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Briefcase

DUNCANSVILLE

Seafood outlet to open

Western Edge Seafood Outlet will open for business Sunday, June 5, at 114 Hollidaysburg Plaza, Duncansville.

Western Edge Seafood began as a fish supplier to restaurants and has since expanded to include outlet stores offering restaurant-quality seafood. Each store also boasts a staff of seafood specialists who offer recommendations, cooking advice, recipes and more.

Business hours will be 10 a.m. to 7 p.m. Monday through Saturday and 10 a.m. to 5 p.m. Sunday. The telephone number is 814-317-5302.

A grand opening will be held on June 10 with giveaways and samples during that weekend.

PITTSBURGH

FNB strengthens NC presence

F.N.B. Corp. and UB Bancorp have announced the signing of a definitive merger agreement for FNB to acquire UB Bancorp, including its wholly-owned banking subsidiary, Union Bank, in an all-stock transaction valued at $19.56 per share, or a fully diluted market value of approximately $117 million, based upon the closing stock price of FNB as of Tuesday.

Union Bank, based in Greenville, N.C., has approximately $1.2 billion in total assets, $1 billion in total deposits of which approximately 40% are noninterest bearing, and $0.7 billion in total loans and leases as of March 31. Union Bank operates 15 full-service banking offices in 12 counties located throughout Eastern and Central North Carolina. This merger further increases FNB’s presence in North Carolina.

Following the proposed merger with UB Bancorp, FNB will have approximately $43 billion in total assets, $35 billion in deposits and $28 billion in total loans.

FNB and UB Bancorp expect to complete the transaction in late 2022. Union Bank will merge with and into FNB’s subsidiary, First National Bank of Pennsylvania.

Chamber sets trip to Egypt

The Blair County Chamber of Commerce, in cooperation with Epic Journeys, will be hosting a Treasures of Egypt trip, March 2-13, 2023. The itinerary includes land and cruise adventures to exotic locations such as Tutankhamun’s treasures, ancient bazaars, the pyramids and ancient temples, and Valley of the Kings. Ground transportation from Altoona to the airport is included in the trip.

An informational meeting will be held at 6 p.m. June 22 at the Devorris Center for Business Development, 3900 Industrial Park Drive, Altoona. There is no obligation or cost to attend. To register, call the Chamber at 814-943-8151 or register online at www.blairchamber.com.

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