Statement of Donald C. Fry, President and CEO, Greater Baltimore Committee, on F.N.B. Corp./Howard Bank Merger

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“The F.N.B. Corp. merger with Howard Bank once again shows that the Baltimore region is a great place to launch and grow a company that is attractive to investors. While the merger is a loss of local control of a home-grown company, Howard Bank’s shareholders, customers and F.N.B. are sure to benefit from this strategic purchase. Howard Bank’s CEO, Mary Ann Scully, is to be highly commended for leading and growing the institution into a valuable financial powerhouse that has contributed much to communities throughout the region and the overall economy.”

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The Greater Baltimore Committee (GBC) is a regional organization of business and civic leaders that includes businesses, nonprofit organizations and educational and civic institutions. It is the leading voice for the private sector in the Baltimore region on issues relating to economic growth, job creation, workforce development, transportation, the business climate and quality of life. The GBC’s membership is comprised of over 500 member organizations, including large, mid-size and small companies, nonprofits, education and foundations in the Greater Baltimore region.