Federal Reserve approves FNB merger

HERMITAGE, Pa. — The Federal Reserve Bankn of Cleveland today approved the merger of F.N.B. Corporation and Parkvale Financial Corporation.

The Parkvale Financial Corporation shareholders will vote on the proposed merger at a special shareholders’ meeting Thursday.

Boards from both institutions previously approved the merger. Stephen J. Gurgovits, CEO of F.N.B. Corp., said the targeted closing date is Jan. 1.