EXHIBIT 99.1

                   F.N.B. CORPORATION TO BUY PITTSBURGH-BASED
                        MORRELL, BUTZ & JUNKER INSURANCE

Hermitage, PA - July 26, 2004 - F.N.B. Corporation (NYSE: FNB) announced today
the signing of a definitive agreement to purchase Morrell, Butz & Junker, Inc.,
a full-service insurance agency based in Pittsburgh that offers property and
casualty, life, and health insurance, and group benefits coverage to both
commercial and individual clients.

The company will become a part of F.N.B. Corporation's First National Insurance
Agency, Inc. The acquisition doubles the size of F.N.B.'s insurance division and
is expected to be accretive in 2005.

"We are extremely pleased to acquire such a thriving agency that is so
complementary to our current business," said Stephen Gurgovits, President and
CEO of F.N.B. "This will provide the stable foundation and additional management
strength our insurance division needs to grow and prosper."

Morrell, Butz and Junker, Inc., is owned by James J. Morrell, Randall C. Butz,
and Stephen P. Lesser.  Founded in 1992, it is one of the largest independent
insurance agencies based in Western Pennsylvania, with revenues of $4.0 million.
It operates offices in Pittsburgh, Delmont, and Johnstown, PA, and serves
clients in Allegheny, Westmoreland, Indiana, Butler, Fayette, Somerset, Cambria,
Bedford and Blair Counties. The agency's employees, as well as its owners, will
remain with the company.

"We are delighted to be joining First National Insurance Agency," said James J.
Morrell, President and CEO of Morrell, Butz, and Junker. "The merger of these
two premier, high-performing businesses, and the resultant complementary market
coverage, will benefit our clients, our employees, and the F.N.B. shareholders."

This is the third acquisition by F.N.B. in 2004.   In April the company's
Regency Finance division acquired eight consumer finance offices in the greater
Columbus, Ohio region.  In May F.N.B. announced a definitive agreement to merge
with Slippery Rock Financial Corporation, parent of First National Bank of
Slippery Rock.


                                                                     More. . .


                                                 F.N.B. Corporation Page 2 of 2


ABOUT F.N.B. CORPORATION:
F.N.B. Corporation, headquartered in Hermitage, PA has total assets of $4.8
billion. F.N.B. is a leading provider of banking, wealth management, insurance,
and consumer finance services in Western Pennsylvania and Eastern Ohio, where it
owns and operates First National Bank of Pennsylvania, First National Trust
Company, First National Investment Services Company, F.N.B. Investment Advisors,
Inc., First National Insurance Agency, Inc., and Regency Finance Company. It
also operates consumer finance offices in Tennessee.


Mergent Inc., a leading provider of business and financial information on
publicly traded companies, has recognized F.N.B. as a Dividend Achiever. This
annual recognition is based on the Corporation's outstanding record of increased
dividend performance. The Corporation has consistently increased dividend
payments for 30 consecutive years.


The common stock of F.N.B. Corporation trades on the New York Stock Exchange
under the symbol FNB.

                                      # # #

This document contains "forward-looking statements" relating to present or
future trends or factors affecting the banking industry and specifically the
financial operations, markets and products of F.N.B. Corporation. These
forward-looking statements involve certain risks and uncertainties. There are a
number of important factors that could cause future results to differ materially
from historical performance or the results projected. These factors include, but
are not limited to: (1) a significant increase in competitive pressures among
depository institutions; (2) changes in the interest rate environment that may
reduce interest margins; (3) changes in prepayment speeds, loan sale volumes,
charge-offs and loan loss provisions; (4) less favorable than expected general
economic conditions; (5) legislative or regulatory changes that may adversely
affect the businesses in which F.N.B. is engaged; and (6) changes in the
securities markets. F.N.B. undertakes no obligation to release revisions to
these forward-looking statements or to reflect events or circumstances after the
date of this release.

                                        MEDIA CONTACT:           Kathryn Lima
                                                                 724-981-4318
                                                          724-301-6984 (cell)
                                                       www.fnbcorporation.com