FILED BY FNB CORP.
                                            PURSUANT TO RULE 425 UNDER THE
                                            SECURITIES ACT OF 1933
                                            SUBJECT COMPANY: ROWAN BANCORP, INC.
                                            Commission File No. 333-87132


                      ROWAN BANCORP, INC.

Dear Rowan Bancorp Shareholder:

         You will have received in a separate mailing the proxy
statement/prospectus, proxy card and related materials concerning our
forthcoming Annual Meeting of Shareholders. Without question, this is the most
important meeting in the long history of Rowan Bank. On behalf of your Board of
Directors, I encourage you to read this information as it contains the proposal
for Rowan to merge with FNB Corp., Asheboro, North Carolina, the parent company
of First National Bank and Trust Company. The proxy statement/prospectus
contains a great deal of information vital to your understanding of this
proposal. Please take the time to understand the proposal and call us should you
have any questions. We may be reached at (704) 857-1176.

         Contained with this letter is a Form of Election and Letter of
Transmittal that is referenced in the proxy statement/prospectus. It should be
completed carefully and returned in the envelope provided, together with
certificates representing your shares of Rowan common stock. This form allows
you to choose the type of consideration (FNB common stock or cash) that you
would like to receive in exchange for your Rowan shares. Instructions for
completing and returning the form are provided in the form. Do not hesitate to
let us know should you have any questions.

         FNB Corp. has filed a registration statement with the Securities and
Exchange Commission relating to this merger. The registration statement includes
the proxy statement/prospectus, which is serving as our proxy statement relating
to the solicitation of proxies for use at the meeting of our shareholders to
approve the merger and the prospectus of FNB Corp. relating to the offer and
distribution of FNB common stock in the merger. You are urged to read the proxy
statement/prospectus and any other relevant documents that have been filed with
the Securities and Exchange Commission because they contain important
information. You are able to obtain these documents free of charge at the SEC's
website (www.sec.gov). In addition, documents filed with the SEC by FNB Corp.
will be available free of charge from the Treasurer and Secretary, FNB Corp.,
101 Sunset Avenue, Asheboro, North Carolina 27203.

                                                     Very truly yours,

                                                     /s/ Bruce D. Jones
                                                     Bruce D. Jones
                                                     President

May 9, 2002