Article: FNB Corp. to Acquire Leading Mortgage Company.

Business Editors

ASHEBORO, N.C.--(BUSINESS WIRE)--Feb. 21, 2003

FNB Corp. (Nasdaq: FNBN), today announced it has entered into a definitive agreement to acquire Dover Mortgage Company, one of North Carolina's most active mortgage lenders. The transaction is expected to close prior to April 30, 2003.

Dover, headquartered in Charlotte and with production offices located in Charlotte, Lake Norman, Raleigh, Greenville, Goldsboro and Wilmington, ranks among the top mortgage originators in North Carolina, with over $300 million in loan volume in 2001 and 2002. Dover also has an active correspondent program where it purchases mortgage loan production ...

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