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F.N.B. acquiring Yadkin Financial in $1.4B all-stock deal
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($21.21 billion)inked an agreement to acquire Yadkin Financial Corp. ($7.42 billion) in an all-stocktransaction valued at approximately $27.35 per share, or $1.4 billion in theaggregate.
Withthe acquisition of Yadkin on a pro forma basis, F.N.B. will have nearly $30billion in total assets and more than 400 full-service banking offices. The combinedcompany will also have approximately $21 billion in deposits and $20 billion intotal loans.