Fnb Financial Services (NASDAQ:FNBF)
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FNB Financial Services Corporation (NASDAQ:
FNBF)("FNB"), parent of FNB Southeast, is pleased to announce that K.
Dwight Willoughby, FNB's Controller, has been appointed to the
Business and Industry Executive Committee ("BIEC") of the American
Institute of Certified Public Accountants ("AICPA"). The objectives of
the BIEC are to consider global issues relating to AICPA relations
with its members in business and industry, provide direction to the
Center for Excellence in Financial Management ("CEFM"), identify
future trends and issues to be addressed, and ensure proper
representation of business and industry members on AICPA council,
board of directors and other relevant AICPA committees and task
forces.
The American Institute of Certified Public Accountants
(www.aicpa.org) is the national, professional association of CPAs,
with nearly 350,000 members, including CPAs in business and industry,
public practice, government, and education; student affiliates; and
international associates. It sets ethical standards for the profession
and U.S. auditing standards for audits of private companies; federal,
state and local governments; and non-profit organizations. It also
develops and grades the Uniform CPA Examination.
Willoughby was also recognized as the 2002-2003 Outstanding Member
in Business and Industry by the North Carolina Association of
Certified Public Accountants ("NCACPA") . This annual award was
established by the NCACPA to recognize a member in corporate practice
for outstanding achievement in significantly contributing to the
growth and success of his/her employer organization. Currently, the
NCACPA has more than 11,000 members with approximately half of the
membership coming from business and industry.
A Certified Public Accountant (CPA), Willoughby has more than 20
years experience in the financial services industry. Prior to joining
FNB, Willoughby helped form and served as Senior Vice President and
Chief Financial Officer of Independence Bank in Kernersville. He has
also served as Director of Financial Reporting for Southern National
Corporation of Winston-Salem, NC, a multi-bank holding company.
Additionally, he has served as chair of the NCACPA Members in Business
and Industry Committee, president of the Northwest Piedmont Chapter of
the NCACPA, and president of the Piedmont/Winston-Salem Chapter of the
Institute of Management Accountants.
As of June 30, 2005, FNB's consolidated assets were $979.4
million, outstanding loans totaled $763.3 million, deposits were
$811.4 million, and shareholders' equity was $73.4 million. FNB
Financial Services Corporation is a financial holding company
headquartered in Greensboro, NC with one subsidiary, FNB Southeast; a
North Carolina chartered commercial bank. FNB Southeast currently
operates 17 banking offices located in North Carolina and Virginia.
FNB Southeast Mortgage Corporation and FNB Southeast Investment
Services, Inc. are operating subsidiaries of FNB Southeast.
Additional information regarding FNB Financial Services
Corporation can be accessed online at www.fnbsoutheast.com.
Information in this press release may contain "forward looking
statements." These statements involve risks and uncertainties that
could cause actual results to differ materially, including without
limitation, the effects of future economic conditions, governmental
fiscal and monetary policies, legislation and regulatory changes, the
risks of changes in interest rates and the effects of competition.
Additional factors that could cause actual results to differ
materially are discussed in the Company's recent filings with the
Securities and Exchange Commission, including but not limited to, its
Annual Report on Form 10-K and its other periodic reports.