- Business
- FNB, Inc. (OTC: FIDS) serves as the bank holding company for The First National Bank of Dennison, a full-service community bank offering deposit products including checking and savings accounts, online banking, mobile banking, cash management, merchant processing, night depository services, and safe deposit boxes; loan products encompassing mortgages, personal loans, business loans, and consumer financing through its subsidiary TuscValley Financial, Inc.; and additional services such as bill pay, e-statements, and check imaging. Founded in 1989 and headquartered in Dennison, Ohio, the company traces its banking ancestry to 1874 and operates five branches across Tuscarawas County and surrounding areas in Ohio, targeting personal and business customers in the region with a focus on prompt customer service. The bank maintains assets exceeding $165 million, generates annual revenue of approximately $16.6 million, and reports net income around $663,000, with a dividend yield above 4% paid semi-annually. FNB, Inc. formed the holding company structure in 1989 to enable stock repurchases and prevent unfriendly takeovers; expanded branch network through acquisitions including former Bank One, National City, and Huntington branches between 1991 and 2002; launched TuscValley Financial in 2002 for specialized financing; and pioneered early adoption of check imaging and internet banking services in Ohio.