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FNB Southeast Controller Willoughby Appointed To AICPA Committee.


GREENSBORO, N.C. -- FNB FNB First National Bank
FNB Food Not Bombs
FNB Food and Nutrition Board (Institute of Medicine, National Academy of Sciences)
FNB Food and Beverage (industry)
FNB Front Nouveau de Belgique
 Financial Services Corporation (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: 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 BIEC Bahrain International Exhibition Centre
BIEC Beverage Industry Environment Council (Australia) 
") of the American Institute of Certified Public Accountants With over 330,525 CPA members (in August 2006), the American Institute of Certified Public Accountants (AICPA) is the largest professional organization of Certified Public Accountants (CPAs) in the United States of America.  ("AICPA AICPA

See 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 (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000.  Examination.

Willoughby was also recognized as the 2002-2003 Outstanding Member in Business and Industry by the North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures


Area, 52,586 sq mi (136,198 sq km). Pop.
 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 The Institute of Management Accountants (IMA) is a professional organization headquartered in Montvale, New Jersey consisting of over 70,000 members worldwide. The IMA is dedicated to advancing the role of the management accountant and financial manager within the business .

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 Shareholders' Equity

A firms' total assets minus its total liabilities. Equivalently, it is share capital plus retained earnings minus treasury shares. Shareholders' equity is the amount by which a company is financed through common and preferred shares.
 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 Form 10-K

A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.


Form 10-K

See 10-K.
 and its other periodic reports.
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Publication:Business Wire
Geographic Code:1USA
Date:Sep 15, 2005
Words:540
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