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First National Bank Names Roberts President, CEO"
HERMITAGE, Pa. -- Gary Roberts yesterday was elected president and chief executive officer of First National Bank, the banking subsidiary of F.N.B. Corp. (NYSE: FNB). Roberts, the bank's senior executive vice president and chief operating officer, was elected at today's meeting of bank's board of directors. He succeeds Stephen Gurgovits, who has had dual responsibilities as president and CEO of the bank and F.N.B. Gurgovits was elected chairman of the board of First National Bank and will continue as president and CEO of F.N.B. Peter Mortensen, who has been chairman of the bank and F.N.B., will remain chairman of the corporation, and will chair the executive committee of the First National Bank board."Both First National Bank and F.N.B. Corp. deserve a full-time C.E.O.," said Gurgovits, who joined First National Bank in 1964, and has been president since 1988. "Gary has the skills and experience needed to lead First National Bank effectively, and to allow me to devote my full attention to F.N.B. Corp.."Roberts joined F.N.B. in 1997 as president and chief executive officer of Metropolitan National Bank in Youngstown. When Metropolitan and First National Bank were merged in 2002, he was named senior executive vice president and chief operating officer of First National Bank."Community banking as practiced by First National Bank combines the best of traditional banking -- based on personal relationships and good citizenship -- with the full array of financial services that can only be delivered by a bank with the asset-size and exceptional caliber of personnel that we have," said Roberts. "I look forward to working with the members of the F.N.B. team, building on the excellent foundation already established, and helping to take this outstanding bank to its next level of excellence."Roberts began his banking career in 1967 in Omaha, Neb. He is a graduate of Creighton University in Omaha. Roberts is only the 12th person to serve as president of First National Bank since its founding in Greenville, Pa., in 1864. "That says a great deal about the stability of leadership in this organization," said Gurgovits.First National Bank, the largest subsidiary of F.N.B.Corp., operates 123 branches in 22 counties in western Pennsylvania and northeast Ohio. The bank announced in May a definitive agreement to merge with Slippery Rock Financial Corp., the $335 million parent company of First National Bank of Slippery Rock. That merger is expected to be complete in early October. F.N.B. Corp. had total assets of $4.8 billion at June 30. In addition to First National Bank, the corporation owns and operates First National Trust Co., First National Investment Services Co., F.N.B. Investment Advisors Inc., and First National Insurance Agency Inc.Visit F.N.B. Corp. at www.fnbcorporation.com "