First National Taps Karto for International Banking Unit

PITTSBURGH -- First National Bank, the largest subsidiary of F.N.B. Corp., announced Monday the hiring of Yenner Karto as senior vice president and head of First National Bank's International Banking Services. In this role, Karto will establish the structure of FNB's full-service international banking unit and oversee foreign exchange, trade finance, global treasury, correspondent banking and expansion of the bank's international business.

Vincent J. Delie Jr., president and CEO of F.N.B. Corp., described Karto's experience in international banking as "impressive.

"The expansion of our international banking capabilities will allow us to better serve the needs of our business clients as they compete in global markets," Delie said.

Karto is enthusiastic about the opportunity to spearhead FNB's newest business unit, which joins the business credit and capital markets lines of business recently established in the last several years. "FNB is a thriving organization that remains focused on the needs of its clients. The build out of international banking capabilities is well aligned with the needs of the bank's commercial clients, especially in light of FNB's continued growth in a number of high growth metropolitan markets." 

Karto's financial experience spans more than 25 years and three continents. Most recently, he served as managing director and head of international banking for First Niagara Bank. Previously, he was vice president of international banking for PNC Financial Services and its predecessor, National City Bank. He earned a Master of Arts in Economics and an MBA with a concentration in finance from the University of Iowa.

As appointed by the Secretary of the Department of Commerce, Karto serves n the District Export Council. He is a board member for the World Affairs Council of Pittsburgh, and he holds a number of director positions for other local organizations. Karto resides in Sewickley, Pa., with his wife and three children.

First National Bank of Pennsylvania, based in Hermitage, Pa., operates 280 full-service locations in Pennsylvania, Ohio, Maryland and West Virginia. The company has total assets of $14.5 billion.

SOURCE: F.N.B. Corporation

Published by The Business Journal, Youngstown, Ohio.
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