FNB Bancorp is a bank holding company registered under the Bank Holding Company Act of 1956, as amended. The Company was incorporated under the laws of the State of California on February 23, 2001. As a bank holding company, the Company is authorized to engage in the activities permitted under the Bank Holding Company Act of 1956, as amended, and regulations there under. Our principle office is located at 975 El Camino Real, South San Francisco, California, 94080, and our telephone number is (650) 588-6800.
FNB Bancorp is a single bank holding company that owns all of the issued and outstanding shares of common stock of First National Bank of Northern California, a national banking association ("First National Bank" or the "Bank"). FNB Bancorp was formed at the direction of the Board of Directors of the Bank in order to reorganize the Bank into a holding company structure, with the approval of the Office of the Comptroller of the Currency. The Bank and FNB Bancorp entered into an Agreement and Plan of Reorganization dated November 1, 2001. (The "Plan of Reorganization") for this purpose, and the shareholders of the Bank approved the Plan of Reorganization at a Special Meeting of the shareholders of the Bank held February 27, 2002. The Plan of Reorganization was consummated on March 15, 2002. Each outstanding share of the common stock, par value $1.25 per share, of the Bank (other than any shares as to which dissenters' rights of appraisal have been properly exercised) was converted into one share of the common stock of the Company, and the former holders of Bank common stock became the holders of all of the Company common stock. The purpose of forming FNB Bancorp was to provide our shareholders the ability to own shares of bank acquisition targets or financial services companies, if such acquisition opportunities arose. Commencing on March 18, 2002, the common stock of the company has been quoted on the OTC Bulletin Board under the symbol "FNBG".