FNCB Releases Third Quarter 2009 Financial Results

DUNMORE, Pa.--(Business Wire)--
First National Community Bancorp, Inc. (OTCBB:FNCB), the financial holding
company of First National Community Bank, today announced a net loss for the
quarter ended September 30, 2009 of $6.2 million compared to net income of $4.3
million for the same quarter of 2008.

Loss per share for the quarter was $.38 compared to earnings per share of $.27
for the same prior year period.

Results were negatively impacted by the continued weakness in the U.S. economy,
which has led to declining collateral values supporting many of the
institution's commercial real estate loan projects and an increase in
non-performing assets.

"Until Northeastern Pennsylvania begins to experience an economic upturn, the
entire local banking industry will continue to feel the impact of rising
unemployment, mounting real estate foreclosures and further credit
deterioration," notes J. David Lombardi, President and Chief Executive Officer
of FNCB. "Challenging times require extraordinary management, and we have
allocated the necessary reserves so that problems identified in our loan
portfolio will not be an ongoing factor."

Net interest income before the provision for credit losses totaled $9.5 million,
which was approximately 6% lower than the prior three-month period and the same
quarter last year. Other income was negatively impacted by the $2.4 million
impairment charge on investment securities due to credit quality issues.
Operating expenses increased in relation to prior periods due to the recognition
of costs on properties carried in Other Real Estate Owned.

For the first nine months of 2009, the company has recorded a $5.2 million net
loss, as more than $20 million of earnings have been allocated to the allowance
for credit losses to strengthen the reserve and absorb current period charges.

"FNCB remains well-capitalized and well-prepared for the future," Lombardi
explains. "We remain focused on our mission of providing liquidity and funding
in these difficult economic times, and continue to operate as an outstanding
community banking organization fully committed to providing our customers with
personal service and quality products, as we have for almost 100 years."

US Banker this year ranked FNCB 38th of the top 200 community banks according to
a three-year average of the company's Return on Equity.

First National Community Bank provides personal, small business and commercial
banking services to individuals and businesses from 20 offices throughout
Lackawanna, Luzerne, Monroe and Wayne Counties in Northeastern Pennsylvania. The
institution was established as a National Banking Association in 1910 as The
First National Bank of Dunmore, and has been operating under its current name
since 1988.

This press release contains forward-looking statements as defined in the Private
Securities Litigation Reform Act of 1995. Actual results and trends could differ
materially from those set forth in such statements due to various risks,
uncertainties and other factors.Such risks, uncertainties and other factors that
could cause actual results and experience to differ include, but are not limited
to, the following: the strategic initiatives and business plans may not be
satisfactorily completed or executed, if at all; increased demand or prices for
the Corporation`s financial services and products may not occur; changing
economic and competitive conditions; technological developments; the
effectiveness of the Corporation`s business strategy due to changes in current
or future market conditions; effects of deterioration of economic conditions on
customers specifically the effect on loan customers to repay loans; inability of
the Corporation to raise or achieve desired or required levels of capital; the
effects of competition, and of changes in laws and regulations, including
industry consolidation and development of competing financial products and
services; interest rate movements; relationships with customers and employees;
challenges in establishing and maintaining operations; volatilities in the
securities markets; and deteriorating economic conditions and other risks and
uncertainties, including those detailed in the Corporation`s filings with the
Securities and Exchange Commission.

First National Community Bancorp, Inc.
William S. Lance
Executive Vice President
570-348-6438

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