F.N.B. Corporation, parent company of First National Bank, has processed more than 18,000 Small Business Administration (SBA) Paycheck Protection Program (PPP) loans to date, representing approximately $2.6 billion in direct relief to small businesses across the company’s seven-state footprint. FNB has closed and funded 94% of the PPP loan requests, resulting in $2.4 billion in relief funds already advanced to its clients.
Of the approved SBA PPP loans processed through FNB to date:
“I am extremely proud of our employees who worked tirelessly around the clock seven days a week to ensure that tens of thousands of small businesses receive the critical funding they need to protect their livelihoods and retain hundreds of thousands of employees,” said Vincent J. Delie, Jr., chairman, president and chief executive officer of F.N.B. Corporation and First National Bank. “Our actions are in direct alignment with our mission to improve the quality of life in the communities we serve.”
FNB also was one of the first banks in the country to announce a formal program providing additional support measures to alleviate the financial burden on businesses and consumers from the COVID-19 pandemic, including relief efforts and deferral programs.
In addition to the Company’s annual commitment, FNB supports its local communities impacted by the pandemic in various ways, including:
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