Exhibit 99.1

[FNB LOGO]
FNB CORP.
P.O. Box 1328, Asheboro, NC 27204
101 Sunset Avenue, Asheboro, NC 27203

For Immediate Release                         For Information Contact:
August 2, 2005                                Michael C. Miller, 336-626-8300

                   FNB Corp. Elects Alexander as New Director

 Asheboro,  NC - FNB Corp. (NASDAQ:  FNBN) announced today that Jacob (Jake)
F.  Alexander,  III was elected to the Board of Directors  of FNB Corp.  and its
subsidiary, First National Bank and Trust Company, effective August 1, 2005.

     Mr. Alexander is President of The Alexander  Companies,  Inc., a commercial
real estate  development  company that also  markets  crumb rubber and fuel from
recycled tires, and A&H Investments, Inc , whose rehabilitation project received
the North  Carolina  Main  Street  Award  for Best New  Development/Construction
Project. Both companies are based in Salisbury.

     "We are pleased and  fortunate to welcome Jake to First  National  Bank and
FNB Corp.," remarked Michael C. Miller,  chairman and president.  "His financial
and business  background  will provide a unique and valuable  perspective to our
board of directors.  His  understanding  of key local markets and the commercial
development  process  will  assist our  company's  growth and  service  plans in
communities throughout the state."

     A graduate of Boyden High School in Salisbury  and the  University of North
Carolina at Chapel Hill,  Mr.  Alexander is an active  volunteer  and  community
leader. He is a member of the Salisbury Academy Board of Trustees,  Committee of
100  Board of  Directors,  Rowan  Jobs  Initiative  Board of  Directors  and the
Salisbury  Rotary Club.  He serves as president  of the  Waterworks  Visual Arts
Center  and as  co-chairman  of the Rowan  Regional  Medical  Center  Foundation
Campbell  Classic.  Additionally,  Mr.  Alexander  is the past  chairman  of the
Salisbury-Rowan  Economic Development  Commission,  Salisbury Planning Board and
Salisbury  Zoning  Board of  Adjustment,  and  previously  served as the  Deputy
Secretary of the North Carolina Department of Transportation.

     "I'm  honored and excited to work with First  National  Bank and FNB Corp."
stated Alexander.  "I look forward to working for shareholders and helping guide
the growth of one of the premier  community banking companies in the Southeast,"
he continued.

     Mr. Alexander and his wife, Susan, have two grown children and attend First
Presbyterian Church in Salisbury.

     FNB Corp.  is the central  North  Carolina-based  bank holding  company for
First National Bank and Trust Company and Dover Mortgage Company. First National
(MyYesBank.com) operates 21 community YES! Banks in Archdale,  Asheboro, Biscoe,
China Grove, Ellerbe, Greensboro,  Kannapolis,  Laurinburg,  Pinehurst, Ramseur,
Randleman,  Rockingham,  Salisbury,  Seagrove,  Siler City,  Southern  Pines and
Trinity. Dover Mortgage Company (dovermortgage.com) operates mortgage production
offices in Asheville,  Carolina Beach, Charlotte,  Goldsboro,  Greenville,  Lake
Norman,  Leland,  Raleigh and Wilmington.  Through its  subsidiaries,  FNB Corp.
offers a complete  line of consumer,  mortgage and  business  banking  services,
including loan, deposit, cash management, wealth management and internet banking
services.  The Federal Deposit  Insurance  Corporation  insures First National's
deposits up to applicable limits.


 Enclosure: photo

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