First Natl Corp Strasburg Va (FXNC) 9.2800 $FXNC
First National Corporation Announces Completion of Six Branch Acquisition and First Quarter Earnings
GlobeNewswire - Thu Apr 30, 8:56AM CDT
First National Corporation (the "Company"
(OTCQB:FXNC), the parent company of First Bank (the "Bank", announced the completion of the acquisition of certain assets and the assumption of $188 million in deposit liabilities from six branch banking operations of Bank of America on April 17, 2015. The Company also reported earnings for the first quarter of 2015. Net income for the quarter totaled $544 thousand, and earnings per basic and diluted share totaled $0.04 for the three months ended March 31, 2015. Earnings for the quarter included the impact of one-time acquisition expenses, as well as increased expenses related to higher staffing levels to support the 35% balance sheet expansion.
First National Corporation's First Bank Announces Completion of Six Branch Acquisition
GlobeNewswire - Mon Apr 20, 2:40PM CDT
First National Corporation (the "Company" (OTCQB:FXNC), the parent company of First Bank (the "Bank", announced today the Bank has successfully completed the acquisition of six Bank of America branches in Dillwyn, Farmville, Waynesboro, Staunton, Elkton, and Woodstock, Virginia. The acquisition will add six additional branch offices and ATMs to the Company's footprint.
First National Corporation Announces Fourth Quarter and Annual Earnings
GlobeNewswire - Thu Jan 29, 1:04PM CST
First National Corporation (the "Company" (OTCQB:FXNC), the parent company of First Bank (the "Bank", reported annual and quarterly earnings. Net income totaled $7.6 million and net income available to common shareholders totaled $6.5 million, or $1.32 per basic and diluted share, for the year ended December 31, 2014. For the fourth quarter, net income totaled $3.7 million and net income available to common shareholders totaled $3.4 million, or $0.68 per basic and diluted share.
First Bank Awarded Best Places to Work in Virginia for 2015
GlobeNewswire - Thu Jan 29, 9:58AM CST
First National Corporation (OTCQB:FXNC) announced today that its wholly owned bank subsidiary, First Bank (the "Bank", was named as one of the 2015 Best Places to Work in Virginia by Virginia Business Magazine.
First National to Acquire 6 Branch Locations from BofA - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Nov 20, 3:41PM CST
In an attempt to further expand its banking franchise in the Virginia markets, First National(FXNC) has inked a deal to acquire the banking operations of six locations from Bank of America (BAC).
BOKF: 64.97 (+0.82), HBAN: 11.26 (+0.18), BAC: 16.51 (+0.16)
First National Corporation's First Bank to Acquire Six Branches
GlobeNewswire - Wed Nov 19, 7:41AM CST
First National Corporation (the "Company" (OTCQB:FXNC) the holding company for First Bank (the "Bank", announced today the signing of an agreement under which the Bank will acquire the branch banking operations of six locations in the Shenandoah Valley and central Virginia regions from Bank of America. The acquired branches in the Shenandoah Valley region are located in Woodstock, Elkton, Staunton and Waynesboro, and the acquired branches in the central Virginia region are located in Dillwyn and Farmville. The transaction will add an estimated $308 million of deposits to the balance sheet of First Bank. The Bank expects the purchase to be completed in the second quarter of 2015, following approval by regulators and satisfaction of customary closing conditions. First Bank intends to hire all current employees of the acquired branches and will take great care to assure a smooth customer service transition.
Photo Release -- Smith/McGloon Join First National Corporation to Open New Harrisonburg Loan Production Office
GlobeNewswire - Mon Nov 03, 5:30PM CST
First National Corporation (the "Company" (OTCBB:FXNC), the parent company of First Bank (the "Bank", announced today the opening of a new Loan Production Office in Harrisonburg, Virginia. The new office will offer commercial and mortgage lending services. The Company is excited to have recruited two seasoned banking professionals in the Harrisonburg market, including Jeffery R. "Jeff" Smith, Vice President/Business Development Officer and Thomas M. "Tom" McGloon, Vice President/Mortgage Loan Officer of the First Mortgage Division.
First National Corporation Announces Third Quarter Net Income of $1.2 Million
GlobeNewswire - Wed Oct 29, 6:00AM CDT
First National Corporation (the "Company" (OTCBB:FXNC), the parent company of First Bank (the "Bank", reported earnings of $1.2 million, or $0.19 per basic and diluted share, for the quarter ended September 30, 2014.
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.
First National Corporation Announces Completion of Six Branch Acquisition and First Quarter Earnings
GlobeNewswire - Thu Apr 30, 8:56AM CDT
First National Corporation (the "Company"
(OTCQB:FXNC), the parent company of First Bank (the "Bank", announced the completion of the acquisition of certain assets and the assumption of $188 million in deposit liabilities from six branch banking operations of Bank of America on April 17, 2015. The Company also reported earnings for the first quarter of 2015. Net income for the quarter totaled $544 thousand, and earnings per basic and diluted share totaled $0.04 for the three months ended March 31, 2015. Earnings for the quarter included the impact of one-time acquisition expenses, as well as increased expenses related to higher staffing levels to support the 35% balance sheet expansion. First National Corporation's First Bank Announces Completion of Six Branch Acquisition
GlobeNewswire - Mon Apr 20, 2:40PM CDT
First National Corporation (the "Company"
(OTCQB:FXNC), the parent company of First Bank (the "Bank", announced today the Bank has successfully completed the acquisition of six Bank of America branches in Dillwyn, Farmville, Waynesboro, Staunton, Elkton, and Woodstock, Virginia. The acquisition will add six additional branch offices and ATMs to the Company's footprint. First National Corporation Announces Fourth Quarter and Annual Earnings
GlobeNewswire - Thu Jan 29, 1:04PM CST
First National Corporation (the "Company"
(OTCQB:FXNC), the parent company of First Bank (the "Bank", reported annual and quarterly earnings. Net income totaled $7.6 million and net income available to common shareholders totaled $6.5 million, or $1.32 per basic and diluted share, for the year ended December 31, 2014. For the fourth quarter, net income totaled $3.7 million and net income available to common shareholders totaled $3.4 million, or $0.68 per basic and diluted share. First Bank Awarded Best Places to Work in Virginia for 2015
GlobeNewswire - Thu Jan 29, 9:58AM CST
First National Corporation (OTCQB:FXNC) announced today that its wholly owned bank subsidiary, First Bank (the "Bank"
, was named as one of the 2015 Best Places to Work in Virginia by Virginia Business Magazine. First National to Acquire 6 Branch Locations from BofA - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Nov 20, 3:41PM CST
In an attempt to further expand its banking franchise in the Virginia markets, First National(FXNC) has inked a deal to acquire the banking operations of six locations from Bank of America (BAC).
BOKF: 64.97 (+0.82), HBAN: 11.26 (+0.18), BAC: 16.51 (+0.16)
First National Corporation's First Bank to Acquire Six Branches
GlobeNewswire - Wed Nov 19, 7:41AM CST
First National Corporation (the "Company"
(OTCQB:FXNC) the holding company for First Bank (the "Bank", announced today the signing of an agreement under which the Bank will acquire the branch banking operations of six locations in the Shenandoah Valley and central Virginia regions from Bank of America. The acquired branches in the Shenandoah Valley region are located in Woodstock, Elkton, Staunton and Waynesboro, and the acquired branches in the central Virginia region are located in Dillwyn and Farmville. The transaction will add an estimated $308 million of deposits to the balance sheet of First Bank. The Bank expects the purchase to be completed in the second quarter of 2015, following approval by regulators and satisfaction of customary closing conditions. First Bank intends to hire all current employees of the acquired branches and will take great care to assure a smooth customer service transition. Photo Release -- Smith/McGloon Join First National Corporation to Open New Harrisonburg Loan Production Office
GlobeNewswire - Mon Nov 03, 5:30PM CST
First National Corporation (the "Company"
(OTCBB:FXNC), the parent company of First Bank (the "Bank", announced today the opening of a new Loan Production Office in Harrisonburg, Virginia. The new office will offer commercial and mortgage lending services. The Company is excited to have recruited two seasoned banking professionals in the Harrisonburg market, including Jeffery R. "Jeff" Smith, Vice President/Business Development Officer and Thomas M. "Tom" McGloon, Vice President/Mortgage Loan Officer of the First Mortgage Division. First National Corporation Announces Third Quarter Net Income of $1.2 Million
GlobeNewswire - Wed Oct 29, 6:00AM CDT
First National Corporation (the "Company"
(OTCBB:FXNC), the parent company of First Bank (the "Bank", reported earnings of $1.2 million, or $0.19 per basic and diluted share, for the quarter ended September 30, 2014. 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. 
