FNB Bancorp to Acquire Oceanic Bank Holding, Inc.

FNB Bancorp (parent company of First National Bank of Northern California) and Oceanic Bank Holding, Inc. (parent company of Oceanic Bank) announced that FNB Bancorp entered into a definitive agreement to purchase, in an all-cash purchase price of $27,750,000 to be paid at closing, the outstanding stock of Oceanic Bank Holding, Inc. Walter Mix serves as the independent trustee for a voting trust established to hold the shares of Oceanic Bank Holdings.