F.N.B. Corporation Completes Merger With Comm Bancorp, Inc.

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Jan 03, 2011, 04:01 ET

HERMITAGE, Pa., Jan. 3, 2011 /PRNewswire/ -- F.N.B. Corporation (NYSE: FNB) today announced that it completed its merger with Comm Bancorp, Inc. on January 1, 2011. Shares of Comm Bancorp, Inc. will no longer be traded on the NASDAQ stock exchange.

Community Bank & Trust branches will currently continue to operate as normal, as a division of First National Bank of Pennsylvania, with a complete conversion to First National Bank products and services scheduled to be effective February 19, 2011. First National Bank of Pennsylvania now has 238 offices serving commercial and consumer customers in 41 counties in Pennsylvania and Northeast Ohio.

Stephen J. Gurgovits, President and CEO of F.N.B. Corporation commented, "We are extremely pleased to welcome Comm Bancorp, Inc. customers, shareholders and employees to the F.N.B. family. This transaction is a strategic expansion of our presence in Eastern Pennsylvania, in markets with attractive demographics, long-term growth potential and significant exposure to Marcellus Shale activity. Additionally, this merger continues our long-term strategy of partnering with quality organizations. We look forward to serving our new customers with our strong suite of innovative financial service products as well as enhancing our network of locations for existing customers."

About F.N.B. Corporation

F.N.B. Corporation, headquartered in Hermitage, PA, is a diversified financial services company with total assets of $9.0 billion as of September 30, 2010. 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.

SOURCE F.N.B. Corporation