Vincent J. Delie Jr. new CEO of F.N.B.

Vincent J. Delie Jr. new CEO of F.N.B.

HERMITAGE, PA.

F.N.B. Corp. has announced that Vincent J. Delie Jr. has been elected chief executive officer of the organization, effective Jan. 18.

Delie succeeds Stephen J. Gurgovits, who will serve as board chairman. Delie, who also was elected to the board, will remain president of F.N.B. Corp. and CEO of First National Bank, F.N.B.’s largest affiliate.

Delie has more than 26 years of financial-services experience, the last seven with F.N.B.

“F.N.B. Corp. has been consistent in building customer and shareholder value, and it was important that the search for the next chief executive officer identify a leader who can continue that successful focus,” said Gurgovits in a statement.

Gurgovits will serve as chairman of F.N.B. and continue as chairman of First National Bank. In March 2012, he will begin a five-year consulting agreement with the company. William Campbell, who previously served as chairman, will remain on the board and serve as lead director.

Ohio program to promote exporting

COLUMBUS

The Ohio Department of Development announced Wednesday the International Market Access Grant for Exporters program, which is part of the National Export Initiative to double U.S. exports by 2015.

The Small Business Jobs Act of 2010 authorized the U.S. Small Business Administration to establish a three-year trade and export- promotion pilot program, known as the State Trade and Export Promotion grant.

Ohio received $983,399 for the first year and will award 111 grants at a maximum amount of $6,000 to each grantee, a 50 percent reimbursement on qualified expenditures. An additional 48 grants worth up to $3,000 are available for companies electing to participate in approved trade missions.

To learn more about the guidelines and to download an application, please visit www.IMAGE.development.ohio.gov.

7 accused of Dell insider trading

WASHINGTON

Federal authorities announced criminal and civil charges Wednesday against seven investment-fund managers and analysts whom they accuse of gaining more than $62 million in illicit earnings through insider information passed to them about Texas-based computer giant Dell Inc.

Four men were arrested early Wednesday in New York and Los Angeles, and three others already had pleaded guilty and were cooperating with prosecutors, the FBI and the Securities and Exchange Commission said at a joint news conference in Manhattan.

Vindicator staff/wire reports