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F.N.B. Declares 23-Cent Cash Dividend
HERMITAGE, Pa.-- The board of directors of F.N.B. Corp. yesterday approved a quarterly cash dividend on its common stock of 23 cents per share. The second-quarter dividend is payable Sept. 15 to shareholders of record as of the close of business Sept. 1. "This dividend -- on an annualized basis -- represents a current dividend yield of 4.5%, which places F.N.B. in the top 4% of bank holding companies our size across the continental U.S.," said Stephen Gurgovits, president and chief executive officer."In fact, we were second highest out of the 45 financial institutions in our peer group."F.N.B. has consistently increased dividend payments for 30 consecutive years, the company noted in announcing the second-quarter dividend. F.N.B. reports assets of $4.8 billion. The corporation owns and operates First National Bank of Pennsylvania, First National Trust Co., First National Investment Services Co., F.N.B. Investment Advisors Inc. and First National Insurance Agency Inc.Regency Finance Co., F.N.B.'s consumer finance subsidiary, conducts business as Regency Finance Co. in Pennsylvania and Tennessee; F.N.B. Consumer Discount Co. in western Pennsylvania; Finance and Mortgage Acceptance Corp. in central Tennessee; and Citizens Financial Services in eastern and central Ohio.Visit F.N.B. Corp. at www.fnbcorporation.com"