PITTSBURGH, Nov. 29 /PRNewswire-FirstCall/ -- F.N.B. Capital Corporation, LLC, the Pittsburgh-based merchant banking subsidiary of F.N.B. Corporation , has provided mezzanine financing to Realpoint, LLC, a company that provides integrated commercial real estate research, bond surveillance, analytics, and data management services to companies engaged in commercial real estate finance. The investment will enable the buyout of Realpoint by the executive management team, led by Realpoint founder, Robert Dobilas. Investment bankers from Griffin Financial Group, LLC facilitated the transaction.
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"F.N.B. Capital was one of several mezzanine groups interested in Realpoint because of the quality of the management team and the company's dominant position in the real estate research market. We are pleased to have been selected as an investment partner in this very promising and high growth enterprise," said Stephen Gurgovits, Jr., President and Chief Executive Officer of F.N.B. Capital Corporation. "This investment also allows F.N.B. Capital Corporation to expand its footprint into the greater Harrisburg and Philadelphia markets."
Since its inception in 2001, Realpoint, based in Horsham, PA, has enjoyed top market position in its industry, and was recognized for the quality of the information it provides by investors surveyed by Real Estate Finance and Investment in 2002. The company is poised to introduce several innovative new products, including Lead Generator, a service that provides commercial financing leads to banks and other lenders.
"Given recent events in the credit markets, we anticipate increased demand for the reliable and comprehensive research offered by Realpoint through their extensive database and premiere technology," added Gurgovits.
About F.N.B. Capital Corporation, LLC:
F.N.B. Capital Corporation, LLC is headquartered in Ross Township, PA. A subsidiary of F.N.B. Corporation, it specializes in providing subordinated debt, private equity, and other types of financial capital to small and medium sized commercial enterprises, focusing on recapitalizations, buyouts, generational transitions, mergers and acquisitions, and other growth capital needs.
About F.N.B. Corporation:
F.N.B. Corporation, headquartered in Hermitage, PA had total assets of $6.1 billion at September 30, 2007. F.N.B. is a leading provider of banking, wealth management, insurance, merchant banking and consumer finance services in Pennsylvania and Ohio, where it owns and operates First National Bank of Pennsylvania, including its Legacy Bank and Legacy Trust Company Divisions, First National Trust Company, First National Investment Services Company, LLC, F.N.B. Investment Advisors, Inc., First National Insurance Agency, LLC, F.N.B. Capital Corporation, LLC, and Regency Finance Company. It also operates consumer finance offices in Tennessee and loan production offices in Tennessee and Florida.
Mergent Inc., a leading provider of business and financial information about publicly traded companies, has recognized F.N.B. Corporation as a Dividend Achiever. This annual recognition is based on the Corporation's outstanding record of increased dividend performance. The Corporation has consistently increased dividend payments for 35 consecutive years.
The common stock of F.N.B. Corporation trades on the New York Stock Exchange under the symbol FNB. Investor information is available on the F.N.B. Corporation Web site at http://www.fnbcorporation.com/.
