FNBF Fnb Financial Services Corp (MM)

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.