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People on the Move 7/9/23

FNCB Recognized Once Again as One of the Top Community Banks in the United States

DUNMORE, Pa., June 21, 2023 (GLOBE NEWSWIRE) FNCB Bancorp, Inc. (NASDAQ: FNCB), the parent company of FNCB Bank, today announced its inclusion in American Banker magazine’s annual list of the Top 200 publicly traded community banks in the United States for the third consecutive year. In its June 12, 2023 article, American Banker ranked FNCB Bancorp, Inc. 81st on the list of 200 top-performing Publicly Traded Community Banks and Thrifts with less than $2 billion of assets and is based on the t

FNCB Bank announces scholarship winners

Back Mountain Chamber to host awards ceremony

NCB and Samba complete merger deal to create Saudi Arabia s biggest lender

The two lenders agreed in October to combine their balance sheets to create the biggest bank in the kingdom with an asset base of 896 billion riyals ($239bn). In preparation for the merger, NCB received approval from the CMA to raise its capital from 30bn riyals to 44.78bn riyals, allowing it to issue new shares to Samba shareholders. The share swap ratio was set at 0.739 NCB ordinary shares for each Samba ordinary share. SNB, with headquarters in Saudi Arabia’s capital Riyadh, will have a 30 per cent market share and benefit from increased scale, “the sharing of best practice and unprecedented depth of employee talent”, the bank said in a March 2 statement.

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