Business briefs

REGION

F.N.B. Corp. declares dividend, elects directors

HERMITAGE, Pa. — F.N.B. Corp. has declared a dividend of 12 cents a share on its common stock. The dividend is payable June 15 to shareholders of record as of June 1.

F.N.B. Corp. also elected the following directors at its annual meeting Wednesday: Philip E. Gingerich, Robert B. Goldstein, David J. Malone, Arthur J. Rooney II and William J. Strimbu.

KeyCorp eliminates additional 300 jobs

CLEVELAND — KeyCorp’s top official says the Cleveland-based bank continues to eliminate jobs.

Chairman and CEO Henry Meyer told shareholders at KeyCorp’s annual meeting Thursday that by June 30, the company will have eliminated at least 300 jobs in the second quarter. Over the past year, it has let go about 1,000 employees, leaving roughly 17,000.

Results two weeks ago of the federal government’s “stress tests” of the nation’s largest regional banks show KeyCorp needs to raise $1.8 billion in new capital to withstand losses if the recession gets worse.

From Vindicator staff and wire reports