HERMITAGE, Pa., Aug. 18 /PRNewswire-FirstCall/ -- F.N.B. Corporation
(NYSE: FNB) today announced that it has completed its merger with Iron and
Glass Bancorp, Inc. Shares of Iron and Glass Bancorp, Inc. will no longer be
traded.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020329/FBANLOGO )
Iron and Glass branches will continue to operate, as normal, but under the
First National Bank of Pennsylvania name. First National Bank of Pennsylvania
has 218 offices serving commercial and consumer customers in 35 counties in
Pennsylvania and Northeast Ohio.
Bob New, President and CEO of F.N.B. Corporation commented, 'We are
pleased to welcome the Iron and Glass customers, associates and shareholders
to our organization. We expect that the Iron and Glass locations and people
will be an important part of our growth strategy in the Pittsburgh market,
going forward. We look forward to serving the Iron and Glass customers with
our strong suite of financial products and having FNB's existing and new
customers take advantage of our expanded presence.'
About F.N.B. Corporation
F.N.B. Corporation, headquartered in Hermitage, PA, is a diversified
financial services company with total assets of $8.4 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 Bank
Capital Services. It also operates consumer finance offices in Tennessee and
loan production offices in Pennsylvania, Ohio, Tennessee and Florida.
Mergent Inc., a leading provider of business and financial information
about publicly traded companies, has recognized F.N.B. Corporation as a
Dividend Achiever. This annual recognition is based on F.N.B. Corporation's
outstanding record of increased dividend performance. F.N.B. Corporation has
consistently increased dividend payments for 35 consecutive years.
The common stock of F.N.B. Corporation trades on the New York Stock
Exchange under the symbol 'FNB'. Investor information is available on F.N.B.
Corporation's Web site at www.fnbcorporation.com.
Forward-looking Statements
This press release of F.N.B. Corporation and the reports F.N.B.
Corporation files with the Securities and Exchange Commission often contain
'forward-looking statements' relating to present or future trends or factors
affecting the banking industry and, specifically, the financial operations,
markets and products of F.N.B. Corporation. These forward-looking statements
involve certain risks and uncertainties. There are a number of important
factors that could cause F.N.B. Corporation's future results to differ
materially from historical performance or projected performance. These factors
include, but are not limited to: (1) a significant increase in competitive
pressures among financial institutions; (2) changes in the interest rate
environment that may reduce interest margins; (3) changes in prepayment
speeds, loan sale volumes, charge-offs and loan loss provisions; (4) less
favorable than expected general economic conditions; (5) legislative or
regulatory changes that may adversely affect the businesses in which F.N.B.
Corporation is engaged; (6) technological issues which may adversely affect
F.N.B. Corporation's financial operations or customers; (7) changes in the
securities markets or (8) risk factors mentioned in the reports and
registration statements F.N.B. Corporation files with the Securities and
Exchange Commission. F.N.B. Corporation undertakes no obligation to release
revisions to these forward-looking statements or to reflect events or
circumstances after the date of this press release.
SOURCE F.N.B. Corporation
