Exhibit 99.1

[FNB LOGO]
FNB CORP.
P.O. Box 1328, Asheboro, NC 27204                       Phone 336-626-8300
101 Sunset Avenue, Asheboro, NC 27203                     Fax 336-626-8374

For Immediate Release                               For Information Contact:
April 3, 2003                                       Michael C. Miller
9:00 a.m.                                           Jerry A. Little
                                                    (336) 626-8300

          FNB CORP. and Dover Mortgage Company Complete Merger

         Asheboro, NC - FNB Corp. (Nasdaq: FNBN), announced that its acquisition
of Dover Mortgage Company was completed on Tuesday, April 1, 2003.

         Dover, headquartered in Charlotte and with production offices in
Charlotte, Goldsboro, Greenville, Lake Norman, Raleigh and Wilmington, is a
strong conventional, FHA and VA lender with an active correspondent program in
which loan production is purchased from community banks, thrifts and mortgage
brokers. Dover will continue to operate as a separate business unit with its
existing staff as a subsidiary of FNB Corp.

         "The acquisition of a top-ranked North Carolina mortgage originator
expands and strengthens the lending capacity, markets and income opportunities
of FNB Corp.," stated Michael C. Miller, Chairman and President. "We look
forward to working with Dover's top-notch staff," he added.

         The acquisition of Dover marks FNB's second completed acquisition in
the last eight months, having completed its merger with Rowan Bancorp, Inc. on
August 1, 2002.

About Dover Mortgage Company

         Dover Mortgage Company originates, underwrites and closes mortgage
loans for sale into the secondary market. Mortgage production is sold on a
service-released basis to a number of national lenders who in turn service the
loans. Additional information is available at www.dovermortgage.com.

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About FNB Corp.

         FNB Corp. is the central North Carolina-based bank holding company for
First National Bank and Trust Company, which operates 17 community offices in
Archdale, Asheboro, Biscoe, Ellerbe, Laurinburg, Pinehurst, Ramseur, Randleman,
Rockingham, Seagrove, Siler City, Southern Pines and Trinity, and Rowan Bank,
which operates three community offices in China Grove, Kannapolis and Salisbury.
Through its subsidiaries, FNB Corp. offers a complete line of consumer, mortgage
and business banking services, including loan, deposit, cash management,
investment management and trust services. Internet banking is available at
www.fnbnc.com. Deposits are insured by the Federal Deposit Insurance
Corporation.

Forward Looking Statements

         This news release contains forward-looking statements. Such statements
are subject to certain factors which may cause the company's results to vary
from those expected, including the risks set forth from time to time in the
company's filings with the Securities and Exchange Commission. Readers are
cautioned not to place undue reliance on these forward-looking statements, which
reflect management's judgment only as of the date hereof. The company undertakes
no obligation to publicly revise these forward-looking statements to reflect
events and circumstances that arise after the date hereof.

         Factors that might cause such a difference include, but are not limited
to competition from both financial and non-financial institutions; changes in
interest rates, deposit flows, loan demand and real estate values; changes in
legislation or regulation; changes in accounting principles, policies or
guidelines; the timing and occurrence (or non-occurrence) of transactions and
events that may be subject to circumstances beyond the control of FNB; and other
economic, competitive, governmental, regulatory and technological factors
affecting FNB specifically or the banking industry or economy generally.

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