Pittsburgh-based F.N.B. Corp. is offering 221,034 of its common shares to certain former directors and consultants of Harrisburg, Pa.-based Metro Bancorp Inc.
The shares are being offered to non-employee directors, directors emeritus, advisory directors and consultants, who were participants of Metro Bancorp's amended 2011 directors stock option and restricted stock plan as well as an amended 2001 directors stock option plan. F.N.B. assumed the plans after it acquired Metro Bancorp in February 2016.
F.N.B. will receive the adjusted exercise price of the options and will use the proceeds for working capital and general corporate purposes.
The offering has no underwriter.
On May 16, F.N.B. filed an automatic mixed shelf for an unspecified amount of various securities.
