Jr., Chairman, President and Chief Executive Officer of F.N.B. Corporation and First National Bank. "Our ability to attract seasoned corporate bankers like Jeff Culp provides us with the leadership necessary to successfully expand our commercial client base in the attractive Philadelphia metro area."
Culp will report to Tony Sacco, President of FNB's Capital Region.
"FNB's emphasis on local decision-making and customized solutions helps us stand out from competitors when prioritizing client needs and success," Sacco said.
Eastern Pennsylvania will be serviced by FNB's Capital Region, which is comprised of approximately 50 branches and commercial offices located throughout central and eastern Pennsylvania.
FNB's market coverage spans several major metropolitan areas including: Pittsburgh; Baltimore, MD; Cleveland, OH; Washington, D.C.; and Charlotte, Raleigh, Durham and the Piedmont Triad (Winston-Salem, Greensboro and High Point), NC. The company has total assets of more than $33 billion and approximately 400 banking offices.