F.N.B. Corp (FNB) has released an update to notify the public and investors about a regulation fd disclosure.
F.N.B. Corporation has announced a settlement with the DOJ and the State of North Carolina, addressing fair lending concerns in the Winston-Salem and Charlotte markets, which began before its merger with Yadkin Bank. The Bank will provide $11.75 million in mortgage subsidies over five years, with no civil penalties imposed. This move extends F.N.B.’s commitment to serving underserved communities and underlines the importance of not relying solely on forward-looking statements due to the inherent risks and uncertainties they carry.
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For a comprehensive understanding of the announcement, you can read the full document here.
