Press Releases

January 28, 2010

FNB, INC. Announces New Director

FOR IMMEDIATE RELEASE                   Douglas Peterman, Sr.

FNB, Inc., parent company of The First National Bank of Dennison and TuscValley Financial, Inc. in New Philadelphia, announced today that Douglas Peterman, Sr. has been elected to the Board of Directors of FNB, Inc., and  The First National Bank of Dennison. Peterman replaces Jack Nemetz of Dover, who retired from the Board on December 31, 2009, after 14 years of service.

Mr. Peterman is the owner of Peterman Plumbing and Heating, Inc., located at 525 W. 15th Street, Dover, Ohio. He assumed ownership of the business from his father Paul in July, 1974. The business has grown from a one man operation to 22 full-time and one part-time employee.

Peterman is active in the community affairs, serving on the Board of Education for Dover City Schools for over 20 years and also serves on the Board of Buckeye Career Center. He is a board member and past president at Union Country Club where he serves as chairman of the Building and Grounds Committee.

Peterman Plumbing and Heating, Inc. has been involved in the Tuscarawas County community for years with non-profit organizations, including Big Brothers Big Sisters and the Dover Booster Club. In addition, the business has contributed labor and materials to organizations such as Habitat for Humanity and Historical Canal Dover.

Blair Hillyer, Chairman and President of FNB, Inc. commented, "We are very excited to have Doug join our Board of Directors for both the holding company and the bank. He is a well known businessman in our County and his knowledge and insight will be beneficial to us as we battle through some of the challenges ahead."

Questions about the release should be directed to Blair Hillyer, President, at 740-922-2532. 

November 20, 2009

FNB, INC. DIVIDEND

FOR IMMEDIATE RELEASE

The Board of Directors of FNB, Inc., parent company of The First National Bank of Dennison and TuscValley Financial, Inc. of New Philadelphia, has declared a regular dividend of $.50 per share and a "special" dividend of $.25 per share to shareholders of record November 20, 2009. Both dividends are payable December 1, 2009.

The semi-annual regular dividend and the special dividend are the same as the dividend paid last December. The total dividend for 2009 was $1.25 per share, the same as the dividend paid by the Company in 2008.

The First National Bank of Dennison is a locally-owned community bank with five banking offices in Tuscarawas County. TuscValley Financial, Inc. operates a consumer finance company at 111 Front Avenue, New Philaldephia. Both companies are wholly-owned subsidiaries of FNB, Inc. 

Questions about this release should be addressed to Blair Hillyer at (740)922-2532.

May 15, 2009

FNB, INC. DIVIDEND

The Board of Directors of FNB, Inc., parent company of The First National Bank of Dennison and TuscValley Financial, Inc. of New Philadelphia, has declared a dividend of $.50 per share to shareholders of record May 15, 2009. The dividend is payable June 1, 2009.

The semi-annual dividend is the same as the dividend paid last June. In December of 2008, the Company paid the regular dividend of $.50 per share and a "special" dividend of $.25 per share.

The First National Bank of Dennison is a locally-owned community bank with five banking offices in Tuscarawas County. TuscValley Financial, Inc. operates a consumer finance company at 111 Front Avenue, SE, New Philadelphia. Both companies are wholly-owned subsidiaries of FNB, Inc.

Questions about this release should be addressed to Blair Hillyer at (740)922-2532.

March 21, 2009

FNB, INC. ANNUAL STOCKHOLDERS MEETING

FNB, Inc., parent company of The First National Bank of Dennison and TuscValley Financial, Inc. in New Philadelphia, held its Annual Meeting of Shareholders on Friday, March 20, 2009 at its Gnadenhutten Office.

Chairman Blair Hillyer reported to the shareholders that year-end assets were just over $169 million and earnings per share were $2.54, down slightly from the $2.61 per share earned in 2007. The dividend was $1.25 per share for the year, the same as the dividend paid in 2007. Hillyer said the year was one of the best ever for the Company, especially considering all the economic turmoil. He thanked the shareholders for their support and praised the employees for their dedication during the year.

Four directors were re-elected to a 3-year term on the Board of Directors for FNB, Inc. They are Thomas (Tim) Miller of New Philadelphia, owner of Dover News Agency; businessman Lee Novak of Uhrichsville; Dr. Jay Tolloti of Dover, a dentist in New Philadelphia; and Blair Hillyer, chairman, president and CEO of FNB, Inc. and The First National Bank of Dennison.

Questions about this release should be addressed to Blair Hillyer at (740)922-2532. Thank you.

November 14, 2008

FNB INC., DIVIDEND

The Board of Directors of FNB, Inc., parent company of The First National Bank of Dennison and TuscValley Financial, Inc. of New Philadelphia, has declared a regular dividend of $.50 per share and a “special” dividend of $.25 per share to shareholders of record November 14, 2008. Both dividends are payable December 1, 2008.

The semi-annual regular dividend and the special dividend are the same as the dividend paid last December. The total dividend for 2008 was $1.25 per share, the same as the dividend paid by the Company in 2007.

The First National Bank of Dennison is a locally-owned community bank with five banking offices in Tuscarawas County. TuscValley Financial, Inc. operates a consumer finance company at 111 Front Avenue, New Philadelphia. Both companies are wholly-owned subsidiaries of FNB, Inc.

May 09,2008

FNB INC., DIVIDEND

The Board of Directors of FNB, Inc., parent company of The First National Bank of Dennison and TuscValley Financial, Inc. of New Philadelphia has declared a dividend of $0.50 per share to shareholders of record May 9, 2008. The dividend will be paid June 1, 2008.

The semi-annual dividend is the same as the dividend paid last June. In December of 2007, the Company paid the regular dividend of $.50 per share and a "special" dividend of $.25 per share.

The First National Bank of Dennison is locally-owned community bank with five banking offices in Tuscarawas County. TuscValley Financial, Inc. operates a consumer finance company at 111 Front Avenue, SE, New Philadelphia. Both companies are wholly-owned subsidiaries of FNB, Inc.

March 14,2008

FNB INC. ANNUAL STOCKHOLDERS MEETING

FNB, Inc., Parent Company of The First National Bank of Dennison and TuscValley Financial, Inc. held its Annual Meeting of Shareholders on Friday, March 14, 2008 at its Gnadenhutten Office.

Chairman Blair Hillyer reported to shareholders that year-end assets climbed to $170 million and earnings per share increased from $2.38 to $2.61, an increase of 9.66%. Hillyer said that the Company had excellent results for the third consecutive year. He also noted that the total cash dividend was increased during the year from $1.20 per share to $1.25 share, an increase of 4.17%.

Chairman Hillyer said the Company would face significant challenges for the remainder of 2008. He cited loan quality issues, a general lack of loan demand, contracting interest margins due to sudden and significant rate cuts by the Federal Reserve Bank and tough competition in the marketplace. He also said the full effects of subprime mortgage lending in the United States had not yet been determined.

Four directors were re-elected to a 3-year term on the Board of Directors for FNB, Inc. They are Michael Oberholzer of Dennison,a businessman and insurance consultant; James Carrothers of Dennison, an attorney with the law firm of Stephenson, Stephenson, Carrothers and Ong in New Philadelphia; Greg DiDonato of Dennison, owner of the Trainmaster Inn in Dennison and Brad Hillyer of Dennison, an attorney with the law firm of Connolly, Hillyer and Jackson in Uhrichsville and Newcomerstown.