Parkvale Financial/Parkvale Finan. ESOP SC 13G/A


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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 9)*

PARKVALE FINANCIAL CORPORATION

(Name of Issuer)

Common Stock ($1.00 par value)

(Title of Class of Securities)

701492 10 0

(CUSIP Number)

December 31, 2007

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

þ Rule 13d-1(b)

o Rule 13d-1(c)

o Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Page 1 of 4 Pages


CUSIP No.		701492 10 0	13G	Page		2		of		4


1	NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Parkvale Financial Corporation Employee Stock Ownership Plan 25-1556590


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
	(a) o
	(b) o

3	SEC USE ONLY



4	CITIZENSHIP OR PLACE OF ORGANIZATION

	Pennsylvania

		5	SOLE VOTING POWER

NUMBER OF			14,659 shares

SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			566,513 shares

EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			14,659 shares

WITH:		8	SHARED DISPOSITIVE POWER

			566,513 shares

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	581,172 shares

10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

	o

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

	10.65%

12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

	EP


CUSIP No.		701492 10 0	13G	Page		3		of		4


Item 1(a)		Name of Issuer:
		Parkvale Financial Corporation

Item 1(b)		Address of Issuer’s Principal Executive Offices:
		4220 William Penn Highway, Monroeville, PA 15146

Item 2(a)		Name of Person Filing, or if none, residence:
		Parkvale Financial Corporation Employee Stock Ownership Plan

Item 2(b)		Address of Principal Business Office:
		4220 William Penn Highway, Monroeville, PA 15146

Item 2(c)		Citizenship:
		Pennsylvania

Item 2(d)		Title of Class of Securities:
		Common Stock, par value $1.00 per share

Item 2(e)		CUSIP Number:
		701492 10 0

Item 3		If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:
		(f) X An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F).

Item 4		Ownership:
		(a) Amount Beneficially Owned:
		581,172 shares as of December 31, 2007
		(b) Percent of Class:
		10.65%
		(c) As of the date of this filing, the Plan has sole power to vote and dispose of 14,659 shares of common stock. If any of the shares were unallocated, Messrs. Pfischner, Minnock and Burger and Dr. Fitting as trustees would each share power to vote or dispose the unallocated shares owned by the plan, and the Trustees disclaim beneficial ownership of the shares held by the plan. In addition, 566,513 shares of common stock have been allocated to ESOP participants’ accounts. Such shares are voted by the Trustees in accordance with instructions from the participants. Accordingly, as of December 31, 2007, the Plan has shared power to vote and dispose 581,172 shares of common stock.

Item 5		Ownership of Five Percent or Less of a Class:
		Not Applicable


CUSIP No.		701492 10 0	13G	Page		4		of		4


Item 6		Ownership of More than Five Percent on behalf of Another Person: The securities covered by this statement are held in trust by the Trustees of the Parkvale Financial Corporation Employee Stock Ownership Plan for the benefit of the employee participants of the Plan. No single participant has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, more than 5% of the outstanding common stock.

Item 7		Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person:
		Not Applicable

Item 8		Identification and Classification of Member of the Group:
		Not Applicable

Item 9		Notice of Dissolution of Group:
		Not Applicable

Item 10		Certification

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

Signatures

After reasonable inquiry and the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

January 24, 2008


		Parkvale Financial Corporation Employee Stock Ownership Plan

By:	/s/ Fred P. Burger, Jr.	By:	/s/ Robert D. Pfischner

Fred P. Burger, Jr., ESOP Trustee		Robert D. Pfischner, ESOP Trustee

By:	/s/ Patrick J. Minnock	By:	/s/ Andrea F. Fitting

Patrick J. Minnock, ESOP Trustee		Andrea F. Fitting, ESOP Trustee