FNB Southeast Controller Willoughby Appointed To AICPA Committee
15 September 2005 - 11:08PM
Business Wire
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.
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