Iron & Glass Bancorp sets July 31 as meeting date to decide merger with F.N.B.

By Lisa Kerner

Charlotte, N.C., June 20 - Shareholders of Iron & Glass Bancorp, Inc. will vote on the company's acquisition by F.N.B. Corp. at a special meeting on July 31 at 10 a.m. ET.

The record date for the meeting is June 6.

Iron & Glass Bancorp's board of directors has unanimously approved the merger agreement and recommends its shareholders also approve the deal, it was reported in a form 424B3 filed with the Securities and Exchange Commission.

Under the merger agreement, Iron & Glass shareholders can elect to receive either $75 cash or 5 shares of F.N.B. common stock for each share of Iron & Glass Bancorp, subject to proration of 45% cash and 55% stock if either cash or stock is oversubscribed.

The transaction, valued at $86.1 million, is slated to close in the third quarter, it was previously reported.

Iron & Glass Bancorp is the Pittsburgh-based holding company and parent of Iron & Glass Bank.

F.N.B., through its subsidiaries, provides various financial services to consumers and small to medium-sized businesses in Pennsylvania, Ohio and Tennessee. The company is based in Hermitage, Pa.

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