F.N.B. merger OK’d

F.N.B. merger OK’d

hermitage, pa.

Shareholders of Comm Bancorp have approved the Clarks Summit, Pa.-based bank’s merger with F.N.B. Corp., the two companies recently announced. Shareholders of Comm Bancorp will be entitled to receive a fixed exchange ratio of 3.4545 shares of F.N.B. common stock and $10 in cash for each share of Comm Bancorp stock. The merger is expected to close Dec. 31, pending regulatory approvals. F.N.B. is the parent company of First National Bank.

Landowners to meet

hanoverton

The Associated Landowners of the Ohio Valley will meet at 6 p.m. today at the United High School Auditorium, 8143 state Route 9. The agenda will include a review of the initial responses from drilling companies interested in the group’s proposal. A representative from a national association of landowners will address the group.

For information, contact Mark Shafer at 330-482-0961, Bob Rea at 330-337-3100, or e-mail lmusser1@neo.rr.com.

New natural-gas rate

east palestine

Direct Energy has set a new fixed supply price for natural-gas customers in the Direct Choice program. Direct Choice customers in East Palestine will pay $5.52 per thousand cubic feet for natural gas, excluding utility charges and taxes, between February and July 2011. Those already participating will receive this new price automatically.

To take advantage of the Direct Choice offer, individuals or small businesses must be eligible to participate in the state’s customer-choice program and have a residence or business in East Palestine. Senior citizens age 65 or older who own a residence in the city are eligible for an additional discount.

The Opt-Out Aggregation Program is available to residential and small-business consumers served by the local utility. Consumers are automatically included in the plan unless they contact Direct Energy to be excluded.

For information about Direct Choice, call 866-803-4618, and for information about the Opt-Out program, call 866-760-6040.

Vindicator staff reports