First Natl Corp Strasburg Va (FXNC) 8.2000 $FXNC
Local Business Leaders Join First Bank and First National Corporation Boards
GlobeNewswire - Mon Aug 18, 3:38PM CDT
First National Corporation (the "Company"
(OTCBB:FXNC), announced today the appointment of Emily Marlow Beck and W. Michael Funk to the Board of Directors of the Company and its wholly-owned banking subsidiary, First Bank (the "Bank" .
First National Corporation Announces $1.3 Million Increase in Second Quarter Earnings
GlobeNewswire - Thu Jul 24, 7:51AM CDT
First National Corporation (the "Company" (OTCBB:FXNC), the parent company of First Bank (the "Bank" , reported a $1.3 million increase in second quarter earnings. Net income totaled $1.5 million, or $0.26 per basic and diluted share, for the three months ended June 30, 2014, compared to $261 thousand, or $0.01 per basic and diluted share, for the same period in 2013. The Company's earnings for the three-month period resulted in a return on average assets of 1.16% and a return on average equity of 11.05%.
First National Corporation Subsidiary Announces New Mortgage Division
PR Newswire - Thu Jun 12, 8:00AM CDT
First National Corporation (the "Company" (OTCBB: FXNC), the parent company of First Bank (the "Bank" , announced today the launch of a new mortgage division named, "First Mortgage". George Ballew has joined First Bank as the Chief Executive Officer of the division that will be headquartered in Staunton, Virginia. Mr. Ballew has over 27 years of mortgage lending experience, with nearly 20 years in the Staunton market. George most recently served as a Senior Vice President and Mortgage Market Manager. During his illustrious career, he has been a valued financial partner for many, providing local banking services and sound financial advice. The Company is excited about the strategic opportunity to expand operations into the Staunton market. First Mortgage is a natural extension of the Company's core banking franchise. George will build a productive team of mortgage professionals to meet the diverse needs of current and prospective homeowners throughout the region.
Northern Oil and Gas, Inc. Provides Fourth Quarter 2013 Production and Operations Update
PR Newswire - Wed Jan 29, 3:30PM CST
Northern Oil and Gas, Inc. ("Northern" (NYSE MKT: NOG) is providing a production and operations update for the quarter ended December 31, 2013.
First National Corporation Announces Earnings
PR Newswire - Wed Jan 29, 6:29AM CST
First National Corporation (the "Company" (OTCBB: FXNC), the parent company of First Bank (the "Bank" , reported record annual and quarterly earnings. Net income totaled $10.0 million, or $1.85 per basic and diluted share, for the year ended December 31, 2013. For the fourth quarter of 2013, net income totaled $7.5 million, or $1.49 per basic and diluted share.
Shenandoah Business Dean Joins First Bank and First National Corporation Boards
PR Newswire - Fri Aug 16, 11:20AM CDT
First National Corporation (the "Company" (OTCBB: FXNC), announced today the appointment of Dr. Miles K. Davis as a director of the Company and its wholly-owned banking subsidiary, First Bank (the "Bank" . Dr. Davis is the George Edward Durell Chair of Management and Dean of the Harry F. Byrd, Jr. School of Business at Shenandoah University in Winchester, Virginia. Prior to becoming the Dean of the Business School in July 2012, Dr. Davis served as the founding director of the Institute for Entrepreneurship at the Harry F. Byrd, Jr. School of Business. He continues to teach courses on entrepreneurship and is a published author on the intersection of religion and entrepreneurship. Additionally, Dr. Davis is the host of an award winning radio program on small business, and he has numerous media citations. Dr. Davis is active in the microfinance movement, and lectures regularly in the U.S., Africa and Europe. His engagement in the business community is wide ranging. He sits on the Boards of the Loudoun County Small Business Development Center, Top of Virginia Chamber of Commerce, The Lemonhead Council and the Amana Mutual Fund.
First National Corporation Announces Asset Quality Improvement and Second Quarter Earnings
PR Newswire - Fri Aug 02, 4:00PM CDT
First National Corporation (the "Company" (OTCBB: FXNC), the parent company of First Bank (the "Bank" , reported its sixth consecutive profitable quarter and significant asset quality improvement over prior year. Net income for the quarter ending June 30, 2013 was $261 thousand compared to $694 thousand for the same period in 2012. Non-performing assets decreased 18% compared to one year ago and substandard loans declined 35% compared to one year ago.
First National Corporation Earnings Increased Over 100% for First Quarter
PR Newswire - Wed Apr 24, 7:15PM CDT
First National Corporation (the "Company" (OTCBB: FXNC), the parent company of First Bank (the "Bank" , reported net income of $1.0 million for the quarter ending March 31, 2013, compared to $475 thousand for the same period in 2012. Return on average assets improved to 0.75% compared to 0.36% for the first quarter of 2012. Return on average equity was 8.84% for the first quarter of 2013, up from 5.17% for the first quarter of 2012. After the effective dividend on preferred stock, net income available to common shareholders totaled $756 thousand or $0.15 per basic and diluted share for the first quarter of 2013, compared to $251 thousand, or $0.08 per basic and diluted share for the same period of 2012.
Local Business Leaders Join First Bank and First National Corporation Boards
GlobeNewswire - Mon Aug 18, 3:38PM CDT
First National Corporation (the "Company"
(OTCBB:FXNC), announced today the appointment of Emily Marlow Beck and W. Michael Funk to the Board of Directors of the Company and its wholly-owned banking subsidiary, First Bank (the "Bank" . First National Corporation Announces $1.3 Million Increase in Second Quarter Earnings
GlobeNewswire - Thu Jul 24, 7:51AM CDT
First National Corporation (the "Company"
(OTCBB:FXNC), the parent company of First Bank (the "Bank" , reported a $1.3 million increase in second quarter earnings. Net income totaled $1.5 million, or $0.26 per basic and diluted share, for the three months ended June 30, 2014, compared to $261 thousand, or $0.01 per basic and diluted share, for the same period in 2013. The Company's earnings for the three-month period resulted in a return on average assets of 1.16% and a return on average equity of 11.05%. First National Corporation Subsidiary Announces New Mortgage Division
PR Newswire - Thu Jun 12, 8:00AM CDT
First National Corporation (the "Company"
(OTCBB: FXNC), the parent company of First Bank (the "Bank" , announced today the launch of a new mortgage division named, "First Mortgage". George Ballew has joined First Bank as the Chief Executive Officer of the division that will be headquartered in Staunton, Virginia. Mr. Ballew has over 27 years of mortgage lending experience, with nearly 20 years in the Staunton market. George most recently served as a Senior Vice President and Mortgage Market Manager. During his illustrious career, he has been a valued financial partner for many, providing local banking services and sound financial advice. The Company is excited about the strategic opportunity to expand operations into the Staunton market. First Mortgage is a natural extension of the Company's core banking franchise. George will build a productive team of mortgage professionals to meet the diverse needs of current and prospective homeowners throughout the region. Northern Oil and Gas, Inc. Provides Fourth Quarter 2013 Production and Operations Update
PR Newswire - Wed Jan 29, 3:30PM CST
Northern Oil and Gas, Inc. ("Northern"
(NYSE MKT: NOG) is providing a production and operations update for the quarter ended December 31, 2013. First National Corporation Announces Earnings
PR Newswire - Wed Jan 29, 6:29AM CST
First National Corporation (the "Company"
(OTCBB: FXNC), the parent company of First Bank (the "Bank" , reported record annual and quarterly earnings. Net income totaled $10.0 million, or $1.85 per basic and diluted share, for the year ended December 31, 2013. For the fourth quarter of 2013, net income totaled $7.5 million, or $1.49 per basic and diluted share. Shenandoah Business Dean Joins First Bank and First National Corporation Boards
PR Newswire - Fri Aug 16, 11:20AM CDT
First National Corporation (the "Company"
(OTCBB: FXNC), announced today the appointment of Dr. Miles K. Davis as a director of the Company and its wholly-owned banking subsidiary, First Bank (the "Bank" . Dr. Davis is the George Edward Durell Chair of Management and Dean of the Harry F. Byrd, Jr. School of Business at Shenandoah University in Winchester, Virginia. Prior to becoming the Dean of the Business School in July 2012, Dr. Davis served as the founding director of the Institute for Entrepreneurship at the Harry F. Byrd, Jr. School of Business. He continues to teach courses on entrepreneurship and is a published author on the intersection of religion and entrepreneurship. Additionally, Dr. Davis is the host of an award winning radio program on small business, and he has numerous media citations. Dr. Davis is active in the microfinance movement, and lectures regularly in the U.S., Africa and Europe. His engagement in the business community is wide ranging. He sits on the Boards of the Loudoun County Small Business Development Center, Top of Virginia Chamber of Commerce, The Lemonhead Council and the Amana Mutual Fund. First National Corporation Announces Asset Quality Improvement and Second Quarter Earnings
PR Newswire - Fri Aug 02, 4:00PM CDT
First National Corporation (the "Company"
(OTCBB: FXNC), the parent company of First Bank (the "Bank" , reported its sixth consecutive profitable quarter and significant asset quality improvement over prior year. Net income for the quarter ending June 30, 2013 was $261 thousand compared to $694 thousand for the same period in 2012. Non-performing assets decreased 18% compared to one year ago and substandard loans declined 35% compared to one year ago. First National Corporation Earnings Increased Over 100% for First Quarter
PR Newswire - Wed Apr 24, 7:15PM CDT
First National Corporation (the "Company"
(OTCBB: FXNC), the parent company of First Bank (the "Bank" , reported net income of $1.0 million for the quarter ending March 31, 2013, compared to $475 thousand for the same period in 2012. Return on average assets improved to 0.75% compared to 0.36% for the first quarter of 2012. Return on average equity was 8.84% for the first quarter of 2013, up from 5.17% for the first quarter of 2012. After the effective dividend on preferred stock, net income available to common shareholders totaled $756 thousand or $0.15 per basic and diluted share for the first quarter of 2013, compared to $251 thousand, or $0.08 per basic and diluted share for the same period of 2012. 
