Starting Jan. 1, FNB Corp. will have a different look.

That's the date when the holding company said it expects to complete the spin-off of its Florida operations. Under previously announced plans, FNB is spinning off the Florida unit, which will be operated as a separate company called First National Bankshares of Florida Inc. It will be based in Naples, Fla.

Under the tax-free spin-off, FNB shareholders as of Dec. 26 will receive one share of First National Bankshares common stock for each share of FNB common stock. The spin-off is subject to regulatory approvals, but the Internal Revenue Service has approved the tax-free status of the spin-off, FNB said.

FNB will relocate its headquarters to Hermitage where it will focus on its Pennsylvania and Ohio operations, which include First National Bank of Pennsylvania, also headquartered in Hermitage. FNB moved its headquarters to Naples more than two years ago.

Earlier this year the company decided to split its business into two separate independent companies. FNB said it would unlock shareholder value and enable the two companies, one based in Naples and the other in Hermitage, to better target those respective markets.

The Florida company will be located in a high growth region while the Pennsylvania company will be a high-performing, high-dividend-paying operation, FNB said.