Benzinga | Jul 13, 2021 09:01AM EDT

F.N.B. Corporation To Acquire Howard Bancorp For $21.96/Share

F.N.B. Corporation ("FNB") (NYSE:FNB) and Howard Bancorp, Inc. ("Howard") (NASDAQ:HBMD) today announced the signing of a definitive merger agreement for FNB to acquire Howard, including its wholly-owned banking subsidiary, Howard Bank, in an all-stock transaction valued at $21.96 per share, or a fully diluted market value of approximately $418 million, based upon the closing stock price of FNB as of Monday, July 12, 2021.