First Community Bankshares Acquisition | Financial Services Deal in VA

First Community Bankshares acquisition completed the acquisition of First Community Bankshares, a banking business in Virginia, for $12.03 million. First Community Bankshares operates as a community bank focused on net interest income, deposit funding, and loan portfolio performance, serving customers in Virginia and surrounding markets. The financial services M&A transaction supports other acquisition growth, with the bank reporting a 4.37% net interest margin and increased tax-equivalent net interest income driven by higher average earning assets. The deal is categorized as other acquisition and follows the completion of the Hometown Bancshares acquisition, with quarterly cash dividend activity of $0.31 per share and ongoing integration of acquired operations.