HERMITAGE, Pa. and MONROEVILLE, Pa., Nov.
8, 2011 /PRNewswire/ -- F.N.B. Corporation (NYSE: FNB) and
Parkvale Financial Corporation (NASDAQ: PVSA) today announced that
the Registration Statement previously filed with the Securities and
Exchange Commission (SEC) in connection with the proposed merger of
the two companies has been declared effective by the SEC.
As previously announced on June 15,
2011, shareholders of Parkvale Financial Corporation will be
entitled to receive 2.178 shares of F.N.B. Corporation common stock
for each share of Parkvale Financial Corporation common stock owned
immediately prior to the merger.
Parkvale Financial Corporation will hold a special meeting of
shareholders on Thursday, December 15,
2011, to consider and vote upon the proposed merger.
Shareholders of record as of the close of business on
October 20, 2011 will be entitled to
notice and vote at the special meeting. The mailing of proxy
materials, including a proxy card and notice of the special
meeting, is expected to take place on or about November 9, 2011.
ADDITIONAL INFORMATION ABOUT THE MERGER
In connection with the proposed merger between F.N.B.
Corporation (FNB) and Parkvale Financial Corporation (Parkvale),
FNB filed a registration statement (Registration Statement No.
333-177050) with the SEC, which includes the proxy statement of
Parkvale, the prospectus of FNB and other documents relating to the
merger. The Registration Statement was declared effective by
the SEC on November 7, 2011.
SHAREHOLDERS OF PARKVALE FINANCIAL CORPORATION ARE ADVISED TO
READ THE PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT
DOCUMENTS FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR
SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY CONTAIN IMPORTANT
INFORMATION.
The proxy statement/prospectus and other relevant materials, and
any other documents F.N.B. Corporation has filed with the SEC, may
be obtained free of charge at the SEC's website at www.sec.gov. In
addition, investors and security holders may obtain free copies of
the documents F.N.B. Corporation has filed with the SEC by
contacting James Orie, Chief Legal
Officer, F.N.B. Corporation, One F.N.B. Boulevard, Hermitage, PA 16148, telephone: (724) 983-3317
and free copies of the documents Parkvale Financial Corporation has
filed with the SEC by contacting Gilbert A.
Riazzi, Chief Financial Officer, 4220 William Penn Highway,
Monroeville, PA 15146, telephone:
(412) 373-4804.
F.N.B. Corporation, Parkvale Financial Corporation and their
respective directors, executive officers and other members of their
management and employees may be deemed to be participants in the
solicitation of proxies from shareholders of Parkvale Financial
Corporation in connection with the proposed merger. Information
concerning such participants' ownership of Parkvale Financial
Corporation common stock is set forth in the definitive proxy
statement/prospectus relating to the merger which was filed by
Parkvale Financial Corporation on November
7, 2011. This communication does not constitute an
offer of any securities for sale.
About F.N.B. Corporation
F.N.B. Corporation, headquartered in Hermitage, PA, is a diversified financial
services company with total assets of $9.95
billion. F.N.B. Corporation is a leading provider of
commercial and retail banking, leasing, wealth management,
insurance, merchant banking and consumer finance services in
Pennsylvania and Ohio, where it owns and operates First
National Bank of Pennsylvania,
First National Trust Company, First National Investment Services
Company, LLC, F.N.B. Investment Advisors, Inc., First National
Insurance Agency, LLC, F.N.B. Capital Corporation, LLC, Regency
Finance Company and F.N.B. Commercial Leasing. It also operates
consumer finance offices in Kentucky and Tennessee.
The common stock of F.N.B. Corporation trades on the New York
Stock Exchange under the symbol "FNB" and is included in Standard
& Poor's SmallCap 600 Index with the Global Industry
Classification Standard (GICS) Regional Banks Sub-Industry Index.
Investor information is available on F.N.B. Corporation's Web
site at www.fnbcorporation.com.
About Parkvale Financial Corporation
Parkvale Financial Corporation, headquartered in Monroeville, PA conducts business in the
greater Tri-State area through 47 full-service offices, with 40
offices in Allegheny, Beaver, Butler, Fayette, Washington and Westmoreland Counties of Pennsylvania, two branches in West Virginia and five branches in
Ohio. With total assets of
$1.8 billion at June 30, 2011, Parkvale was the eighth largest
financial institution headquartered in the Pittsburgh metropolitan area and the eighth
largest financial institution in western Pennsylvania.
SOURCE F.N.B. Corporation
