F.N.B., Omega Financial set meeting date for merger vote

By Lisa Kerner

Charlotte, N.C., Feb. 4 - F.N.B. Corp. and Omega Financial Corp. shareholders will decide the companies' proposed merger at separate meetings on March 19 in Pennsylvania.

Omega shareholders will vote at 3 p.m. ET, followed by the F.N.B. shareholders at 3:30 p.m. ET.

The boards of directors of both F.N.B. and Omega have unanimously approved the strategic merger, which is designed to enhance the competitive position of the combined company, according to a 424B3 filing with the Securities and Exchange Commission.

F.N.B., which will be the surviving company, will issue some 26.6 million shares of its common stock in connection with the merger.

The merger agreement calls for Omega shareholders to receive merger consideration of 2.022 shares of F.N.B. common stock for each share of Omega common stock. Cash will be given in lieu of fractional shares.

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.

Omega Financial is the holding company for Omega Bank and is located in State College, Pa.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.