N@N

Law Offices of Howard G. Smith Announces Investigation of Parkvale Financial Corporation

^{Published on 2011-06-17 16:41:05 - Market Wire}
 

BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Parkvale Financial Corporation (aParkvalea or the aCompanya) (NASDAQ:PVSA) related to the Companya™s agreement to be acquired by F.N.B. Corporation (aF.N.B.a). The proposed all-stock transaction is valued at approximately $130 million.

Under the terms of the definitive merger agreement entered into by the parties, Parkvale shareholders will receive 2.178 shares of F.N.B. common stock for each share of Parkvale stock they own. The proposed transaction values Parkvale stock at approximately $22.48 per share. The proposed transaction is expected to be completed in fourth quarter 2011. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by Parkvalea™s board of directors.

If you are a shareholder of Parkvale, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at 215-638-4847, Toll Free at 888-638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].