F.N.B. Corp. to Buy UB Bancorp for $117M

PITTSBURGH – F.N.B. Corporation and UB Bancorp announced this morning the signing of a definitive merger agreement for FNB to acquire UB Bancorp, including its wholly-owned banking subsidiary, Union Bank. The all-stock transaction is valued at $19.56 per share, or a fully diluted market value of approximately $117 million, based upon the closing stock price of FNB as of yesterday. Union Bank, based in Greenville, North Carolina, has $1.2 billion in total assets, $1.0 billion in total depos

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Published by The Business Journal, Youngstown, Ohio.