F.N.B. Corporation announced that it is adding municipal bond underwriting to its Capital Markets platform, enabling the bank to guide municipal issuers through structuring, investor solicitation and underwriting of tax‑exempt bonds. The new service will provide a low‑cost financing option for infrastructure and other public projects across the bank’s seven‑state footprint.
The expansion is a logical extension of the bank’s recent acquisition of Raptor Partners in April 2025, which bolstered its investment‑banking capabilities for public and private entities. By adding municipal bond underwriting, F.N.B. can deepen relationships with local governments, school districts and other public entities, creating a new fee‑based revenue stream and strengthening its position as a comprehensive financial services provider. “As we continue to enhance Capital Markets offerings, municipal bond underwriting is a natural addition and reinforces our commitment to serve thousands of customers and prospects who qualify for public financing,” said Vincent J. Delie, Jr., Chairman, President and CEO.
The move positions F.N.B. to capture a share of the municipal bond market, which is sizable within its operating region. The bank’s existing depository relationships and digital strategy—highlighted by its “Clicks‑to‑Bricks” initiative—provide a foundation for scaling the new service. The expansion also opens cross‑selling opportunities for other banking and wealth‑management products, potentially increasing non‑interest income and enhancing client retention.
F.N.B. Corporation’s total assets exceed $50 billion, and its subsidiary network includes First National Bank of Pennsylvania, founded in 1864. The new underwriting capability will allow the bank to leverage these assets and relationships to serve a broader client base, reinforcing its competitive position in the public‑finance sector.
The announcement signals the bank’s continued focus on diversifying revenue streams and expanding its Capital Markets footprint. By integrating municipal bond underwriting into its platform, F.N.B. is poised to grow fee‑based income and deepen its ties with public‑sector clients, aligning with its broader strategy to deliver comprehensive financial solutions across its seven‑state footprint.
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