Shareholders for Parkvale Financial Corp. in Monroeville, Pa., have approved the company's sale to F.N.B. Corp.
The companies said in a press release Friday that the deal is expected to close Jan. 1. Under an agreement unveiled in June, shareholders of the $1.8 billion-asset Parkvale will receive about 2.2 shares of F.N.B. common stock for each Parkvale share.
F.N.B., based in Hermitage, Pa., has $9.95 billion in assets.