SECURITIES AND EXCHANGE COMMISSION
                                                         

                            WASHINGTON, D.C.  20549

                                                    
                            -------------------------

                                   FORM 8-K

                                CURRENT REPORT

                    PURSUANT TO SECTION 13 OR 15(D) OF THE

                  SECURITIES EXCHANGE ACT OF 1934, AS AMENDED

                       Date of Report:  January 24, 1997



                                F.N.B. CORPORATION                

             (Exact name of registrant as specified in its charter)


      Pennsylvania                   0-8144                 25-1255406    
- ------------------------          -----------          -------------------
(State of Incorporation)          (Commission            (IRS Employer
                                  File Number)         Identification No.)



           Hermitage Square, Hermitage, Pennsylvania         16148   
           -----------------------------------------       ----------
           (Address of principal executive offices)       (Zip code)



                                (412) 981-6000                   
              ----------------------------------------------------
              (Registrant's telephone number, including area code)



INFORMATION TO BE INCLUDED IN THE REPORT

ITEM 2.   ACQUISITION OR DISPOSITION OF ASSETS

               F.N.B. Corporation (FNB) completed its merger with Southwest
Banks, Inc. (Southwest), a bank holding company headquartered in Naples,
Florida, effective January 21, 1997.  Under the terms of the merger
agreement, each outstanding share of Southwest's common stock was converted
into .819 share of FNB common stock with cash being-paid in lieu of
fractional shares, a total of 2.85 million shares of FNB common stock were
issued.  At December 31, 1996, Southwest had total assets and deposits of
$528.8 million and $427.7 million, respectively.  The transaction was
accounted for as a pooling of interests.

Southwest was merged with Southwest Affiliation Corporation, a Florida
corporation and wholly-owned subsidiary of FNB.  Southwest is the
surviving entity and will continue to operate under its present name.

Additional Directors
In accordance with the merger agreement, the following four individuals
were appointed to the Corporation's Board of Directors:  

     James Lindsey, licensed real estate broker and managing partner of Dor-
     J's, a private investment company; Edward J. Mace, practicing Certified
     Public Accountant and owner of Edward J. Mace, CPA; Richard C. Myers, a
     director of Naples Dodge; Gary L. Tice, Chairman, President and Chief
     Executive Officer of Southwest and Chairman of First National Bank of
     Naples.









ITEM 7.     FINANCIAL STATEMENTS AND EXHIBITS

            (a)  Financial Statements

            (i)  Audited consolidated financial statements of Southwest as of
                 December 31, 1995 and 1994, and for each of the three years in
                 the period ended December 31, 1995, and the independent
                 auditors' report thereon, included on pages 12 through 31 of
                 Southwest's 1995 Annual Report included in Form 10-K for the
                 year ended December 31, 1995 were previously filed on Form 8-K
                 dated June 28, 1996.  The consent of Hill, Barth & King, Inc.
                 independent auditors of Southwest, to the incorporation by
                 reference of their report on such financial statements was
                 previously filed as exhibit to Form 8-K dated June 28, 1996.

            (ii) Unaudited consolidated interim financial statements of
                 Southwest as of September 30, 1996 and 1995 and for the nine
                 months ended September 30, 1996 and 1995 were previously filed
                 in the Corporation's Form 8-K dated November 13, 1996.
                 Unaudited consolidated interim financial statements of
                 Southwest as of June 30, 1996 and 1995 and for the six months
                 ended June 30, 1996 and 1995 were previously filed in the 

                 Corporation's Form 8-K dated August 13, 1996.  Unaudited
                 consolidated interim financial statements of Southwest as of
                 March 31, 1996 and 1995 and for the three months ended March
                 31, 1996 and 1995 were filed in the Corporation's Form 8-K
                 dated May 15, 1996.

             (b) Pro Forma Financial Information

                 Pro forma consolidated financial information (unaudited) as of
                 September 30, 1996 and for the nine months ended September 30,
                 1996 and 1995 giving effect to the merger of Southwest were
                 previously filed in the Corporation's Form 8-K dated November
                 13, 1996.  Pro forma consolidated financial information
                 (unaudited) as of June 30, 1996 and for the six months ended
                 June 30, 1996 and 1995 giving effect to the merger of
                 Southwest were previously filed in the Corporation's Form 8-K
                 dated August 13, 1996.  Pro forma consolidated financial
                 information (unaudited) as of March 31, 1996 and for the three
                 months ended March 31, 1996 and 1995 giving effect to the
                 merger of Southwest were previously filed in the Corporation's
                 Form 8-K dated May 15, 1996.

                                  Signatures
                                  ----------


Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereto duly authorized.


                                         F.N.B. CORPORATION
                                         (Registrant)



                                         By:    /s/ John D. Waters 
                                                ----------------------------
                                         Name:  John D. Waters
                                         Title: Vice President and
                                                Chief Financial Officer

Dated:  January 24, 1997


                                 EXHIBIT INDEX

2.1         Agreement and plan of merger, dated as of February 2, 1996 by and 
            between F.N.B. Corporation, Southwest Application Corporation and 
            Southwest Banks, Inc., incorporated by reference to Exhibit 1 to  
            the Corporation's Current Report on Form 8-K dated February 2,    
            1996.


99.1        January 21, 1997 Press Release



                                                                  EXHIBIT 99.1




                                         F.N.B. CORPORATION
                                         (NASDAQ:  FBAN)
                                         HERMITAGE, PA 16148



DATE:               January 21, 1997
FOR RELEASE:        Immediately
CONTACT:            John D. Waters
                    V.P. and Chief Financial Officer
                    (412) 983-3440

- -----------------------------------------------------------------------------

                  F.N.B. CORPORATION COMPLETES FLORIDA MERGER
HERMITAGE, PA -- F.N.B. Corporation announced that the affiliation with
Southwest Banks, Inc., Naples, Florida, was completed today.  Under the terms
of the Merger Agreement, F.N.B. exchanged .819 shares of common stock for
each share of Southwest common stock, a total issuance of 2,851,907 shares. 
         Peter Mortensen, Chairman and President of F.N.B. Corporation,
commented, "This affiliation provides important new growth opportunities to
the Corporation.  F.N.B.'s return on equity of 14.1% and return on assets of
1.2% for the year 1996 represent strong financial performance in markets with
low to stable growth prospects.  



With the addition of Southwest, F.N.B. will have a strategic investment in
one of the fastest growing areas in the United States."  F.N.B. recently
announced record earnings of $21 million, $2.10 per fully diluted share,
before a one-time charge mandated by Congress for recapitalization of the
federal deposit insurance fund and merger costs related to the Southwest
transaction.  These results from recurring operations represent a 16%
increase over year-end 1995.  F.N.B. common stock was quoted yesterday at
$23.625, the average of the closing bid and ask prices.
         Gary Tice, Chairman of Southwest Banks, added, "The merger with
F.N.B. Corporation will permit First National Bank of Naples and Cape Coral
National Bank to continue their outstanding growth record and strong
commitment to high quality, personal service to customers."  Southwest has
averaged in excess of 20% asset growth over the past five years.  The
affiliate banks will continue to operate under their present names and
locations.
         F.N.B. Corporation has $2.3 billion in assets operating seven
community banks and a consumer finance subsidiary through 100 offices in
Pennsylvania, Ohio, New York and Florida.
                                     ####
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