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F.N.B. Corporation News

F.N.B. Corporation Declares Dividend for the Second Quarter of 2008 and Holds Annual Meeting

HERMITAGE, Pa., May 14 PRNewswire-FirstCall — F.N.B. Corporation (NYSE: FNB), a diversified financial services company, today announced that its Board of Directors declared a quarterly cash dividend on the Corporation's common stock of 24 cents per share. The dividend is payable on June 15, 2008, to shareholders of record as of the close of business on June 1, 2008.

Robert V. New, Jr., President and CEO, commented, "The board is pleased to be able to provide shareholders with a cash dividend that is well-supported by our earnings and available capital."

Separately, today the Corporation held its Annual Meeting of Shareholders at the F.N.B. Technology Center in Hermitage, PA. At the meeting eight directors were elected. Henry M. Ekker, Dawne S. Hickton, D. Stephen Martz, Peter Mortensen and Earl K. Wahl, Jr. will serve three-year terms ending in 2011. Stanton R. Sheetz will serve a two-year term ending in 2010. Philip E. Gingerich and Robert V. New, Jr. will each serve a one-year term ending in 2009.

Shareholders also ratified the appointment of Ernst & Young LLP as the Corporation's independent registered public accounting firm for 2008.

About F.N.B. Corporation

F.N.B. Corporation, headquartered in Hermitage, PA, is a diversified financial services company with total assets, including the recently acquired Omega Financial Corporation, of approximately $8.0 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 the Corporation's outstanding record of increased dividend performance. The 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

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