FNB Corp. Wednesday announced the election of veteran banking industry executive Robert B. Goldstein to the company's board of directors.

The company said Goldstein will provide leadership and guidance for FNB's proposed reorganization into two separate, publicly traded holding companies.

"Bob will be a tremendous asset to our board," said Gary L. Tice, president and chief executive officer of FNB Corp. "As a chief executive officer, he has managed a number of financial institutions successfully, creating significant additions to market capitalization and to shareholder value. He also brings extensive experience in raising capital, adding liquidity for organic growth as well as mergers and acquisitions."