FNB $1.47 billion acquisition of Yadkin Financial

Overview:

• Banking corporation FNB has acquired fellow US banker Yadkin Financial in a $1.47 billion deal.
• With the purchase, FNB has expanded its presence into Yadkin's locations in North and South Carolina.
• The acquisition was an all-stock transaction valued at $27.35 per Yadkin share.
• Reed Smith advised FNB.
• Skadden Arps Slate Meagher & Flom advised Yadkin.

Kurt Stumpo - Journalist - North America and the Caribbean