Duane Morris FIRM and AFFILIATE OFFICES NEW YORK LONDON CHICAGO HOUSTON PHILADELPHIA SAN FRANCISCO SAN DIEGO BOSTON WASHINGTON, DC ATLANTA MIAMI NEWARK PITTSBURGH DETROIT ALLENTOWN WILMINGTON HARRISBURG PRINCETON PALM BEACH WESTCHESTER Re: Agreement...Agreement and Plan of Merger • June 21st, 2005 • FNB Corp/Fl/ • National commercial banks
We have acted as counsel to FNB, a Florida corporation, in connection with the proposed merger (the “Merger”) of North East, a Pennsylvania corporation (“North East”), with and into FNB, pursuant to the terms of and as described in that certain Agreement and Plan of Merger dated as of April 22, 2005 (the “Merger Agreement”) between FNB and North East. At your request, and as contemplated by the Merger Agreement, we are rendering our opinion concerning certain federal income tax consequences of the Merger. Unless otherwise indicated, all capitalized terms used in this opinion have the same meaning as used in the Merger Agreement.
EXECUTIVE EMPLOYMENT AGREEMENTExecutive Employment Agreement • June 21st, 2005 • FNB Corp/Fl/ • National commercial banks • Pennsylvania
This Agreement is made as of the latest date indicated below between The National Bank of North East, a national banking association, (hereinafter called the “Company”) and the undersigned employee, David B. Hartman (hereinafter called the “Executive”).
