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F.N.B. Corp to acquire BCSB Bancorp for $23.77 per share

F.N.B. Corp. (FNB) and BCSB Bancorp (BCSB) jointly announce the signing of a definitive merger agreement pursuant to which F.N.B. Corporation will acquire BCSB Bancorp in an all stock transaction valued at approximately $23.77 per share, or $79M in the aggregate using the closing stock price of F.N.B. Corporation as of Thursday June 13, 2013. Under the terms of the merger agreement, which has been approved by the boards of both companies, shareholders of BCSB Bancorp will be entitled to receive 2.08 shares of F.N.B. Corporation common stock for each common share of BCSB Bancorp.