GlobeNewswire·Jan 26, 2026, 4:53 PM ET

First Community Bankshares, Inc. Completes Acquisition of Hometown Bancshares, Inc.

First Community Bankshares, Inc. completed its acquisition of Hometown Bancshares, Inc. and its subsidiary Union Bank, Inc. on January 23, 2026.
Hometown's eight West Virginia branches officially opened as First Community Bank locations on the morning of January 26, 2026.
Under the merger terms, Hometown shareholders received 11.706 shares of First Community common stock for each share of Hometown stock.
The transaction aligns with First Community's strategy to grow low-cost core deposits & expand its presence in the Parkersburg-Marietta-Vienna MSA.
Hometown held approximately $415 million in total assets, $172 million in total loans, & $376 million in total deposits as of December 2025.
The combined entity will leverage Union Bank's strong deposit base while providing customers with increased scale, higher lending limits, & enhanced technology.
First Community Bank operates 52 branches across Virginia, West Virginia, North Carolina, & Tennessee as of December 31, 2025.
The Company reported consolidated assets of $3.26 billion & its Trust Division managed $1.79 billion in assets as of December 31, 2025.