F.N.B. and its wholly owned broker-dealer subsidiary announced that they have entered into a definitive agreement to buy Raptor Partners, an independent investment banking firm that provides financial advisory services to public and private companies.
Pittsburgh-based Raptor comprises a team of experienced professionals who emphasize mergers and acquisitions, corporate finance, valuation advisory, and private capital raising. After the deal closes, Raptor will contribute to FNB’s ongoing strategy to grow and diversify non-interest income with significant capital markets capabilities.
After the acquisition closes, Wolfanger will join FNB as Managing Director and Head of Investment Banking. The deal is expected to close in the second quarter of 2025, subject to the satisfaction of customary closing conditions.
KEY QUOTES:
“FNB has continually invested in its Capital Markets capabilities, which positions us as a trusted advisor for our clients and has driven a 137% increase in revenue over the past decade. The addition of investment banking rounds out our offerings, enabling FNB to provide clients with advisory services throughout their entire business life cycle. We believe this is an opportune time to invest in FNB’s investment banking platform to advise our middle market and large corporate clients given the scale of our company and the changing economic outlook.”
- F.N.B. Chairman, President and Chief Executive Officer, Vincent J. Delie, Jr.
“We are excited to join with FNB to offer financial advisory services to new and existing clients. Raptor Partners has completed hundreds of transactions with an aggregate value of nearly $40 billion across a variety of industries, bringing a wealth of knowledge, expertise, and experience to FNB.”
- Raptor Partners Founder and President, Craig Wolfanger
