July 14, 2021Bankruptcy Slowdown Prompts Lawyers to Pivot to Transactions and Litigation
July 16, 2021
Nelson Mullins attorneys John Jennings, Maurice Holloway, Nikki Lee, Ann Murray, Ben Barnhill, Allie Nagy, and Mason Gregory advised Howard Bancorp in its pending merger with F.N.B. Corporation ("FNB"), a Pittsburgh-based financial services company. The two companies signed a definitive agreement for FNB to acquire Howard, subject to satisfaction of customary closing conditions, in a stock-for-stock merger with a market value of approximately $418 million, based upon the closing stock price of FNB as of Monday, July 12, 2021.
Howard, based in Baltimore, Maryland, had approximately $2.6 billion in total assets at March 31, 2021, and operates 13 full-service banking offices in Baltimore and the greater Washington, D.C. area.
Jennings practices in the areas of mergers and acquisitions, securities offerings, public company reporting, executive compensation, and corporate governance.
Established in 1897, Nelson Mullins is an AmLaw 100 firm with more than 800 attorneys and government relations professionals with 25 offices in 11 states and Washington, D.C. For more information on the firm, go to www.nelsonmullins.com.
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