F.N.B., Omega Financial shareholders approve merger agreement

By Lisa Kerner

Charlotte, N.C., March 19 - Shareholders of F.N.B. Corp. and Omega Financial Corp. approved a merger of the two companies at separate special meetings on Wednesday.

Under the Nov. 8 merger agreement, each outstanding share of Omega common stock will be converted into 2.022 shares of F.N.B. common stock, a joint news release stated.

F.N.B., which will be the surviving company, will issue 26.6 million shares of F.N.B. common stock. Cash will be given in lieu of fractional shares.

The transaction is expected to close on April 1, the release stated.

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.

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