Metro Bank customers fear changes from FNB merger
With Metro Bank set to become First National Bank in February, customers of the Central Pennsylvania-based company are expressing concerns about potential changes.
Pittsburgh-based FNB Corporation and Metro Bancorp announced Thursday that shareholders of both companies approved merger plans first announced in August, according to a joint press release.
FNB will finalize its $474 million acquisition of Metro on Feb. 12, at which time Metro customers can begin to start seeing changes, according to FNB spokeswoman Jennifer Reel. All of Metro's 32 branches, including five in York County, will remain open, she said.
Reel said the company plans to put out a press release on the changes in the next week or so, but Metro customers may not stick around long enough to read it.
Leaving Metro's York Crossing branch Friday morning, West Manchester Township resident Cliff Beck said he and his wife are already in the process of transferring all their funds over to First Capital Federal Credit Union because of the merger.
"It's a real pain in the butt," said Beck, who added that he's been a Metro customer for nearly 20 years.
Beck said he's switching because he was notified recently that the merger would result in maintenance fees for his checking and savings accounts.
Rafael Martinez, visiting the same Metro location, said he's only been a Metro customer about nine months, but he's generally been happy there.
The owner of a Dover car business, Martinez said he'd just received documents about potential changes as a result of the merger and hadn't had a chance to look at them yet, but he was worried about any potential changes to hours of operation.
The fact that Metro is open seven days a week and later than other banks on weekdays is a major reason he opened his account.
While FNB won't be closing any Metro branches, it will be laying off a significant amount of its employees.
The corporation will lay off 230 employees, according to its filing under the state's Worker Adjustment and Retraining Notification Act. Metro had about 800 employees at the time the merger was announced in August, according to Metro spokeswoman Natalie Neyer.
Reel said she couldn't comment on the reductions "to be sensitive to the people who may have been impacted."
Reach David Weissman at firstname.lastname@example.org.