Yadkin Bank: Report: Federal Reserve approves F.N.B.'s buy of Yadkin Financial Corp.

F.N.B. Corp.'s purchase of Raleigh, N.C.-based Yadkin Financial Corp. was approved by the Federal Reserve, according to a report in Reuters. The news service reported the news on Friday based on two people familiar with the matter, although there's yet to be any official announcement on the matter. F.N.B and Yadkin announced a merger plan in July 2016 in an all-stock deal valued at $1.4 billion. The deal is expected to increase F.N.B.'s assets to nearly $30 billion.