| Industries |
|---|
| Health Care Distribution and Services |
| Application Software |
| Asset Management and Custody Banks |
| Health Care Facilities |
| Technology Hardware Storage and Peripherals |
| Information Technology |
| Technology Hardware and Equipment |
| Exposures |
|---|
| Cooperate |
| Regime |
| Express intent |
| Military |
| Provide |
| Intelligence |
| Leadership |
| Economic |
| Event Codes |
|---|
| Vote |
| Reward |
| Human death |
| Solicit support |
| Warn |
| Request |
| Yield to order |
| Acknowledge responsibility |
| Host meeting |
| Accident |
| Agree |
| Sports contest |
| Demand |
| Promise |
| Wiki | Wiki Summary |
|---|---|
| Subsidiary | A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that belong to the same parent company are called sister companies. |
| Emirates subsidiaries | Emirates Airline has diversified into related industries and sectors, including airport services, event organization, engineering, catering, and tour operator operations. Emirates has four subsidiaries, and its parent company has more than 50. |
| Subsidiary alliance | A subsidiary alliance, in South Asian history, was a tributary alliance between an Indian state and a European East India Company. The system of subsidiary alliances was pioneered by the French East India Company governor Joseph François Dupleix, who in the late 1740s established treaties with the Nizam of Hyderabad, India, and other Indian princes in the Carnatic.It stated that the Indian rulers who formed a treaty with the British would be provided with protection against any external attacks in place that the rulers were (a) required to keep the British army at the capitals of their states (b)they were either to give either money or some territory to the company for the maintenance of the British troops (c) they were to turn out from their states all non-english europeans whether they were employed in the army or in the civil service and (d)they had to keep a British official called 'resident' at the capital of their respective states who would oversee all the negotiations and talks with the other states which meant that the rulers were to have no direct correspondence or relations with the other states . |
| Subsidiary title | A subsidiary title is an hereditary title held by a royal or noble person but which is not regularly used to identify that person, due to the concurrent holding of a greater title.\n\n\n== United Kingdom ==\nAn example in the United Kingdom is the Duke of Norfolk, who is also the Earl of Arundel, the Earl of Surrey, the Earl of Norfolk, the Baron Beaumont, the Baron Maltravers, the Baron FitzAlan, the Baron Clun, the Baron Oswaldestre, and the Baron Howard of Glossop. |
| Operating subsidiary | An operating subsidiary is a subsidiary of a corporation through which the parent company (which may or may not be a holding company) indirectly conducts some portion of its business. Usually, an operating subsidiary can be distinguished in that even if its board of directors and officers overlap with those of other entities in the same corporate group, it has at least some officers and employees who conduct business operations primarily on behalf of the subsidiary alone (that is, they work directly for the subsidiary). |
| Alphabet Inc. | Alphabet Inc. is an American multinational technology conglomerate holding company headquartered in Mountain View, California. |
| List of Gazprom subsidiaries | Russian energy company Gazprom has several hundred subsidiaries and affiliated companies owned and controlled directly or indirectly. The subsidiaries and affiliated companies are listed by country. |
| Subsidiary right | A subsidiary right (also called a subright or sub-lease) is the right to produce or publish a product in different formats based on the original material. Subsidiary rights are common in the publishing and entertainment industries, in which subsidiary rights are granted by the author to an agent, publisher, newspaper, or film studio. |
| List of Toshiba subsidiaries | Subsidiaries of Toshiba. Together, these companies form the Toshiba Group. |
| Paper railroad | In the United States, a paper railroad is a company in the railroad business that exists "on paper only": as a legal entity which does not own any track, locomotives, or rolling stock.\nIn the early days of railroad construction, paper railroads had to exist by necessity while in the financing stage. |
| Corporation | A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity (a legal entity recognized by private and public law "born out of statute"; a legal person in legal context) and recognized as such in law for certain purposes.: 10 Early incorporated entities were established by charter (i.e. by an ad hoc act granted by a monarch or passed by a parliament or legislature). |
| Municipal corporation | A municipal corporation is the legal term for a local governing body, including (but not necessarily limited to) cities, counties, towns, townships, charter townships, villages, and boroughs. The term can also be used to describe municipally owned corporations. |
| Target Corporation | Target Corporation (doing business as Target and stylized as target) is an American big box department store chain headquartered in Minneapolis, Minnesota. It is the eighth largest retailer in the United States, and a component of the S&P 500 Index. |
| Multinational corporation | A multinational company (MNC) is a corporate organization that owns and controls the production of goods or services in at least one country other than its home country. Control is considered an important aspect of an MNC, to distinguish it from international portfolio investment organizations, such as some international mutual funds that invest in corporations abroad simply to diversify financial risks. |
| C corporation | An S corporation, for United States federal income tax, is a closely held corporation (or, in some cases, a limited liability company (LLC) or a partnership) that makes a valid election to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code. In general, S corporations do not pay any income taxes. |
| Evil corporation | An evil corporation is a trope in popular culture that portrays a corporation as ignoring social responsibility in order to make money for its shareholders.\n\n\n== In fiction ==\nThe notion is "deeply embedded in the landscape of contemporary culture—populating films, novels, videogames, and more." The science fiction genre served as the initial background to portray corporations in this dystopian light.Evil corporations can be seen to represent the danger of combining capitalism with larger hubris. |
| News Corporation | The original incarnation of News Corporation (abbreviated News Corp.), also variously known as News Corporation Limited, was an American multinational mass media corporation operated and owned by media mogul Rupert Murdoch and headquartered at 1211 Avenue of the Americas in New York City. Prior to its split in 2013, it was the world's largest media company in terms of total assets and the world's fourth largest media group in terms of revenue, and News Corporation had become a media powerhouse since its inception, dominating the news, television, film and print industries.News Corporation was a publicly traded company listed on NASDAQ. Formerly incorporated in Adelaide, South Australia, the company was re-incorporated under Delaware General Corporation Law after a majority of shareholders approved the move on November 12, 2004. |
| List of municipal corporations in Tamil Nadu | City Municipal Corporations of Tamil Nadu are the local governing bodies of the cities in Tamil Nadu. There are 21 municipal corporations in the state. |
| We the Corporations | We the Corporations: How American Businesses Won Their Civil Rights is a book-length history of American corporate personhood and other rights of corporations written by constitutional law professor Adam Winkler and published by W. W. Norton in 2018.\nThe title was a 2018 National Book Award for Nonfiction finalist.The book won the 2019 Book Award from Scribes--The American Society of Legal Writers. |
| List of municipal corporations in Kerala | Kerala's 14 revenue districts in 2015 were further divided into 6 municipal corporations, 87 municipalities and 941 grama panchayats.\n\n\n== History ==\nThe urban councils of Kerala date back to the 17th century when the Dutch Malabar established the municipality of Fort Kochi. |
| List of City Corporations of Bangladesh | There are 12 city corporations in Bangladesh. Two of them are present in the capital Dhaka. |
| Office of the Registrar of Indigenous Corporations | The Office of the Registrar of Indigenous Corporations (ORIC) assists the Registrar of Indigenous Corporations in administering the Corporations (Aboriginal and Torres Strait Islander) Act 2006 ("CATSI Act") and in supporting and regulating corporations for Indigenous people throughout Australia. The CATSI Act is similar to the Corporations Act 2001.The Registrar of Indigenous Corporations, formerly the Registrar of Aboriginal Corporations (1977–2007) and Registrar of Aboriginal and Torres Strait Islander Corporations (2007 – 1 May 2008), is an Australian Government statutory office appointed by the Minister for Indigenous Australians under the CATSI Act. |
| Benefit corporation | In the United States, a benefit corporation (or in several jurisdictions including Delaware, a public-benefit corporation or PBC) is a type of for-profit corporate entity, authorized by 35 U.S. states and the District of Columbia, that includes positive impact on society, workers, the community and the environment in addition to profit as its legally defined goals, in that the definition of "best interest of the corporation" is specified to include those impacts. Laws concerning conventional corporations (referred to as "C corporations" by the IRS) typically do not specify the definition of "best interest of the corporation", which has led to the interpretation that increasing shareholder value (profits and/or share price) is the only overarching or compelling interest of a corporation. |
| Thiruvananthapuram Corporation | Thiruvananthapuram Municipal Corporation (Malayalam: തിരുവനന്തപുരം നഗരസഭ) is the oldest (formed in 1940) and the largest (by area and population) city corporation in the Kerala state of India. It is the municipal corporation that administrates the city of Thiruvananthapuram (Trivandrum), the capital of Kerala. |
| Valve Corporation | Valve Corporation is an American video game developer, publisher, and digital distribution company headquartered in Bellevue, Washington. It is the developer of the software distribution platform Steam and the franchises Half-Life, Counter-Strike, Portal, Day of Defeat, Team Fortress, Left 4 Dead and Dota. |
| Thievery Corporation | Thievery Corporation is an American electronic music duo consisting of Rob Garza and Eric Hilton. Their musical style mixes elements of dub, acid jazz, reggae, Indian classical, Middle Eastern music, hip hop, electronica, and Brazilian music, including bossa nova. |
| Public company | A public company, publicly traded company, publicly held company, publicly listed company, or public limited company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). |
| Municipal corporation (India) | A municipal corporation is a type of local government in India that administers urban areas with a population of more than one million. The growing population and urbanization of various Indian cities highlighted the need for a type of local governing body that could provide services such as healthcare, education, housing and transport by collecting property taxes and administering grants from the state government. |
| Arithmetic | Arithmetic (from Ancient Greek ἀριθμός (arithmós) 'number', and τική [τέχνη] (tikḗ [tékhnē]) 'art, craft') is an elementary part of mathematics that consists of the study of the properties of the traditional operations on numbers—addition, subtraction, multiplication, division, exponentiation, and extraction of roots. In the 19th century, Italian mathematician Giuseppe Peano formalized arithmetic with his Peano axioms, which are highly important to the field of mathematical logic today. |
| Operation Mincemeat | Operation Mincemeat was a successful British deception operation of the Second World War to disguise the 1943 Allied invasion of Sicily. Two members of British intelligence obtained the body of Glyndwr Michael, a tramp who died from eating rat poison, dressed him as an officer of the Royal Marines and placed personal items on him identifying him as the fictitious Captain (Acting Major) William Martin. |
| Bitwise operation | In computer programming, a bitwise operation operates on a bit string, a bit array or a binary numeral (considered as a bit string) at the level of its individual bits. It is a fast and simple action, basic to the higher-level arithmetic operations and directly supported by the processor. |
| Operations management | Operations management is an area of management concerned with designing and controlling the process of production and redesigning business operations in the production of goods or services. It involves the responsibility of ensuring that business operations are efficient in terms of using as few resources as needed and effective in meeting customer requirements. |
| Operations research | Operations research (British English: operational research), often shortened to the initialism OR, is a discipline that deals with the development and application of advanced analytical methods to improve decision-making. It is sometimes considered to be a subfield of mathematical sciences. |
| Emergency operations center | An emergency operations center (EOC) is a central command and control facility responsible for carrying out the principles of emergency preparedness and emergency management, or disaster management functions at a strategic level during an emergency, and ensuring the continuity of operation of a company, political subdivision or other organization.\nAn EOC is responsible for strategic direction and operational decisions and does not normally directly control field assets, instead leaving tactical decisions to lower commands. |
| Surgery | Surgery is a medical or dental specialty that uses operative manual and instrumental techniques on a person to investigate or treat a pathological condition such as a disease or injury, to help improve bodily function, appearance, or to repair unwanted ruptured areas.\nThe act of performing surgery may be called a surgical procedure, operation, or simply "surgery". |
| Operation Condor | Operation Condor (Spanish: Operación Cóndor, also known as Plan Cóndor; Portuguese: Operação Condor) was a United States-backed campaign of political repression and state terror involving intelligence operations and assassination of opponents. It was officially and formally implemented in November 1975 by the right-wing dictatorships of the Southern Cone of South America.Due to its clandestine nature, the precise number of deaths directly attributable to Operation Condor is highly disputed. |
| Systemically important financial institution | A systemically important financial institution (SIFI) is a bank, insurance company, or other financial institution whose failure might trigger a financial crisis. They are colloquially referred to as "too big to fail".As the financial crisis of 2007–2008 unfolded, the international community moved to protect the global financial system through preventing the failure of SIFIs, or, if one does fail, limiting the adverse effects of its failure. |
| Risk Factors |
|---|
| FNB CORP/FL/ ITEM 1A RISK FACTORS The Corporation’s status as a holding company makes it dependent on dividends from its subsidiaries to meet its obligations |
| The Corporation is a holding company and conducts almost all of its operations through its subsidiaries |
| The Corporation does not have any significant assets other than the stock of its subsidiaries |
| Accordingly, the Corporation depends on dividends from its subsidiaries to meet its obligations and obtain revenue |
| The Corporation’s right to participate in any distribution of earnings or assets of its subsidiaries is subject to the prior claims of creditors of such subsidiaries |
| Under federal and state law, FNBPA is limited in the amount of dividends it may pay to the Corporation without prior regulatory approval |
| Also, bank regulators have the authority to prohibit FNBPA from paying dividends if the bank regulators determine the payment would be an unsafe and unsound banking practice |
| Interest rate volatility could significantly harm the Corporation’s business |
| The Corporation’s results of operations are affected by the monetary and fiscal policies of the federal government and the regulatory policies of governmental authorities |
| A significant component of the Corporation’s earnings is its net interest income, which is the difference between the income from interest earning assets, such as loans, and the expense of interest bearing liabilities, such as deposits |
| A change in market interest rates could adversely affect the Corporation’s earnings if market interest rates change such that the interest the Corporation pays on deposits and borrowings increases faster than the interest it collects on loans and investments |
| 9 _________________________________________________________________ [66]Table of Contents Consequently, the business of the Corporation, along with that of other financial institutions, generally is sensitive to interest rate fluctuations |
| The Corporation’s results of operations are significantly affected by the ability of its borrowers to repay their loans |
| Lending money is an essential part of the banking business |
| However, borrowers do not always repay their loans |
| The risk of non-payment is affected by: • credit risks of a particular borrower; • changes in economic and industry conditions; • the duration of the loan; and • in the case of a collateralized loan, uncertainties as to the future value of the collateral |
| Generally, commercial/industrial, construction and commercial real estate loans present a greater risk of non-payment by a borrower than other types of loans |
| In addition, consumer loans typically have shorter terms and lower balances with higher yields compared to real estate mortgage loans, but generally carry higher risks of default |
| Consumer loan collections are dependent on the borrower’s continuing financial stability, and thus are more likely to be affected by adverse personal circumstances |
| Furthermore, the application of various federal and state laws, including bankruptcy and insolvency laws, may limit the amount that can be recovered on these loans |
| The Corporation’s financial condition and results of operations would be adversely affected if its allowance for loan losses is not sufficient to absorb actual losses |
| There is no precise method of predicting loan losses |
| The Corporation can give no assurance that its allowance for loan losses is or will be sufficient to absorb actual loan losses |
| Excess loan losses could have a material adverse effect on the Corporation’s financial condition and results of operations |
| The Corporation attempts to maintain an appropriate allowance for loan losses to provide for estimated losses in its loan portfolio |
| The Corporation periodically determines the amount of its allowance for loan losses based upon consideration of several factors, including: • a regular review of the quality, mix and size of the overall loan portfolio; • historical loan loss experience; • evaluation of non-performing loans; • assessment of economic conditions and their effects on the Corporation’s existing portfolio; and • the amount and quality of collateral, including guarantees, securing loans |
| The Corporation’s financial condition may be adversely affected if it is unable to attract sufficient deposits to fund its anticipated loan growth |
| The Corporation funds its loan growth primarily through deposits |
| To the extent that the Corporation is unable to attract and maintain sufficient levels of deposits to fund its loan growth, the Corporation would be required to raise additional funds through public or private financings |
| The Corporation can give no assurance that it would be able to obtain these funds on terms that are favorable to it |
| The Corporation could experience significant difficulties and complications in connection with its growth and acquisition strategy |
| The Corporation has grown through acquisitions significantly over the last few years and may seek to continue to grow by acquiring financial institutions and branches as well as non-depository entities engaged in permissible activities for its financial institution subsidiaries |
| However, the market for acquisition is highly competitive |
| The Corporation may not be as successful in the future as it has been in the past in identifying financial institution and 10 _________________________________________________________________ [67]Table of Contents branch acquisition candidates, integrating acquired institutions or preventing deposit erosion at acquired institutions or branches |
| As part of its acquisition strategy, the Corporation may acquire additional banks and non-bank entities that it believes provide a strategic fit with its business |
| To the extent that the Corporation is successful with this strategy, there can be no assurance that the Corporation will be able to manage this growth adequately and profitably |
| For example, acquiring any bank or non-bank entity will involve risks commonly associated with acquisitions, including: • potential exposure to unknown or contingent liabilities of banks and non-bank entities the Corporation acquires; • exposure to potential asset quality issues of acquired banks and non-bank entities; • potential disruption to the Corporation’s business; • potential diversion of the time and attention of the Corporation’s management; and • the possible loss of key employees and customers of the banks and other businesses the Corporation acquires |
| In addition to acquisitions, FNBPA may expand into additional communities or attempt to strengthen its position in its current markets by undertaking additional de novo branch openings |
| Based on its experience, the Corporation believes that it generally takes up to three years for new banking facilities to achieve operational profitability due to the impact of organizational and overhead expenses and the start-up phase of generating loans and deposits |
| To the extent that FNBPA undertakes additional de novo branch openings, FNBPA is likely to continue to experience the effects of higher operating expenses relative to operating income from the new banking facilities, which may have an adverse effect on the Corporation’s net income, earnings per share, return on average equity and return on average assets |
| The Corporation may encounter unforeseen expenses, as well as difficulties and complications in integrating expanded operations and new employees without disruption to its overall operations |
| Following each acquisition, the Corporation must expend substantial resources to integrate the entities |
| The integration of non-banking entities often involves combining different industry cultures and business methodologies |
| The failure to integrate successfully the entities the Corporation acquires into its existing operations may adversely affect its results of operations and financial condition |
| The Corporation could be adversely affected by changes in the law, especially changes in the regulation of the banking industry |
| The Corporation and its subsidiaries operate in a highly regulated industry and are subject to supervision and regulation by several governmental agencies, including, among others, the Federal Reserve Board, the OCC and the FDIC Regulations are generally intended to provide protection for depositors and customers rather than for investors |
| The Corporation is subject to changes in federal and state law, regulations, governmental policies, income tax laws and accounting principles |
| Changes in regulation could adversely affect the banking and financial services industry as a whole and could limit the Corporation’s growth and the return to investors by restricting such activities as: • the payment of dividends; • mergers with or acquisitions of other institutions; • investments; • loans and interest rates; • the provision of securities, insurance or trust services; and • the types of non-deposit activities in which the Corporation’s financial institution subsidiaries may engage |
| 11 _________________________________________________________________ [68]Table of Contents In addition, legislation may change present capital requirements, which could restrict the Corporation’s activities and require the Corporation to maintain additional capital |
| The Corporation’s results of operations could be adversely affected due to significant competition |
| The Corporation may not be able to compete effectively in its markets, which could adversely affect the Corporation’s results of operations |
| The banking and financial services industry in each of the Corporation’s market areas is highly competitive |
| The competitive environment is a result of: • changes in regulation; • changes in technology and product delivery systems; and • the accelerated pace of consolidation among financial services providers |
| The Corporation competes for loans, deposits and customers with various bank and non-bank financial service providers, many of which are larger in terms of total assets and capitalization, have greater access to the capital markets and offer a broader array of financial services than the Corporation does |
| Competition with such institutions may cause the Corporation to increase its deposit rates or decrease its interest rate spread on loans it originates |
| The Corporation’s continued pace of growth may require it to raise additional capital in the future, but that capital may not be available when it is needed |
| The Corporation is required by federal and state regulatory authorities to maintain adequate levels of capital to support its operations |
| As a financial holding company, the Corporation seeks to maintain capital sufficient to meet the “well-capitalized” standard set by regulators |
| The Corporation anticipates that its current capital resources will satisfy its capital requirements for the foreseeable future |
| The Corporation may at some point, however, need to raise additional capital to support continued growth, whether such growth occurs internally or through acquisitions |
| The Corporation’s ability to raise additional capital, if needed, will depend on conditions in the capital markets at that time, which are outside the Corporation’s control, and on its financial performance |
| Accordingly, there can be no assurance of the Corporation’s ability to raise additional capital, if needed, on terms acceptable to it |
| If the Corporation cannot raise additional capital when needed, its ability to expand its operations through internal growth and acquisitions could be materially impaired |
| Adverse economic conditions in the Corporation’s market area may adversely impact its results of operations and financial condition |
| The majority of the Corporation’s business is concentrated in western Pennsylvania and eastern Ohio, which are traditionally slower growth markets than other areas of the United States |
| As a result, FNBPA’s loan portfolio and results of operations may be adversely affected by factors that have a significant impact on the economic conditions in this market area |
| The local economies of this market area historically have been less robust that the economy of the nation as a whole and may not be subject to the same fluctuations as the national economy |
| Adverse economic conditions in the Corporation’s market area, including the loss of certain significant employers, could reduce its growth rate, affect its borrowers’ ability to repay their loans and generally affect the Corporation’s financial condition and results of operations |
| Furthermore, a downturn in real estate values in FNBPA’s market area could cause many of its loans to become inadequately collateralized |
| Certain provisions of the Corporation’s Articles of Incorporation and By-laws and Florida law may discourage takeovers |
| The Corporation’s Articles of Incorporation and By-laws contain certain anti-takeover provisions that may discourage or may make more difficult or expensive a tender offer, change in control or takeover attempt that is opposed by the Corporation’s Board of Directors |
| In particular, the Corporation’s Articles of Incorporation and By-laws: • classify its Board of Directors into three classes, so that stockholders elect only one-third of its Board of Directors each year; 12 _________________________________________________________________ [69]Table of Contents • permit stockholders to remove directors only for cause; • do not permit stockholders to take action except at an annual or special meeting of stockholders; • require stockholders to give the Corporation advance notice to nominate candidates for election to its Board of Directors or to make stockholder proposals at a stockholders meeting; • permit the Corporation’s Board of Directors to issue, without stockholder approval unless otherwise required by law, preferred stock with such terms as its Board of Directors may determine; and • require the vote of the holders of at least 75prca of the Corporation’s voting shares for stockholder amendments to its By-laws |
| Under Florida law, the approval of a business combination with a stockholder owning 10prca or more of the voting shares of a corporation requires the vote of holders of at least 2/3 of the voting shares not owned by such stockholder, unless the transaction is approved by a majority of the corporation’s disinterested directors |
| In addition, Florida law generally provides that shares of a corporation that are acquired in excess of certain specified thresholds will not possess any voting rights unless the voting rights are approved by a majority of the corporation’s disinterested stockholders |
| These provisions of the Corporation’s Articles of Incorporation and By-laws and of Florida law could discourage potential acquisition proposals and could delay or prevent a change in control, even though a majority of the Corporation’s stockholders may consider such proposals desirable |
| Such provision could also make it more difficult for third parties to remove and replace members of the Corporation’s Board of Directors |
| Moreover, these provisions could diminish the opportunities for stockholders to participate in certain tender offers, including tender offers at prices above the then-current market price of the Corporation’s common stock, and may also inhibit increases in the trading price of the Corporation’s common stock that could result from takeover attempts |
| Loss of members of the Corporation’s executive team could have a negative impact on business |
| The Corporation’s success is dependent, in part, on the continued service of its executive officers |
| The loss of the service of one or more of these executive officers could have a negative impact on the Corporation’s business because of their skills, relationships in the banking community and years of industry experience and the difficulty of promptly finding qualified replacement executive officers |