Parkvale Financial (PVSA) 8-K Regulation FD Disclosure

Exhibit 99.1

Parkvale Financial Corporation
Annual Meeting of Shareholders — October 28, 2010
Errata Sheet

Parkvale Financial Corporation (the “Company”) originally filed its Form 10-K for the year ended June 30, 2010 on September 13, 2010. It was subsequently determined that the calculation of the disallowed portion of the Company’s deferred tax asset was inadvertently overlooked with respect to the Tier I Capital calculation. The result of the oversight is that the Tier I Capital ratio on page 50 of the Form 10-K (Liquidity and Capital Resources section of Management’s Discussion and Analysis of Financial Condition and Results of Operations), and regulatory capital amounts and ratios disclosed in Note G (Regulatory Capital) to the financial statements on page 80 of the Form 10-K were not correctly disclosed at June 30, 2010. In all instances, the revised regulatory capital amounts and corresponding ratios result in the Company continuing to be categorized as well capitalized under regulatory framework. Revisions to the Company’s Form 10-K for the year ended June 30, 2010 are as follows:

• The Tier I Leverage Capital ratio disclosed in the second full paragraph on page 50 should be 6.19%, rather than 6.70%.

• The following chart reflects the revised regulatory capital amounts and ratios at June 30, 2010 disclosed on page 80:

											To Be Well
											Capitalized Under
						For Capital					Prompt Corrective
	Actual					Adequacy Purposes					Action Provisions
	Amount		Ratio			Amount		Ratio			Amount		Ratio
As of June 30, 2010:
Total Capital to Risk Weighted Assets	$	129,125		10.57	%	$	97,775		8.00	%	$	122,219		10.00	%
Tier I Capital to Risk Weighted Assets		115,111		9.42	%		48,888		4.00	%		73,331		6.00	%
Tier I Capital to Average Assets		115,111		6.19	%		74,372		4.00	%		92,966		5.00	%

/s/Gilbert A. Riazzi  

Gilbert A. Riazzi 

Chief Financial Officer