Document:

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                                                                    EXHIBIT 4.11

                                AGENCY AGREEMENT

      AGENCY AGREEMENT (the "Agreement") dated as of January ____, 2005, by and
among FNB FINANCIAL SERVICES, LP ("FNB Financial Services"), F.N.B. CORPORATION,
as Guarantor ("FNB") and REGENCY FINANCE COMPANY, as Agent (the "Agent").

                                   BACKGROUND

      Promptly upon the execution and delivery hereof, FNB Financial Services
plans to register, under the Securities Act of 1933, as amended (the "1933
Act"), up to Three Hundred Fifty Million Dollars ($350,000,000.00) aggregate
principal amount of its Subordinated Term Notes (the "New Term Notes") and
Subordinated Daily Notes (the "New Daily Notes") and Special Subordinated Daily
Notes (the "New Special Daily Notes and, together with the New Term Notes and
the New Daily Notes are sometimes collectively referred to in this Agreement as
the "New Notes"), to be guaranteed by FNB, and issued under and pursuant to the
Indenture dated as of January  ____, 2005 (the "New Indenture"), by and among
FNB Financial Services, FNB, as Guarantor, and J.P. Morgan Trust Company,
National Association, as Trustee (the "Trustee"). The New Indenture permits,
among other things, the appointment of a paying agent for the purpose of
receiving amounts due from FNB Financial Services or FNB under, and making
payments due in respect to, New Notes issued under the New Indenture,
maintaining books with respect to the New Notes, acting as depository with
respect to certain funds to be established thereunder and undertaking certain
other duties described therein.

      Under and subject to the terms and conditions hereof: (i) FNB Financial
Services desires to appoint the Agent, and the Agent desires to serve, as paying
agent for the New Notes (the "Paying Agent"); (ii) FNB Financial Services
desires to appoint the Agent, and the Agent desires to serve, as sales agent for
the New Notes (the "Sales Agent"); and (iii) FNB Financial Services and FNB
desire to appoint the Agent, and the Agent desires to serve, as exchange agent
(the "Exchange Agent") for the exchange of New Notes for outstanding
Subordinated Term Notes (the "FNB Term Notes") and outstanding Subordinated
Daily Notes (the "FNB Daily Notes") of FNB. The FNB Term Notes and FNB Daily
Notes are sometimes collectively referred to in this Agreement as the "FNB
Notes", and were issued under and pursuant to the Indenture, dated as of May 15,
1992, as amended, between FNB and J.P. Morgan Trust Company, National
Association, successor trustee to Northern Central Bank, as trustee (the "FNB
Indenture" and together with the New Indenture, the "Indentures").

      The terms and conditions of the exchange offer (the "Exchange Offer") as
currently contemplated are set forth in a prospectus, dated _________________,
2005 (as the same may be amended or supplemented from time to time, the
"Prospectus"), and the form of letter of transmittal accompanying the Prospectus
(as the same may be amended or supplemented from time to time, the "Letter of
Transmittal"). The Letter of Transmittal is to be used by the holders of FNB
Notes to accept the Exchange Offer, and contains instructions with respect to
the delivery of FNB Notes tendered in connection therewith. The Exchange Offer
expires at 5:00 p.m., New York City time, on December 31, 2005, or on such later
date or time to which FNB Financial Services may extend the Exchange Offer (the
"Expiration Date"). Subject to the terms and

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conditions set forth in the Prospectus and the Letter of Transmittal, FNB
Financial Services expressly reserves the right to extend the Exchange Offer
from time to time by giving notice to the Agent before 9:00 a.m., New York City
time, on the Business Day following the previously scheduled Expiration Date.

      In consideration of the premises and the mutual agreements hereinafter
contained, and other valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, and intending to be legally bound hereby, the
parties hereto agree as follows:

                                    ARTICLE I

                             RULES OF INTERPRETATION

      Section 1.1 General. Capitalized terms used in this Agreement which are
not defined herein shall have the meanings assigned to them in the New
Indenture, unless the context or use indicates another or different meaning or
intent. Definitions shall be equally applicable to both singular and plural
forms of any of the words and terms therein or herein defined. The words
"herein" and "hereof" and words of similar import, without reference to any
particular article, section or subsection, refer to this Agreement as a whole
rather than to any particular article, section or subsection hereof.

      Section 1.2 Governing Law. This Agreement shall be governed by, and
construed in accordance with, the laws of the State of Delaware excluding its
choice of law principles that would require the application of the laws of
another jurisdiction.

                                   ARTICLE II

                         REPRESENTATIONS AND WARRANTIES

      Section 2.1 FNB Financial Services Representations and Warranties. FNB
Financial Services hereby represents and warrants that it has full power and
authority to execute, deliver and perform its obligations under this Agreement,
the New Indenture, the New Notes and any other agreements entered into by it and
related to the New Notes.

      Section 2.2 FNB Representations and Warranties. FNB hereby represents and
warrants that it has full power and authority to execute, deliver and perform
its obligations under this Agreement, the FNB Indenture, the New Indenture, the
FNB Notes, the New Notes and any other agreements entered into by it and related
to the FNB Notes and the New Notes.

      Section 2.3 Agent Representations and Warranties. The Agent hereby
represents and warrants that: (i) it has full power and authority to execute,
deliver and perform its obligations under this Agreement; (ii) its officers and
employees participating in the Agent's performance of its Duties under this
Agreement will not be subject to any statutory disqualification from so acting
under applicable federal and state securities laws, and cannot be or have been
associated with a securities broker-dealer for the 12-month period immediately
preceding the execution of this Agreement; and (iii) it has taken all actions
and made all registrations necessary and appropriate under all applicable
Federal and state securities laws to permit it to carry out its

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duties and obligations as Paying Agent, Sales Agent and Exchange Agent in
connection with the offer and sale of the New Notes and the Exchange Offer.

                                   ARTICLE III

                               DUTIES OF THE AGENT

      Section 3.1 Appointment as Paying Agent; Acceptance of New Paying Agent
Duties. As provided in the New Indenture, FNB Financial Services hereby appoints
the Agent as Paying Agent for the New Notes and any other Securities issued
under the New Indenture. The Agent acknowledges that it has received and
reviewed the New Indenture and hereby accepts such appointment and agrees to
perform all of the duties and obligations of the Paying Agent (the "New Paying
Agent Duties") pursuant to the New Indenture, subject to the terms and
conditions contained in this Agreement. The Paying Agent shall:

      (1) give the Trustee notice of any default by FNB Financial Services or
FNB (or other obligor upon the New Notes) in the making of any payment of
principal or interest on the New Notes; and

      (2) at any time during the continuance of any such default, upon the
written request of the Trustee, forthwith pay to the Trustee all sums held in
trust by the Paying Agent.

      Section 3.2 Appointment as Sales Agent; Acceptance of New Sales Duties.
Subject to the limitations of the Securities Exchange Act of 1934, as amended,
FNB Financial Services hereby appoint the Agent as Sales Agent with respect to
the offer and sale of the New Notes and any other Securities issued under the
New Indenture (the "New Offer"). In carrying out its function as Sales Agent,
the Agent shall be strictly limited to performing the functions, and shall have
the duties and obligations, set forth in the Prospectus under the heading "Plan
of Distribution" (the "New Sales Duties" and, together with the New Paying Agent
Duties, the "New Note Duties"). The Sales Agent shall take such actions as may
be necessary to cause the representations set forth in Section 2.3(ii) hereof to
be true and correct at all times during the term of this Agreement.

      Section 3.3 Appointment as Exchange Agent; Acceptance of Exchange Agent
Duties. FNB Financial Services and FNB hereby appoint the Agent as Exchange
Agent for the Exchange Offer. The Agent acknowledges that it has received and
reviewed the Prospectus and Letter of Transmittal, and hereby accepts such
appointment and agrees to perform all of the duties and obligations of the
Exchange Agent as specified in Article IV of this Agreement (the "Exchange Agent
Duties," and together with the New Note Duties, the "New Duties"), subject to
the terms and conditions contained in this Agreement.

                                   ARTICLE IV

                              EXCHANGE AGENT DUTIES

      Section 4.1 Exchange Agent Instructions. In carrying out its Exchange
Agent Duties, the Agent is to act in accordance with the following instructions:

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      (1) The Agent will perform such duties, and only such duties, as are
specifically set forth in the section of the Prospectus captioned "The Exchange
Offer," the Letter of Transmittal or this Agreement.

      (2) Letters of Transmittal received by the Agent shall be stamped by the
Agent as to the date of receipt and shall be preserved by the Agent for a period
of time at least equal to the period of time the Agent preserves other records
pertaining to the transfer of the New Notes and the FNB Notes (together, the
"Securities"). The Agent will examine each of the Letters of Transmittal and FNB
Notes and any other documents received by it from holders of FNB Notes, to
ascertain whether: (i) on their face the Letters of Transmittal and any such
other documents are duly executed and properly completed in accordance with
instructions set forth therein, and (ii) the FNB Notes have otherwise been
properly tendered. In each case where the Letter of Transmittal or any other
document has been improperly completed or executed or any of the FNB Notes are
not in proper form for transfer or some other irregularity in connection with
the acceptance of the Exchange Offer exists, the Agent will endeavor to inform
the tendering holder of the need for fulfillment of all requirements, and to
take any other action as may be necessary or advisable to cause such
irregularity to be corrected.

      (3) Tenders of FNB Notes may be made only as set forth in the section of
the Prospectus captioned "The Exchange Offer - Procedures for Tendering FNB
Notes," and pursuant to properly completed and executed Letters of Transmittal,
and FNB Notes shall be considered properly tendered only when tendered in
accordance with the procedures set forth therein. With the approval of an
authorized officer of Regency Consumer Financial Services Inc., the general
partner of FNB Financial Services (the "General Partner"), an authorized officer
of FNB or any other person designated in writing by FNB Financial Services or
FNB (each a "Designated Officer"), the Agent is authorized to waive any
irregularities in connection with any tender of FNB Notes pursuant to the
Exchange Offer. Notwithstanding the provisions of this paragraph, FNB Notes that
any Designated Officer shall approve as having been properly tendered shall be
considered to be properly tendered.

      (4) If requested by FNB Financial Services or FNB, the Agent shall advise
by facsimile transmission or telephone, and promptly thereafter confirm in
writing to such person or persons as FNB Financial Services and FNB may request,
daily (and more frequently during the week immediately preceding the Expiration
Date), as to the aggregate principal amounts by series, maturities and account
numbers, of FNB Notes which have been tendered pursuant to the Exchange Offer
and the items received by the Agent pursuant to this Agreement, separately
reporting and giving cumulative totals as to items properly received and items
improperly received. In addition, the Agent will also inform, and cooperate in
making available to FNB Financial Services and FNB, upon oral request made from
time to time on or prior to the Expiration Date, such other information as FNB
Financial Services or FNB reasonably requests. Such cooperation shall include,
without limitation, the granting by the Agent to FNB Financial Services and FNB,
and any person as FNB Financial Services and FNB may reasonably request, of
access to those persons on the Agent's staff who are responsible for receiving
tenders, in order to ensure that immediately prior to the Expiration Date, FNB
Financial Services and FNB shall have received information in sufficient detail
to enable them to decide whether or not to extend the Exchange Offer. The Agent
shall prepare a final list of all persons whose tenders were accepted, the
aggregate principal amount by series, maturities and account

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numbers, of FNB Notes tendered, and the aggregate principal amount by series,
maturities and account numbers, of FNB Notes accepted, and deliver said lists to
FNB Financial Services and FNB promptly after the Expiration Date.

      (5) Upon satisfaction or waiver of all of the conditions to the Exchange
Offer, FNB Financial Services will immediately notify the Agent of its
acceptance of, and will promptly exchange all, FNB Notes properly tendered for
corresponding New Notes. The Agent, on behalf of FNB Financial Services and FNB,
will exchange such FNB Notes for New Notes provided to the Agent by or on behalf
of FNB Financial Services, and cause such FNB Notes to be canceled. Each New
Note delivered on behalf of FNB Financial Services by the Agent to a tendering
holder of an FNB Note shall be in the exact principal amount and of the
particular series and both the original and remaining maturities of New Note
directly corresponding to the principal amount and series and both the original
and remaining maturities of FNB Note so tendered; provided, however, that in all
cases, FNB Notes tendered pursuant to the Exchange Offer will be exchanged only
after timely receipt by the Agent of such FNB Notes, a properly completed and
duly executed Letter of Transmittal (or facsimile thereof), and any other
required documents.

      (6) Tenders pursuant to the Exchange Offer are irrevocable, subject to the
terms and upon the conditions set forth in the Prospectus and the Letter of
Transmittal. The Agent shall advise FNB Financial Services and FNB with respect
to any FNB Notes received subsequent to the Expiration Date, and accept their
instructions with respect to disposition of such FNB Notes.

      (7) If, pursuant to the Exchange Offer, FNB Financial Services does not
accept for exchange all or part of the FNB Notes tendered because of an invalid
tender, the occurrence of certain other events set forth in the Prospectus under
the caption "The Exchange Offer - Conditions to the Exchange Offer" or
otherwise, the Agent shall promptly return those FNB Notes not accepted for
exchange, together with any related required documents and the Letters of
Transmittal relating thereto in the Agent's possession, to the FNB Note holders
who tendered them. All unaccepted FNB Notes, and New Notes issued in exchange
for FNB Notes, shall be forwarded by first class, certified mail, return receipt
requested or other appropriate means as determined by the Agent in its
discretion.

      Section 4.2 Agent Responsibilities. The Agent:

      (1) shall have no duties as Exchange Agent other than those specifically
set forth in the section of the Prospectus captioned "The Exchange Offer," the
Letter of Transmittal or this Agreement, or as may be subsequently agreed to in
writing by the Agent and FNB Financial Services or FNB;

      (2) will be regarded as making no representations and having no
responsibilities as to the validity, sufficiency, value or genuineness of any of
the Securities deposited with the Agent or issued pursuant to the Exchange
Offer, and will not be required to and will make no representation as to the
validity, value or genuineness of the Exchange Offer, the Letter of Transmittal
or any other disclosure materials delivered in connection therewith;

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      (3) shall not be obligated to take any legal action hereunder, unless it
shall have been furnished with an indemnity satisfactory to it;

      (4) may rely on, and be fully authorized and protected in acting or
failing to act, upon any certificate, instrument, opinion, notice, letter,
telegram, telex, facsimile transmission or other document or security delivered
to the Agent and believed by the Agent to be genuine and to have been signed by
the proper party or parties;

      (5) may reasonably act upon any tender, statement, request, agreement or
other instrument whatsoever not only as to its due execution and the validity
and effectiveness of its provisions, but also as to the truth and accuracy of
any information contained therein, which the Agent shall in good faith believe
to be genuine or to have been signed or represented by a proper person or
persons, unless otherwise properly waived;

      (6) may rely on, and shall be authorized and protected in acting or
failing to act upon, the written, telephonic and oral instructions with respect
to any matter relating to the Agent acting under this Agreement (or
supplementing or qualifying any such actions) of officers of either the General
Partner or of FNB;

      (7) may consult with counsel satisfactory to the Agent, including counsel
for FNB Financial Services or FNB, with respect to any questions relating to the
Agent's duties and responsibilities, and the advice or opinion of such counsel
shall be full and complete authorization and protection in respect of any action
taken, suffered or omitted to be taken by the Agent hereunder in good faith and
in accordance with the advice or opinion of such counsel, provided that the
Agent shall promptly notify FNB Financial Services and FNB of any action taken
or omitted by the Agent in reliance upon such advice or opinion; and

      (8) shall not pay or offer any concessions, commissions or solicitation
fees to any broker, dealer, bank or other persons or engage or use any third
person to solicit tenders or sales of Securities.

                                    ARTICLE V

               EXPENSES; ABSENCE OF COMPENSATION; INDEMNIFICATION

      Section 5.1 Payment of Fees and Expenses; Absence of Compensation. The
Agent shall be responsible for the payment all fees, charges and out-of-pocket
expenses incurred by FNB Financial Services and FNB in connection with the New
Offer and the Exchange Offer, and by the Agent in performing its New Duties;
provided, however, that the Agent may be reimbursed by FNB Financial Services or
FNB for such fees, charges and out-of-pocket expenses as FNB Financial Services
or FNB and the Agent may agree from time to time. The Agent shall not be
compensated for its services and the performance of the New Duties hereunder.

      Section 5.2 Indemnification of Agent. FNB Financial Services and FNB shall
indemnify and hold harmless the Agent against any and all losses, claims,
damages, liabilities and expenses (or actions in respect thereof) that arise (i)
out of, or are based upon, any untrue statement or alleged untrue statement of
any material fact as set forth in the Prospectus, or (ii) out

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of an omission or alleged omission from the Prospectus of any statement or
information necessary to make the statements therein not misleading, and FNB
Financial Services and FNB shall further reimburse any legal or other expenses
reasonably incurred by the Agent in connection with investigating or defending
any such loss, claim, damage, liability or action; provided, however, that
neither FNB Financial Services nor FNB will be liable in any such case to the
extent that any such loss, claim, damage, liability or expense arises out of
or-is based upon any untrue statement or alleged untrue statement made or
furnished in reliance upon and in conformity with written information furnished
by the Agent specifically for use therein; and provided, further, that this
indemnity agreement with respect to any untrue statement or omission in the
Prospectus shall not inure to the benefit of the Agent on account of any loss,
claim, damage or liability arising from the sale of New Notes by the Sales Agent
or the exchange of New Notes for FNB Notes to any person if a copy of the
Prospectus shall not have been sent or given by or on behalf of the Sales Agent
to such person at or prior to the written confirmation of the sale of New Notes
to such person or the exchange of New Notes for FNB Notes of such person. The
indemnity agreement contained in this Section will be in addition to any
liability which FNB Financial Services or FNB may otherwise have.

      Section 5.3 Indemnification of FNB Financial Services and FNB. The Agent
shall indemnify and hold harmless FNB Financial Services and FNB against any and
all losses, claims, damages and liabilities arising out of (i) any written
information set forth in the Prospectus which was furnished by the Agent, (ii)
the failure of the Agent to deliver a copy of the Prospectus to a purchaser of
any of the New Notes for cash or through the exchange of FNB Notes for New Notes
at or prior to written confirmation of the sale of any of the New Notes to such
purchaser, (iii) the Agent's failure to comply with the "Blue Sky" laws of any
jurisdiction in which FNB Financial Services or FNB would be liable therefor or
(iv) the Agent's breach of any representation, warranty or covenant contained
herein.

                                   ARTICLE VI

                        DUTIES OF FNB FINANCIAL SERVICES

      Section 6.1 Preparation of Forms. FNB Financial Services shall timely
prepare and distribute to the Holders of the New Notes and the Internal Revenue
Service (the "IRS"), IRS Forms 1099 and such other forms and reports as may be
required pursuant to applicable law. All information necessary to prepare such
forms and reports which is held by the Agent shall be delivered to FNB Financial
Services in a timely fashion so as not to hinder FNB Financial Services in
meeting its obligations hereunder.

      Section 6.2 Registration of New Notes; Distribution of Prospectus. FNB
Financial Services shall be responsible for registering the New Notes under all
applicable state and federal securities laws. Additionally, FNB Financial
Services shall deliver to the Sales Agent copies of the Prospectus, together
with any and all amendments or supplements thereto, for distribution by the
Sales Agent to prospective purchasers of the New Notes and holders of FNB Notes
considering the Exchange Offer.

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                                   ARTICLE VII

                                  MISCELLANEOUS

      Section 7.1 Term of Agreement. This Agreement shall remain in full force
and effect until the earlier of (i) such time as the principal of and interest
on all New Notes outstanding under the New Indenture shall have been paid, and
(ii) the effective date of the resignation or removal of the Agent in accordance
with Section 7.4 hereof.

      Section 7.2 Amendments.

      (1) No amendment or modification of any provision of this Agreement shall
be effective unless the same shall be in writing and signed by all the parties
hereto.

      (2) The parties agree that they will not amend any provision in the New
Indenture or any other agreement affecting, in any material respect, the duties
or rights of the Agent without the prior written consent of the Agent.

      Section 7.3 Notices. Any notices, requests or other communications given
or made pursuant to the Indentures or any other agreement affecting the duties
or rights of the Agent shall be made as specified in the New Indenture. All such
notices, requests or other communications shall be directed to the Agent at its
administrative office located at 3320 East State Street, Hermitage, Pennsylvania
16148. The parties may, by notice given pursuant to this Section, designate any
different address to which subsequent communications shall be sent.

      Section 7.4 Resignation and Removal. The Agent may resign from, and may be
removed from, the performance of all of, the New Sales Duties, the New Paying
Agent Duties and/or the Exchange Agent Duties upon 60 days written notice. No
such resignation or removal shall take effect until the acceptance of
appointment of a successor agent for such duties.

      Section 7.5 Successors. Any corporation or association into which the
Agent may be converted or merged, or with which it may be consolidated, or any
corporation or association resulting from any such conversion, merger or
consolidation to which it is a party, shall be and become successor agent
hereunder invested with all of the rights, powers, trusts, duties and
obligations of the Agent hereunder, without the execution or filing of an
instrument or any further act.

      Section 7.6 Action Due on Saturdays, Sundays and Holidays. If any date on
which a payment, notice or other action required by this Agreement or the New
Indenture falls on other than a Business Day, then that action or payment need
not be taken or made on such date, but may be taken or made on the next
succeeding Business Day on which the Agent is open for business with the same
force and effect as if made on such day.

      Section 7.7 Conflicts; Interpretation. If there is any conflict between
provisions of this Agreement and provisions of the New Indenture, the provisions
of the New Indenture shall control. Subject to the foregoing, the Agent may
construe any ambiguous or inconsistent

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provision of this Agreement and any construction of a provision by the Agent
shall be binding upon FNB Financial Services and FNB.

      Section 7.8 Headings. The headings in this Agreement are for purposes of
reference only and shall not in any way limit or otherwise affect the meaning or
interpretation of any of the terms hereof.

      Section 7.9 Remedies. Unless otherwise specified herein, in the event that
any party breaches or violates any of the obligations contained in this
Agreement, each other party shall be entitled to exercise any right and seek any
remedy available to it either at law or in equity, including, without
limitation, damages and injunctive relief. The exercise of any right or the
seeking of any remedy shall not preclude the concurrent or subsequent exercise
of any other right or the seeking of any other remedy, and all rights and
remedies shall be cumulative.

      Section 7.10 Entire Agreement; Benefit of the Agreement. This Agreement
constitutes the entire agreement among the parties with respect to the subject
matter hereof, and any prior agreements or understandings between any of the
parties to this Agreement relating to such subject matter are hereby superceded
to the extent inconsistent with this Agreement; provided, however, that for
purposes of clarity, the Agency Agreement dated as of January 1, 1994 by and
between FNB and Regency Finance Company, as Agent, shall continue in full force
and effect except as modified by this Agreement. This Agreement is solely for
the benefit of the parties hereto and their successors and assigns, and no other
person shall acquire or have any rights under or by virtue hereof. This
Agreement shall be binding upon and shall inure to the benefit of the parties
and respective permitted successors and assigns.

      Section 7.11 No Implied Waivers. The rights of any party under any
provision of this Agreement shall not be affected by its prior failure to
require the performance by any other party under such provision or any other
provision of this Agreement, nor shall the waiver by any party of a breach of
any provision hereof constitute a waiver of any succeeding breach of the same or
any other provision or constitute a waiver of the provision of any other
provision itself or any other provision.

      Section 7.12 Counterparts. This Agreement may be executed in two or more
counterparts, each of which shall constitute an original but both or all of
which, when taken together, shall constitute but one instrument, and shall
become effective when copies hereof which, when taken together, bear the
signatures of each of the parties hereto, shall be delivered to each of the
parties hereto.

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      IN WITNESS WHEREOF, the Agent, FNB Financial Services and FNB have each
caused this Agreement to be duly executed in its name and on its behalf by its
duly authorized officer as of the date above written.

           F.N.B. CORPORATION,                 FNB FINANCIAL SERVICES, LP
              AS GUARANTOR
                                       BY:  REGENCY CONSUMER FINANCIAL
By: _________________________________       SERVICES INC., ITS GENERAL PARTNER
    Name:
    Title:                             By:  ____________________________________
                                            Name:   Donald W. Phillips, Jr.
                                            Title:  President

                                               REGENCY FINANCE COMPANY,
                                                         AS AGENT

                                       By:  ____________________________________
                                            Name:  Robert T. Rawls
                                            Title: President and Chief Executive
                                                   Officer

                                       10<PAGE>

                                                                    EXHIBIT 4.12

                                    GUARANTY

      THIS GUARANTY is made and entered into as of January ____, 2005 (this
"Guaranty") by F.N.B. CORPORATION, a Florida corporation ("FNB") in favor of the
Holders (the "Holders") of certain Nonnegotiable Subordinated Term Notes,
Nonnegotiable Subordinated Daily Notes and Nonnegotiable Subordinated Special
Daily Notes (collectively, the "Securities") of FNB FINANCIAL SERVICES, LP, a
Delaware limited partnership (the "Company").

                               W I T N E S S E T H

      WHEREAS, it is a condition precedent to the Holders purchasing the
Securities that FNB executes this Guaranty; and

      WHEREAS, FNB will be receiving a direct or indirect corporate benefit as a
result of the issuance of the Securities and the application of the proceeds
thereof by the Company.

      NOW, THEREFORE, in consideration of the premises, and in order to induce
the Holders to purchase the Securities from the Company, FNB agrees as follows:

1.    GUARANTY.

      1.1 Obligations Guaranteed. FNB hereby irrevocably, absolutely and
unconditionally guarantees to the Holders and J.P. Morgan Trust Company,
National Association, as Trustee (the "Trustee") under the Indenture dated as of
January ____, 2005 by and among the Company, FNB as Guarantor and the Trustee
(the "Indenture"): (a) the full and prompt payment of the principal of all of
the Securities and of the interest thereon at the rate therein stipulated and
all other amounts owing to the Holders by the Company, when and as the same
shall become due and payable, whether by lapse of time, upon redemption or
prepayment, by extension or by acceleration or declaration, or otherwise, and
(b) the full and prompt performance and observance by the Company and Regency
Consumer Financial Services Inc., the Company's general partner (the "General
Partner"), of each and all of the covenants and agreements required to be
performed or observed by each of them under the terms of the Securities and the
Indenture, in each and every case irrespective of the validity, regularity or
enforcement of any of the Securities or the Indenture or any of the terms
thereof or of any other like circumstance or circumstances (all of the
obligations described in the foregoing clauses being referred to herein as the
"Guaranteed Obligations"). The guaranty of the Securities herein provided for is
a guaranty of the immediate and timely payment of the principal, interest and
all other amounts owing to the Holders under the Securities when and as the same
are due and payable and shall not be deemed to be a guaranty only of the
collectibility of such payments and that in consequence thereof each Holder may
sue FNB directly upon such principal, interest and other amounts becoming so due
and payable. All terms used in this Guaranty which are defined in the Indenture
and not otherwise defined herein shall have the meanings assigned to them in the
Indenture.

      1.2 Obligations Unconditional; Waivers.

      (a) The Guaranteed Obligations shall be absolute and unconditional and
shall remain in full force and effect until the entire principal, interest and
all other sums due to the Holders and the Trustee pursuant to the Securities or
the Indenture shall have been fully, finally and indefeasibly paid and such
Guaranteed Obligations shall not be affected, modified or impaired

<PAGE>

upon the happening from time to time of any event or condition, including
without limitation any of the following, whether or not with notice to or the
consent of FNB:

         (i)      the power or authority or the lack of power or authority of
                  the Company to issue the Securities or enter into the
                  Indenture and irrespective of the validity of the Securities
                  or the Indenture, or of any defense whatsoever that the
                  Company may or might have to the payment of the Securities or
                  any amounts payable under the Indenture (including, without
                  limitation, principal and interest) or to the performance or
                  observance of any of the provisions or conditions of the
                  Securities or the Indenture, or the existence or continuance
                  of the Company as a legal entity;

         (ii)     any failure to present the Securities for payment or to demand
                  payment thereof, or to give the Company or FNB notice of
                  dishonor for non-payment of the Securities, when and as the
                  same may become due and payable, or notice of any failure on
                  the part of the Company to do any act or thing or to perform
                  or to keep any covenant or agreement to be done, kept or
                  performed under the terms of the Securities or the Indenture;

         (iii)    the acceptance of any security or any guaranty, the advance of
                  additional money to the Company, any extension of the
                  obligation of the Securities or the Indenture, either
                  indefinitely or for any period of time, or any other
                  modification in the obligation of the Securities or the
                  Indenture or the Company thereon, or in connection therewith,
                  or any sale, release, substitution or exchange of any
                  security;

         (iv)     any act or failure to act with regard to the Securities or the
                  Indenture or anything which might vary the risk of FNB
                  (including, without limitation, any release or substitution of
                  any one or more of the endorsers or guarantors of the
                  Guaranteed Obligations);

         (v)      any failure or omission on the part of any Holder or the
                  Trustee to first enforce any right against the Company,
                  provided that nothing in this Section shall entitle any Holder
                  or the Trustee to recover twice any sums claimed pursuant to
                  this Guaranty;

         (vi)     the extension of the time for payment of any principal of, or
                  interest on, any Security owing or payable on such Security;

         (vii)    any failure, omission, delay or lack on the part of the
                  Holders or the Trustee to enforce, assert or exercise any
                  right, power or remedy conferred on the Holders or the Trustee
                  or any other act or acts on the part of the Holders or the
                  Trustee;

         (viii)   the voluntary or involuntary liquidation, dissolution, sale or
                  other disposition of all or substantially all the assets,
                  marshaling of assets and liabilities, receivership,
                  insolvency, bankruptcy, assignment for the benefit of
                  creditors, reorganization or arrangement under bankruptcy or
                  similar laws, composition with creditors or readjustment of,
                  or other similar procedures affecting the Company or FNB or
                  any of the assets of either of them (it being understood that
                  the obligations of FNB under this Guaranty shall continue to
                  be effective or be reinstated, as the case may be, if at any
                  time any payment made with respect to the Securities or

                                     - 2 -

<PAGE>

                  the Indenture is rescinded or must otherwise be restored or
                  returned by any Holder or the Trustee upon the insolvency,
                  bankruptcy or reorganization of the Company or FNB, all as
                  though such payment had not been made);

         (ix)     any event or action that would, in the absence of this clause,
                  result in the release or discharge by operation of law of FNB
                  from the performance or observance of any obligation, covenant
                  or agreement contained in this Guaranty;

         (x)      the invalidity or unenforceability of the obligations of FNB
                  under this Guaranty, the absence of any action to enforce such
                  obligations of FNB, any waiver or consent by FNB with respect
                  to any of the provisions hereof or any other circumstances
                  which might otherwise constitute a discharge or defense by
                  FNB, including, without limitation, any failure or delay in
                  the enforcement of the obligations of FNB with respect to this
                  Guaranty or of notice thereof; or any suit or other action
                  brought by any shareholder or creditor of, or by, FNB or any
                  other person, for any reason, including, without limitation,
                  any suit or action in any way attacking or involving any
                  issue, matter or thing in respect of the Securities or any
                  other agreement;

         (xi)     the impossibility or illegality of performance on the part of
                  the Company of its obligations under the Securities, the
                  Indenture or any other instruments;

         (xii)    in respect of the Company, any change of circumstances,
                  whether or not foreseen or foreseeable, whether or not
                  imputable to the Company, or other impossibility of
                  performance through fire, explosion, accident, labor
                  disturbance, floods droughts, embargoes, wars (whether or not
                  declared), civil commotions, acts of God or the public enemy,
                  delays or failure of suppliers or carriers, inability to
                  obtain materials, action of any regulatory body or agency,
                  change of law or any other causes affecting performance, or
                  other force majeure, whether or not beyond the control of the
                  Company and whether or not of the kind hereinbefore specified;

         (xiii)   any attachment, claim, demand, charge, lien, order, process,
                  encumbrance or any other happening or event or reason, similar
                  or dissimilar to the foregoing, or any withholding or
                  diminution at the source, by reason of any taxes, assessments,
                  expenses, indebtedness, obligations or liabilities of any
                  character, foreseen or unforeseen, and whether or not valid,
                  incurred by or against any person, or any claims, demands,
                  charges or liens of any nature, foreseen or unforeseen,
                  incurred by any person, or against any sums payable under the
                  Securities or the Indenture, so that such sums would be
                  rendered inadequate or would be unavailable to make the
                  payments herein provided;

         (xiv)    the failure of FNB to receive any benefit or consideration
                  from or as a result of its execution, delivery and performance
                  of this Guaranty;

         (xv)     any sale, exchange, release or surrender of any property at
                  any time pledged or granted as security in respect of the
                  Guaranteed Obligations; or

         (xvi)    any other circumstance which might otherwise constitute a
                  defense available to, or a discharge of, FNB in respect of the
                  obligations of FNB under this Guaranty.

                                     - 3 -

<PAGE>

PROVIDED that the specific enumeration of the above-mentioned acts, failures or
omissions shall not be deemed to exclude any other acts, failures or omissions,
though not specifically mentioned above, it being the purpose and intent of this
Guaranty that the obligations of FNB hereunder shall be absolute and
unconditional to the extent herein specified and shall not be discharged,
impaired or varied except by the full, final and indefeasible payment to the
Holders of the principal of, interest on, and any other amounts due in respect
of the Securities or to the Trustee under the Indenture, and then only to the
extent of such payments. Without limiting any of the other terms or provisions
hereof, it is understood and agreed that in order to hold FNB liable hereunder,
there shall be no obligation on the part of any holder of any Security or the
Trustee to resort, in any manner or form, for payment, to the Company, to any
other person or to the properties or estates of any of the foregoing. All rights
of the Holders pursuant thereto, and of the Holders and Trustee pursuant to the
Indenture and under this Guaranty shall be considered to be transferred or
assigned upon the valid transfer of such Security on the books of the Company.
Without limiting the foregoing, it is understood that repeated and successive
demands may be made and recoveries may be had hereunder as and when, from time
to time, the Company shall default under the terms of the Securities or the
Indenture and that notwithstanding recovery hereunder for or in respect of any
given default, this Guaranty shall remain in full force and effect and shall
apply to each and every subsequent default.

      (b) Except as otherwise provided in this Guaranty, to the fullest extent
permitted by law, FNB does hereby expressly waive:

      (i)   all of the matters specified in clause (a) of this Section 1.2 and
            any notices in respect thereof;

      (ii)  notice of any purchase or acceptance of the Securities or the
            creation, existence or acquisition of any of the Guaranteed
            Obligations, subject to FNB's right to make inquiry of each Holder
            and the Trustee to ascertain the amount of the Guaranteed
            Obligations at any reasonable time;

      (iii) notice of the amount of the Guaranteed Obligations, subject to FNB's
            right to make inquiry of each Holder and the Trustee to ascertain
            the amount of the Guaranteed Obligations at any reasonable time; and

      (iv)  any stay (except in connection with a pending appeal), valuation,
            appraisal, redemption or extension law now or at any time hereafter
            in force that, but for this waiver, might be applicable to any sale
            of property of FNB made under any judgment, order or decree based on
            this Guaranty, and FNB covenants that it will not at any time insist
            upon or plead, or in any manner claim or take the benefit or
            advantage of any such law.

      (c) Each of the rights and remedies granted under this Guaranty to each
Holder and the Trustee may be exercised by such Holder and the Trustee without
notice to, or the consent of or any other action by, any other Holder or the
Trustee, subject to the terms of the Indenture. Each Holder and the Trustee may
proceed to protect and enforce this Guaranty by suit or suits or proceedings in
equity, at law or in bankruptcy, and whether for the specific performance of any
covenant or agreement contained herein or in execution or aid of any power
herein granted, subject to the terms of the Indenture; or for the recovery of
judgment for the obligations hereby guaranteed or for the enforcement of any
other proper, legal or equitable remedy available under applicable law, subject
to the terms of the Indenture.

                                     - 4 -

<PAGE>

      (d) If any Holder or the Trustee shall have instituted any proceeding to
enforce any right or remedy under this Guaranty or under any Security held by
such Holder or under the Indenture and such proceeding shall have been
discontinued or abandoned for any reason, or shall have been determined
adversely to such holder, then and in every such case each such Holder or the
Trustee and the Company shall, except as may be limited or affected by any
determination in such proceeding, be restored severally and respectively to its
respective former position hereunder and thereunder, and thereafter the rights
and remedies of such Holders or the Trustee shall continue as though no such
proceeding had been instituted.

      (e) The obligations of FNB under this Guaranty shall not be discharged nor
shall FNB's liability be affected by any reduction occurring in, or any
arrangement being made relating to any of the Company's liabilities to one or
more Holders or the Trustee as a result of any arrangement or composition made
pursuant to any provisions of any applicable bankruptcy or insolvency laws or
any analogous provision or made pursuant to any proceedings or actions
whatsoever and whether or not following the appointment of any administrator,
administrative receiver, trustee, liquidator, receiver or examiner or any
similar officer to the Company or over all or a substantial part of the Company,
and FNB hereby agrees that the amount recoverable by the Holders or the Trustee
from FNB hereunder will be and will continue to be the full amount which would
have been recoverable by the Holders or the Trustee from the Company in respect
of the Company's liabilities had no such arrangement or composition as aforesaid
been entered into.

2. COLLECTION EXPENSES. In the event that FNB shall be required to make any
payment to any Holder or the Trustee pursuant to the provisions of this
Guaranty, FNB shall, in addition to such payment, pay to such Holder or the
Trustee such further amount as shall be sufficient to cover the reasonable costs
and expenses of collection of the Holder or the Trustee, including, without
limitation, the reasonable costs and expenses of attorneys or financial advisors
incurred in connection with the evaluation and enforcement of any rights
hereunder and any reasonable expenses or liabilities incurred by any Holder or
the Trustee hereunder. FNB's obligations under this Section 2 shall survive the
payment of the Securities, provided that FNB shall not be required to pay any
further amounts, costs, expenses or liabilities than have otherwise been paid
pursuant to the terms of this Guaranty.

3. SUBROGATION. To the extent of any payments made under this Guaranty, FNB
shall be subrogated to the rights of the Holder or the Trustee receiving such
payments, but FNB covenants and agrees that such right of subrogation shall be
subordinate in right of payment to the rights of any Holders or the Trustee for
which full payment has not been made or provided for and, to that end, FNB
agrees not to claim or enforce any such right of subrogation or any right of
setoff or any other right which may arise on account of any payment made by FNB
in accordance with the provisions of this Guaranty unless and until all of the
Securities and all other sums due or payable under this Guaranty have been fully
paid and discharged.

4. PREFERENCE; MARSHALING.

      (a) FNB agrees that to the extent the Company makes any payment on the
Securities or to the Trustee under the Indenture, which payment or any part
thereof is subsequently invalidated, voided, declared to be fraudulent or
preferential, set aside, or is required to be repaid to a trustee, receiver or
any other person under any bankruptcy code, common law or equitable cause, then
and to the extent of such payment, the obligation or the part thereof intended
to be satisfied shall be revived and continued in full force and effect with
respect to FNB's obligations hereunder, as if said payment had not been made.
The liability of FNB hereunder shall not be reduced or discharged, in whole or
in part, by any payment to any Holder or to the Trustee under

                                     - 5 -

<PAGE>

the Indenture from any source that is thereafter paid, returned or refunded in
whole or in part by reason of the assertion of a claim of any kind relating
thereto, including, but not limited to, any claim for breach of contract, breach
of warranty, preference, illegality, invalidity or fraud asserted by any account
debtor or by any other person.

      (b) None of the Holders or the Trustee shall be under any obligation (i)
to marshal any assets in favor of FNB or in payment of any or all of the
liabilities of the Company under or in respect of the Securities or the
obligations of FNB hereunder or (ii) to pursue any other remedy that FNB may or
may not be able to pursue itself and that may lighten FNB's burden, any right to
which FNB hereby expressly waives.

      5. SUBORDINATION. The indebtedness evidenced by the Securities is
subordinate to the prior payment when due of the principal of and interest on
all Senior Indebtedness (as such term is defined below). Upon maturity of any
Senior Indebtedness, payment in full must be made on such Senior Indebtedness
before any payment is made on or in respect of the Securities or this Guaranty.
During the continuance of any default in payment of principal of or interest or
sinking fund on any Senior Indebtedness, or any other event of default with
respect to Senior Indebtedness pursuant to which the holders thereof have
accelerated the maturity thereof, no direct or indirect payment may be made or
agreed to be made by the Company or FNB on or in respect of the Securities or
this Guaranty. Upon any distribution of assets of the Company or FNB in any
dissolution, winding up, liquidation or reorganization, payment of the principal
of and interest on the Securities or this Guaranty will be subordinated, to the
extent and in the manner set forth in the Indenture, to the prior payment in
full of all Senior Indebtedness. The Indenture does not limit the Company's or
FNB's ability to increase the amount of Senior Indebtedness or to incur any
additional indebtedness in the future that may affect the Company's or FNB's
ability to make payments under the Securities or this Guaranty. Except as
described above, the obligation of the Company or FNB to make payment of
principal or interest on the Securities or this Guaranty will not be affected.
By reason of such subordination, in the event of a distribution of assets upon
insolvency, certain general creditors of the Company and FNB may recover more,
ratably, than Holders of the Securities.

      "Senior Indebtedness" means Indebtedness of the Company or FNB outstanding
at any time, other than Indebtedness of the Company or FNB to each other or to a
Subsidiary for money borrowed or advanced from the other or from any such
Subsidiary or Indebtedness which by its terms is not superior in right of
payment to the Securities, provided, however, that for purposes of clarity, the
obligations of FNB under this Guaranty with respect to the Indebtedness
represented by the Securities and this Guaranty shall be pari passu with the
Indebtedness of FNB under that certain Indenture, dated as of May 15, 1992, as
amended, between FNB and J.P. Morgan Trust Company, National Association,
successor trustee to Northern Central Bank, as trustee. "Indebtedness" means (1)
any debt of the Company or FNB (i) for borrowed money or (ii) evidenced by a
note, debenture or similar instrument (including a purchase money obligation)
given in connection with the acquisition of any property or assets, including
securities; (2) any debt of others described in the preceding clause (1) which
the Company or FNB has guaranteed or for which it is otherwise liable; and (3)
any amendment, renewal, extension or refunding of any such debt.

6. ENTIRE AGREEMENT; AMENDMENTS; WAIVERS. FNB hereby agrees that this instrument
contains the entire agreement of FNB regarding its subject matter, and that
there is and can be no other oral or written agreement or understanding whereby
the provisions of this instrument have been or can be terminated, affected,
varied, waived, amended or modified in any manner, unless the same be set forth
and consented to in writing by FNB and a Holder or the

                                     - 6 -

<PAGE>

Trustee. Any consent given pursuant to this Section 6 by a Holder which has (i)
transferred or agreed to transfer all or a portion of its Securities to the
Company, FNB or any subsidiary and (ii) provided such consent as a condition to
such transfer, shall be valid and binding only upon such holder. Any amendment
or waiver which becomes effective only with such consent (and the consents of
all other Holders which were acquired under the same or similar conditions)
shall be valid and binding only upon such Holder(s).

7. SUCCESSORS AND ASSIGNS. In respect of the obligations of the Company under
the Securities and the Indenture, this Guaranty shall be binding upon and inure
to the benefit of the Holders and the Trustee (and for this purpose FNB may
treat the person in whose name any Security is registered in the register
maintained by the Company as the owner and holder of such Security for all
purposes whatsoever and FNB shall not be affected by notice to the contrary). In
respect of all other obligations of the Company guaranteed by this Guaranty,
this Guaranty shall be binding upon and inure to the benefit of the respective
successors and assigns of FNB and of any Holder and the Trustee. This Guaranty
shall without further consent of FNB, pass to, and may be relied upon and
enforced by, any successor or assignee of any Holder and any transferee or
subsequent registered holder of any Security and the Trustee.

8. NOTICES. All notices and communications provided for hereunder shall be in
writing and sent (a) by telecopy if the sender on the same day sends a
confirming copy of such notice by a recognized overnight delivery service
(charges prepaid), or (b) by a recognized overnight delivery service (with
charges prepaid). Any such notice must be sent: (x) if to a Holder, at such
other address as such Holder shall have specified to the Company in writing, (y)
if to the Trustee, to such Trustee at One Oxford Centre, Suite 1100, 301 Grant
Street, Pittsburgh, Pennsylvania 15219, Attn: Institutional Trust Services, or
at such other address as the Trustee shall have specified to FNB and the holder
of each Security in writing, or (z) if to FNB, to FNB at One FNB Boulevard,
Hermitage, Pennsylvania 16148, Attn: Legal Department, or at such other address
as FNB shall have specified to the holder of each Security in writing. Notices
under this Section 7 will be deemed given only when actually received.

9. GOVERNING LAW. This Guaranty shall be construed and enforced in accordance
with, and the rights of the parties shall be governed by, the law of the State
of Delaware excluding its choice of law principles that would require the
application of the laws of another jurisdiction.

10. NO WAIVER. No delay on the part of any Holder or the Trustee in exercising
any rights hereunder or failure to exercise the same shall operate as a waiver
of such rights; no notice to or demand on FNB shall be deemed to be a waiver of
the obligation of FNB or of the rights of any Holder or the Trustee to take
further action without notice or demand as provided herein.

11. HEADINGS. The descriptive headings of the several Sections of this Guaranty
are inserted for convenience only and do not constitute a part of this Guaranty.

12. SEVERABILITY. Any provision of this Guaranty that is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
to the extent of such prohibition or unenforceability without invalidating the
remaining provisions hereof, and any such prohibition or unenforceability in any
jurisdiction shall (to the full extent permitted by law) not invalidate or
render unenforceable such provision in any other jurisdiction.

                                     - 7 -

<PAGE>

      IN WITNESS WHEREOF, FNB has caused this Guaranty to be executed as of the
date first above written.

                                            F.N.B. CORPORATION,
                                              a Florida corporation

                                            By: ________________________________
                                            Name: ______________________________
                                            Title: _____________________________

                                     - 8 -

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