FNB Corporation

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Pittsburgh-based First National Bank is moving into downtown Richmond.

Tell us about the company's decision to move to Main Street.

That's right.

Richmond BizSense editor Michael Schwartz had this story.

A new name coming to the downtown skyline with First National Bank.

It's a Pittsburgh-based bank that has been making moves in the Richmond market and recently signed a lease for Branch Downtown at the altitude on Main.

That's the former...

And so I knew that was going to be a really cool draw for our recruits.

And they've made improvements over there at FNB.

And it's been really good.

So I've enjoyed downtown Pittsburgh.

Point two, uh, downtown Pittsburgh, the campus, you know, all of that, that's the selling point.

Uh, Hey, you get to, you know, hang, uh, we would, we would try to play some games over at South stadium, couple stadium, whatever we call it now.

Um, but you know, there was no FNB stadium.

So when that came along, it was awesome to see that point park was included as part of that.

Because, again, payback on the line.

The FNB chat, they're talking a little bit about Georgia-Arkansas.

I'm not even going to waste our time previewing that.

Georgia is going to roll Arkansas.

The resources of the National City Bank, including its Siamese Twin Security Company, are about $300 million.

Those of the First National Bank, including its Siamese Twin Security Company, are about $200 million.

The resources of the Morgan firm have not been disclosed, but it appears that they have available for their operations also huge deposits from their subjects, deposits reported as $162,500,000.

The private fortunes of the chief actors in the combination have not been ascertained, but sporadic evidence indicates how great are the possibilities of accumulation when one has the use of other people's money.

Mr. Jacob H. Schliff aptly describes this as a very nice investment.

Of Mr. Baker's investments, we know more, as he testified on many subjects.

His 20,000 shares in the First National Bank are worth at least $20 million.

His stock and six other New York banks and trust companies are together worth about $3 million.

I went into finance.

I went to work in Dallas, Texas when I graduated from Vanderbilt and had a fantastic experience there working for the largest financial institution between Los Angeles and New York at the time, First National Bank of Dallas, in managing bond portfolios and doing profit plans for the banks that we owned across Texas.

But it was where I got my first taste of regulatory affairs, too, which is a key part of your question you asked.

And in those three years of working at First National Bank of Dallas, I created an innovation program.

there that got me noticed by the big cheeses in that company, which was Texas at the time, Colorado and Illinois were what are called unit banking states.

They had no branches.

And secondly, that technology is at the heart of America's economic engine and economic growth and innovation.

And it is a disruptive force that is essential.