Veteran Raleigh banker Steven Jones will become chief banking officer of FNB Corp.’s banking operations in the Carolinas after the Pittsburgh-based company completes its $1.4 billion acquisition of Yadkin Bank.
Pittsburgh-based FNB announced Wednesday that Jones, who is currently executive vice president and chief banking officer at Yadkin, will play a similar role at FNB. He will lead the bank’s corporate banking efforts in the Carolinas and also will “provide strategic oversight” over retail banking and other areas.
Jones also is a former market president of the Carolinas for RBC Bank.
Several other executives at Raleigh-based Yadkin also were tapped for leadership positions at FNB, which expects to compete its acquisition of Yadkin in the first quarter of 2017. They include Christoper Moore, who will retain his role as regional president of the Greater Triangle market.
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FNB also said it “plans to retain employees serving on the front-line in Yadkin’s branch locations, as well as the vast majority of commercial and mortgage banking officials,” and will be announcing other leadership roles later.
As previously disclosed, Scott Custer, Yadkin’s co-founder and CEO, is remaining with FNB as a board member and a consultant for at least one year.
Yadkin shareholders will have a 35 percent ownership stake in FNB once the deal closes. With the acquisition, FNB will have nearly $30 billion in assets and more than 400 branches spanning from Pennsylvania to South Carolina, but will have no branches in Virginia.