(a) Not applicable.

(b) Not applicable.

(c) Not applicable.

(d) Not applicable.

(e) On December 20, 2007, the Boards of Directors of Parkvale Financial Corporation (the "Company") and Parkvale Savings Bank (the "Bank") approved the amendment and restatement of the following agreements and benefit plans:

· the Company's and the Bank's employment agreement entered into with Robert J.
McCarthy, Jr., President and Chief Executive Officer of the Company and the Bank;

· the change in control severance agreements entered into among the Company, the Bank and each of Timothy G. Rubritz and Gail B. Anwyll;

· the change in control severance agreement entered into among the Bank and Thomas R. Ondek;

· the Executive Deferred Compensation Plan of the Bank;

· the Supplemental Executive Benefit Plan of the Company and the Bank; and

· the Company's 2004 Stock Incentive Plan.

The above agreements and benefit plans were amended and restated in order to comply with final regulations issued by the Internal Revenue Service under
Section 409A of the Internal Revenue Code of 1986, as amended (the "Code"). Section 409A of the Code governs the deferral of compensation where the director, officer or employee has a legally binding right to compensation that is payable in a future year. Section 409A imposes new requirements with respect to deferral elections, payment events and payment elections.

For additional information, reference is made to the amended agreements and plans included as Exhibits 10.1 through 10.7 hereto, which are incorporated herein by reference.

(a) On December 20, 2007, the Board of Directors of the Company adopted amendments to Article VII, Sections 1 and 2 of the Company's Bylaws regarding uncertificated shares. On October 25, 2007, the stockholders of the Company approved an amendment to the Company's Articles of Incorporation at the annual meeting of stockholders (to add a new Section 4 at the end of Article VII), which was effective upon filing of Articles of Amendment with the Commonwealth of Pennsylvania on December 20, 2007. The purpose of the amendments is to make the Company's common stock eligible for participation in a Direct Registration Program operated by a clearing agency (such as the one offered by the Depository Trust Company), as required pursuant to NASDAQ Marketplace Rule 4350(1), as recently amended. To be eligible for a Direct Registration Program, the Company's common stock must qualify as "eligible securities," meaning that the Company must permit electronic direct registration of the common stock in an investor's name on the books of the transfer agent or the Company, and similarly allow the common stock to be transferred between a transfer agent and broker. Accordingly, the amendments were adopted to provide for a system of issuance, recordation and transfer of the Company's common stock by electronic or other means not involving any issuance of physical certificates. In addition, the Company also amended on December 20, 2007 Article IV, Section 3 and Article V of the Company's Bylaws regarding Board committees.

(b) Not applicable.

(a) Not applicable.

(b) Not applicable.

(c) Not applicable

(d) The following exhibits are included with this Report:

Exhibit No. Description

3.1          Amendment to Article VII of the Articles of Incorporation of
             Parkvale Financial Corporation

3.2          Amended and Restated Bylaws of Parkvale Financial Corporation

10.1         Amended and Restated Employment Agreement among Parkvale Financial
             Corporation, Parkvale Savings Bank and Robert J. McCarthy, Jr.,
             dated December 20, 2007.

10.2         Amended and Restated Change in Control Severance Agreement among
             Parkvale Financial Corporation, Parkvale Savings Bank and Timothy
             G. Rubritz, dated December 20, 2007.

10.3         Amended and Restated Change in Control Severance Agreement among
             Parkvale Financial Corporation, Parkvale Savings Bank and Gail B.
             Anwyll, dated December 20, 2007.

10.4         Amended and Restated Change in Control Severance Agreement between
             Parkvale Savings Bank and Thomas R. Ondek, dated December 20, 2007.
10.1
10.5         Parkvale Savings Bank Amended and Restated Executive Deferred
             Compensation Plan, effective as of December 20, 2007.
10.2
10.6         Parkvale Financial Corporation Amended and Restated Supplemental
             Executive Benefit Plan, effective as of December 20, 2007.

10.7         Parkvale Financial Corporation Amended and Restated 2004 Stock
             Incentive Plan, effective as of December 20, 2007.