HERMITAGE, Pa. and BALTIMORE, Aug. 21,
2014 /PRNewswire/ -- F.N.B. Corporation (NYSE: FNB) and OBA
Financial Services, Inc. (NASDAQ: OBAF) today announced that, at a
special meeting, the shareholders of OBA Financial Services, Inc.
have approved the Agreement and Plan of Merger between F.N.B.
Corporation and OBA Financial Services, Inc.
As announced previously on April 8,
2014, and as approved by the boards of directors of both
companies, shareholders of OBA Financial Services, Inc. will be
entitled to receive 1.781 shares of F.N.B. Corporation common stock
for each common share of OBA Financial Services, Inc. The exchange
ratio is fixed and the transaction is expected to qualify as a
tax-free exchange for shareholders of OBA Financial Services,
Inc.
As of July 29, 2014, all
regulatory approvals were received, and F.N.B. Corporation and OBA
Financial Services, Inc. expect the merger to have an effective
closing date of September 19,
2014.
About F.N.B. Corporation
F.N.B. Corporation (NYSE:
FNB), headquartered in Pittsburgh,
Pennsylvania, is a diversified financial services company
operating in six states and three major metropolitan areas.
It holds a top retail deposit market share in Pittsburgh, Baltimore, MD, and Cleveland, OH. The Company has total pro-forma
assets of $15.4 billion and more than
280 banking offices throughout Pennsylvania, Ohio, West
Virginia and Maryland.
F.N.B. provides a full range of commercial banking, consumer
banking and wealth management solutions through its subsidiary
network which is led by its largest affiliate, First National Bank
of Pennsylvania, founded in 1864.
Commercial banking solutions include corporate banking, small
business banking, investment real estate financing, international
banking, business credit, capital markets and lease financing. The
consumer banking segment provides a full line of consumer banking
products and services including deposit products, mortgage lending,
consumer lending and a complete suite of mobile and online banking
services. F.N.B.'s wealth management services include asset
management, private banking and insurance. The Company also
operates Regency Finance Company, which has more than 70 consumer
finance offices in Pennsylvania,
Ohio, Kentucky and Tennessee.
The common stock of F.N.B. Corporation trades on the New York
Stock Exchange under the symbol "FNB" and is included in Standard
& Poor's SmallCap 600 Index with the Global Industry
Classification Standard (GICS) Regional Banks Sub-Industry Index.
Customers, shareholders and investors can learn more about this
regional financial institution by visiting the F.N.B. Corporation
web site at www.fnbcorporation.com.
About OBA Financial Services, Inc.
OBA Financial
Services, Inc. serves as the holding company for its wholly owned
subsidiary, OBA Bank, which has 6 banking offices in Montgomery, Anne
Arundel, and Howard
Counties. The common stock of OBA Financial Services, Inc. is
traded under the trading symbol "OBAF" on the NASDAQ National
Market System.
SOURCE F.N.B. Corporation