F.N.B. Corporation Enhances Greater Cleveland Presence with Acquisition of PVF Capital Corp.

F.N.B. Corporation Enhances Greater Cleveland Presence with Acquisition of PVF
                                Capital Corp.

PR Newswire

HERMITAGE, Pa. and SOLON, Ohio, Feb. 19, 2013

HERMITAGE, Pa. and SOLON, Ohio, Feb. 19, 2013 /PRNewswire/ -- F.N.B.
Corporation (NYSE: FNB) and PVF Capital Corp. (NASDAQ: PVFC) jointly announce
the signing of a definitive merger agreement pursuant to which F.N.B.
Corporation will acquire PVF Capital Corp., the Solon-based holding company
and parent of Park View Federal Savings Bank, in an all stock transaction
valued at approximately $3.98 per share, or $106.4 million in the aggregate
using the 20-day trailing stock price of F.N.B. Corporation as of Friday,
February 15, 2013.

The acquisition of PVF Capital Corp. will provide F.N.B. Corporation with an
additional $782 million in total assets, $634 million in total deposits, $600
million in gross loans and 16 banking offices in the Greater Cleveland, Ohio
area. As a result of the transaction, F.N.B. Corporation will expand its
Cleveland presence and have a top fifteen deposit market share in the
Cleveland, Ohio metropolitan statistical area.

Under the terms of the merger agreement, which has been approved by the boards
of directors of both companies, shareholders of PVF Capital Corp. will be
entitled to receive 0.3405 shares of F.N.B. Corporation common stock for each
common share of PVF Capital Corp. The exchange ratio is fixed and the
transaction is expected to qualify as a tax-free exchange for shareholders of
PVF Capital Corp.

"We are excited to expand our presence in the Cleveland market. Cleveland's
close proximity to FNB's existing footprint and the opportunities the market
offers make this transaction very attractive," said Vincent J. Delie, Jr.,
President and Chief Executive Officer of F.N.B. Corporation. "With the
addition of Park View, we believe we have significantly enhanced our ability
to pursue commercial and consumer prospects in the greater Cleveland market
and are looking forward to building our new partnership."

"We are extremely pleased to join the FNB team," said Robert J. King, Jr.,
President and Chief Executive Officer of PVF Capital Corp. "This transaction
delivers significant value to our shareholders, customers and employees. FNB
has a reputation for offering a diverse product set, serving its local
communities and delivering attractive shareholder returns."

F.N.B. Corporation expects the merger to be immediately accretive to earnings
per share (excluding one-time costs). Additionally, the transaction is
expected to be accretive to F.N.B. Corporation's tangible book value per share
with a strong internal rate of return.

F.N.B. Corporation and PVF Capital Corp. expect to complete the transaction in
the third quarter of 2013, after satisfaction of customary closing conditions,
including regulatory approvals and the approval of the shareholders of PVF
Capital Corp.

Keefe, Bruyette & Woods, Inc. acted as financial advisor to F.N.B.
Corporation, and Sandler O'Neill + Partners, L.P. acted as financial advisor
to PVF Capital Corp. and rendered a fairness opinion to the Board of Directors
of PVF Capital Corp. in conjunction with this transaction. Reed Smith LLP
served as legal counsel to F.N.B. Corporation and Vorys, Sater, Seymour and
Pease LLP served as legal counsel to PVF Capital Corp.

An investor presentation will be available through the "Shareholder and
Investor Relations" section of F.N.B.'s web site at www.fnbcorporation.com.

F.N.B. Corporation will file a registration statement on Form S-4 with the
SEC. The registration statement will include a proxy statement/prospectus and
other relevant documents relating to the merger.


The proxy statement/prospectus and other relevant materials (when they become
available), and any other documents F.N.B. Corporation and PVF Capital Corp.
have filed with the SEC, may be obtained free of charge at the SEC's website
at www.sec.gov. In addition, investors and security holders may obtain free
copies of the documents F.N.B. Corporation has filed with the SEC by
contacting James Orie, Chief Legal Officer, F.N.B. Corporation, One F.N.B.
Boulevard, Hermitage, PA 16148, telephone: (724) 983-3317, and free copies of
the documents PVF Capital Corp. has filed with the SEC by contacting Jeffrey
N. Male, Secretary, PVF Capital Corp., 30000 Aurora Road, Solon, OH 44139,
telephone: (440) 248-7171.

F.N.B. Corporation and PVF Capital Corp. and certain of their directors and
executive officers may be deemed to be participants in the solicitation of
proxies from PVF Capital Corp. shareholders in connection with the proposed
merger. Information concerning such participants' ownership of PVF Capital
Corp. common shares will be set forth in the proxy statement/prospectus
relating to the merger when it becomes available. This communication does not
constitute an offer of any securities for sale.

About F.N.B. Corporation
F.N.B. Corporation, headquartered in Hermitage, PA, is a diversified financial
services company with total assets of $12.0 billion. F.N.B. Corporation is a
leading provider of commercial and retail banking, leasing, wealth management,
insurance, merchant banking and consumer finance services in Pennsylvania,
Ohio and West Virginia, where it owns and operates First National Bank of
Pennsylvania, First National Trust Company, First National Investment Services
Company, LLC, F.N.B. Investment Advisors, Inc., First National Insurance
Agency, LLC, F.N.B. Capital Corporation, LLC, Regency Finance Company and
F.N.B. Commercial Leasing. It also operates consumer finance offices in
Kentucky and Tennessee.

About PVF Capital Corp.
Park View Federal is a wholly-owned subsidiary of PVF Capital Corp. and
operates 16 full-service offices located throughout the Greater Cleveland
area. PVF Capital Corp.'s common shares trade on the NASDAQ Capital Market
under the symbol PVFC.

Forward-looking Statements
This joint press release of F.N.B. Corporation and PVF Capital Corp. contains
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act, relating to present or future trends or factors
affecting the banking industry and, specifically, the financial operations,
markets and products of F.N.B. Corporation and PVF Capital Corp.
Forward-looking statements are typically identified by words such as
"believe", "plan", "expect", "anticipate", "intend", "outlook", "estimate",
"forecast", "will", "should", "project", "goal", and other similar words and
expressions. These forward-looking statements involve certain risks and
uncertainties. In addition to factors previously disclosed in F.N.B.
Corporation and PVF Capital Corp. reports filed with the SEC and those
identified elsewhere in this filing, the following factors among others, could
cause actual results to differ materially from forward-looking statements or
historical performance: ability to obtain regulatory approvals and meet other
closing conditions to the Merger, including approval by PVF Capital Corp.
shareholders, on the expected terms and schedule; delay in closing the Merger;
difficulties and delays in integrating the F.N.B. Corporation and PVF Capital
Corp. businesses or fully realizing cost savings and other benefits; business
disruption following the Merger; changes in asset quality and credit risk; the
inability to sustain revenue and earnings growth; changes in interest rates
and capital markets; inflation; customer acceptance of F.N.B. Corporation
products and services; customer borrowing, repayment, investment and deposit
practices; customer disintermediation; the introduction, withdrawal, success
and timing of business initiatives; competitive conditions; the inability to
realize cost savings or revenues or to implement integration plans and other
consequences associated with mergers, acquisitions and divestitures; economic
conditions; and the impact, extent and timing of technological changes,
capital management activities, and other actions of the Federal Reserve Board
and legislative and regulatory actions and reforms. F.N.B. Corporation and PVF
Capital Corp. undertake no obligation to revise these forward-looking
statements or to reflect events or circumstances after the date of this press

SOURCE F.N.B. Corporation

Website: http://www.fnbcorporation.com
Contact: Analyst/Institutional Investor Contact, F.N.B. Corporation, Cynthia
Christopher, +1-724-983-3429, +1-724-815-3926 (cell), christoc@fnb-corp.com,
or Media Contact, F.N.B. Corporation, Jennifer Reel, +1-724-983-4856,
+1-724-699-6389 (cell), reel@fnb-corp.com
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