First National Bank Commits To Moving Headquarters To Former Civic Arena Site
PITTSBURGH (KDKA) -- In a few years, the First National Bank Corporation will have a new address, at the site of the old civic arena.
"It's an exciting moment, for not only FNB, but Pittsburgh and the entire community," said Vince Delie, Jr., Chairman, President and CEO of F.N.B. Corporation and First National Bank. "This has been a longtime coming."
"Really we've been space-constrained so we've been looking for something to not only benefit our employees and the community but also our shareholders," Delie said.
The answer: the new FNB Financial Center, where FNB will occupy nearly half of the space in a 24-story tower.
The FNB Financial Tower will be part of the bridge between Pittsburgh's historic Hill District and the Central Business District. The FNB tower will be a mixed-use space: with retail, office space and a parking garage.
Greenspace will also be part of the property.
"I think what we're doing here, what we're doing from a green perspective, from a sustainability perspective, from a community engagement perspective is completely unique," said David Morehouse, President and CEO of the Pittsburgh Penguins.
The site is owned by the Pittsburgh Penguins and adds to their commitment to work with the neighboring Hill District. For its part, FNB will offer over more than $200 million in loans and equity investments, to support the development of the Lower Hill District.
"There was a lot of thought put into what would be most impactful for Pittsburgh and the community and I'm going to take a lot of pride in watching that tower go up," said Delie.
Construction should be completed in 2022.
