Cleveland PR Newswire

Press releases from Ohio companies

F.N.B. Capital Corporation Provides $10M in Mezzanine Financing to B.J. Alan Company, Inc.

   Leading Consumer Firework Retailer and Distributor Plans for Expanded
          Business Opportunities and Growth for Phantom Fireworks

    PITTSBURGH, Nov. 5 /PRNewswire-FirstCall/ -- F.N.B. Capital
Corporation, a Pittsburgh-based merchant banking subsidiary of F.N.B.
Corporation (NYSE: FNB), is pleased to announce the closing of a $10
million mezzanine financing investment in The B.J. Alan Company, a
Youngstown, Ohio based distributor of consumer fireworks. The mezzanine
financing provided by F.N.B. Capital Corporation will be invested to expand
the Phantom Fireworks brand, allow for further business growth and to
assist with the seasonal nature of the business.

    "We are thrilled to have formed a new partnership with B.J. Alan
Company," noted Stephen Gurgovits, Jr., President and CEO of F.N.B. Capital
Corporation. "Under the leadership of Bruce Zoldan, Phantom Fireworks has
become a highly respected leader in the consumer fireworks industry. I am
confident that Bruce's industry knowledge and know-how combined with our
support and expertise will foster a path of continued success and growth
for the Company."

    For over 30 years, B.J. Alan Company has built and developed the
Phantom Fireworks brand by serving customers through high-end permanent
retail showrooms across the country. Additionally, the Company successfully
manages over 1,000 temporary Phantom Fireworks locations during the
Independence Day selling season.

    Bruce Zoldan, President and CEO of B.J. Alan Company stated, "We are
pleased to enter into this transaction with the F.N.B. Capital Corporation
team. Since the 1970s we have strived to provide our customers with best-
of-class service and selection and this investment will allow us to
continue our growth strategies and capitalize on the favorable trends in
our industry:"

    B.J. Alan has been at the forefront of product safety and innovation as
demonstrated by its breadth of products including favorites such as
fountains, cakes, rockets, mortars, and aerial repeaters. Additionally,
management has been highly involved in various industry associations
including leadership roles in the American Pyrotechnics Association and the
American Fireworks Standards Laboratory which have a successful track
record of improving the safety of products, encouraging responsible
legislation and better educating consumers.

    For more information on B.J. Alan Company, including a product catalog
and location guide, visit http://www.Fireworks.com.

    About F.N.B. Capital Corporation, LLC

    F.N.B. Capital Corporation, LLC is headquartered in Pittsburgh, PA. A
subsidiary of F.N.B. Corporation, it specializes in providing subordinated
debt, private equity and other types of financial capital to small and
medium sized commercial enterprises, focusing on recapitalizations,
buyouts, generational transitions, mergers and acquisitions and other
growth capital needs.

    About F.N.B. Corporation

    F.N.B. Corporation, headquartered in Hermitage, PA, is a diversified
financial services company with total assets of $8.6 billion as of
September 30, 2009. F.N.B. Corporation is a leading provider of commercial
and retail banking, leasing, wealth management, insurance, merchant banking
and consumer finance services in Pennsylvania and Ohio, where it owns and
operates First National Bank of Pennsylvania, First National Trust Company,
First National Investment Services Company, LLC, F.N.B. Investment
Advisors, Inc., First National Insurance Agency, LLC, F.N.B. Capital
Corporation, LLC, Regency Finance Company and Bank Capital Services. It
also operates consumer finance offices in Tennessee and loan production
offices in Pennsylvania, Tennessee and Florida.

    The common stock of F.N.B. Corporation trades on the New York Stock
Exchange under the symbol "FNB". Investor information is available on
F.N.B. Corporation's Web site at http://www.fnbcorporation.com.