First Natl Corp Strasburg Va (FXNC) 9.7000 $FXNC
First National Corporation Announces First Quarter Results
GlobeNewswire - Tue Apr 26, 7:00AM CDT
First National Corporation (the "Company" or "First National"
(OTC:FXNC) today reported earnings of $1.1 million and earnings per share of $0.22 for the quarter ended March 31, 2016, compared to $813 thousand or $0.17 per share for the fourth quarter of 2015, and $215 thousand or $0.04 per share for the first quarter of 2015.
First National Corporation Announces Fourth Quarter and Full Year Results
GlobeNewswire - Tue Jan 26, 6:35PM CST
First National Corporation (the "Company" or "First National" (OTC:FXNC) today reported earnings of $813 thousand and earnings per share of $0.17 for the quarter ended December 31, 2015, compared to $398 thousand or $0.08 per share for the third quarter of 2015, and $3.4 million or $0.68 per share for the fourth quarter of 2014. Earnings in the fourth quarter of 2014 were impacted by a $3.2 million recovery of loan losses during the period. For the year ended December 31, 2015, reported earnings totaled $1.5 million or $0.31 per share, compared to $6.5 million or $1.32 per share for the year ended December 31, 2014. Earnings for 2014 were impacted by a $3.9 million recovery of loan losses.
First National Corporation Redeems Preferred Stock
GlobeNewswire - Mon Nov 09, 11:41AM CST
First National Corporation (the "Company" (OTC:FXNC), the parent company of First Bank (the "Bank", today announced its redemption of all 13,900 shares of Series A preferred stock at par for $13.9 million and all 695 shares of Series B preferred stock at par for $695 thousand on November 6, 2015. The Company also paid accrued dividends through November 5, 2015, totaling $20.30 per share on both the Series A and Series B preferred stock. The Company was able to complete the previously-announced redemption on November 6, 2015 instead of the originally planned date of December 2, 2015.
First National Corporation Announces Plan to Redeem Preferred Stock
GlobeNewswire - Tue Nov 03, 5:00AM CST
First National Corporation (the "Company" (OTC:FXNC), the parent company of First Bank (the "Bank", today announced its plan to redeem all 13,900 shares of Series A preferred stock at par for $13.9 million and all 695 shares of Series B preferred stock at par for $695 thousand on December 2, 2015 (the "Redemption". The Series A and Series B preferred stock both have a 9.00% dividend rate.
First Bank to Celebrate Grand Opening of South Region Headquarters in Staunton
GlobeNewswire - Thu Oct 29, 9:14AM CDT
First Bank (OTCBB:FXNC) will celebrate the grand opening of the newly renovated South Region Headquarters at 1 West Frederick Street in Staunton on Thursday, October 29th from 10 am to 12:00/noon. First Bank entered the southern Shenandoah Valley market on April 17 of this year via the acquisition of six branches formerly operated by Bank of America. The First Bank South Region includes offices in Harrisonburg, Elkton, Staunton, Waynesboro, Dillwyn, and Farmville, Virginia. The region is led by Regional President Norman "Butch" Smiley, a well-known community leader and former community bank CEO in Staunton. First Bank employs 35 associates in the South Region, including an experienced team of commercial and mortgage lenders. According to the FDIC, as of June 30, 2015 First Bank had 5.38% of the deposit market share in Staunton and 9.48% of the deposit market share in Waynesboro. Total deposits for the South Region at June 30, 2015 were $143.2 million.
First National Corporation Announces Third Quarter Earnings
GlobeNewswire - Wed Oct 28, 2:49PM CDT
First National Corporation (the "Company" (OTC:FXNC), the parent company of First Bank (the "Bank", reported net income of $726 thousand, or $0.08 per basic and diluted share for the quarter ended September 30, 2015 compared to $1.2 million, or $0.19 per basic and diluted share for the same period of 2014. The current year results were impacted by higher noninterest expenses from the Bank's recent expansion.
CORRECTING and REPLACING -- First National Corporation Announces Second Quarter Earnings
GlobeNewswire - Mon Aug 03, 2:09PM CDT
In a release issued Friday, July 31, 2015 by First National Corporation (OTC:FXNC), please be advised that the "Legal and professional fees" line was omitted from the first table. The complete corrected text follows:
First National Corporation Announces Second Quarter Earnings
GlobeNewswire - Fri Jul 31, 6:45AM CDT
First National Corporation (the "Company" (OTC:FXNC), the parent company of First Bank (the "Bank", reported net income of $444 thousand, or $0.03 per basic and diluted share, for the quarter ended June 30, 2015. Net income for the quarter was impacted by $458 thousand of one-time expenses and increased operating costs related to the acquisition of six branch banking operations. The branch acquisition was completed on April 17 and included the assumption of $186 million in deposit liabilities along with certain assets.
Photo Release -- Dysart Named President and Chief Operating Officer of First Bank
GlobeNewswire - Mon Jul 06, 8:25AM CDT
First National Corporation (the "Company" (OTC Pink:FXNC), the parent company of First Bank (the "Bank", announced today that Dennis A. Dysart has been named President and Chief Operating Officer (COO) of the Bank. Most recently, Dennis A. Dysart served as Senior Executive Vice President and Chief Operating Officer of First Bank. Prior to that, Mr. Dysart served as Chief Credit Officer from April 2012 to August 2014, Chief Operating Officer from May 2011 to March 2012, Interim Chief Executive Officer from January 2011 to May 2011, and Executive Vice President - Chief Administrative Officer of the Bank from 2005 to March 2011. Mr. Dysart has been employed by the Bank since 1993.
Photo Release -- Smiley Joins First National Corporation to Lead South Region
GlobeNewswire - Tue May 26, 2:44PM CDT
First National Corporation (the "Company" (OTC Pink:FXNC), the parent company of First Bank (the "Bank", announced today that Norman C. (Butch) Smiley, III has joined the Bank as Regional President of the newly formed South Region following the Bank's acquisition of six branches from Bank of America. The Bank acquired branches in Staunton, Dillwyn, Elkton, Farmville, Waynesboro and Woodstock. Butch most recently served as the President & CEO of Community Bank in Staunton, prior to being acquired in 2013. Butch began his banking career in 1982 and has served in numerous officer roles, including Chief Lending Officer. He brings a wealth of financial expertise, market knowledge, leadership and community banking values to the Company. Butch resides in Staunton, where he is actively engaged in numerous community and non-profit associations. Butch will be working at the Company's newly established Staunton Regional Headquarters, which will be undergoing renovations over the next several months.
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.
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.
First National Corporation Announces First Quarter Results
GlobeNewswire - Tue Apr 26, 7:00AM CDT
First National Corporation (the "Company" or "First National"
(OTC:FXNC) today reported earnings of $1.1 million and earnings per share of $0.22 for the quarter ended March 31, 2016, compared to $813 thousand or $0.17 per share for the fourth quarter of 2015, and $215 thousand or $0.04 per share for the first quarter of 2015. First National Corporation Announces Fourth Quarter and Full Year Results
GlobeNewswire - Tue Jan 26, 6:35PM CST
First National Corporation (the "Company" or "First National"
(OTC:FXNC) today reported earnings of $813 thousand and earnings per share of $0.17 for the quarter ended December 31, 2015, compared to $398 thousand or $0.08 per share for the third quarter of 2015, and $3.4 million or $0.68 per share for the fourth quarter of 2014. Earnings in the fourth quarter of 2014 were impacted by a $3.2 million recovery of loan losses during the period. For the year ended December 31, 2015, reported earnings totaled $1.5 million or $0.31 per share, compared to $6.5 million or $1.32 per share for the year ended December 31, 2014. Earnings for 2014 were impacted by a $3.9 million recovery of loan losses. First National Corporation Redeems Preferred Stock
GlobeNewswire - Mon Nov 09, 11:41AM CST
First National Corporation (the "Company"
(OTC:FXNC), the parent company of First Bank (the "Bank", today announced its redemption of all 13,900 shares of Series A preferred stock at par for $13.9 million and all 695 shares of Series B preferred stock at par for $695 thousand on November 6, 2015. The Company also paid accrued dividends through November 5, 2015, totaling $20.30 per share on both the Series A and Series B preferred stock. The Company was able to complete the previously-announced redemption on November 6, 2015 instead of the originally planned date of December 2, 2015. First National Corporation Announces Plan to Redeem Preferred Stock
GlobeNewswire - Tue Nov 03, 5:00AM CST
First National Corporation (the "Company"
(OTC:FXNC), the parent company of First Bank (the "Bank", today announced its plan to redeem all 13,900 shares of Series A preferred stock at par for $13.9 million and all 695 shares of Series B preferred stock at par for $695 thousand on December 2, 2015 (the "Redemption". The Series A and Series B preferred stock both have a 9.00% dividend rate. First Bank to Celebrate Grand Opening of South Region Headquarters in Staunton
GlobeNewswire - Thu Oct 29, 9:14AM CDT
First Bank (OTCBB:FXNC) will celebrate the grand opening of the newly renovated South Region Headquarters at 1 West Frederick Street in Staunton on Thursday, October 29th from 10 am to 12:00/noon. First Bank entered the southern Shenandoah Valley market on April 17 of this year via the acquisition of six branches formerly operated by Bank of America. The First Bank South Region includes offices in Harrisonburg, Elkton, Staunton, Waynesboro, Dillwyn, and Farmville, Virginia. The region is led by Regional President Norman "Butch" Smiley, a well-known community leader and former community bank CEO in Staunton. First Bank employs 35 associates in the South Region, including an experienced team of commercial and mortgage lenders. According to the FDIC, as of June 30, 2015 First Bank had 5.38% of the deposit market share in Staunton and 9.48% of the deposit market share in Waynesboro. Total deposits for the South Region at June 30, 2015 were $143.2 million.
First National Corporation Announces Third Quarter Earnings
GlobeNewswire - Wed Oct 28, 2:49PM CDT
First National Corporation (the "Company"
(OTC:FXNC), the parent company of First Bank (the "Bank", reported net income of $726 thousand, or $0.08 per basic and diluted share for the quarter ended September 30, 2015 compared to $1.2 million, or $0.19 per basic and diluted share for the same period of 2014. The current year results were impacted by higher noninterest expenses from the Bank's recent expansion. CORRECTING and REPLACING -- First National Corporation Announces Second Quarter Earnings
GlobeNewswire - Mon Aug 03, 2:09PM CDT
In a release issued Friday, July 31, 2015 by First National Corporation (OTC:FXNC), please be advised that the "Legal and professional fees" line was omitted from the first table. The complete corrected text follows:
First National Corporation Announces Second Quarter Earnings
GlobeNewswire - Fri Jul 31, 6:45AM CDT
First National Corporation (the "Company"
(OTC:FXNC), the parent company of First Bank (the "Bank", reported net income of $444 thousand, or $0.03 per basic and diluted share, for the quarter ended June 30, 2015. Net income for the quarter was impacted by $458 thousand of one-time expenses and increased operating costs related to the acquisition of six branch banking operations. The branch acquisition was completed on April 17 and included the assumption of $186 million in deposit liabilities along with certain assets. Photo Release -- Dysart Named President and Chief Operating Officer of First Bank
GlobeNewswire - Mon Jul 06, 8:25AM CDT
First National Corporation (the "Company"
(OTC Pink:FXNC), the parent company of First Bank (the "Bank", announced today that Dennis A. Dysart has been named President and Chief Operating Officer (COO) of the Bank. Most recently, Dennis A. Dysart served as Senior Executive Vice President and Chief Operating Officer of First Bank. Prior to that, Mr. Dysart served as Chief Credit Officer from April 2012 to August 2014, Chief Operating Officer from May 2011 to March 2012, Interim Chief Executive Officer from January 2011 to May 2011, and Executive Vice President - Chief Administrative Officer of the Bank from 2005 to March 2011. Mr. Dysart has been employed by the Bank since 1993. Photo Release -- Smiley Joins First National Corporation to Lead South Region
GlobeNewswire - Tue May 26, 2:44PM CDT
First National Corporation (the "Company"
(OTC Pink:FXNC), the parent company of First Bank (the "Bank", announced today that Norman C. (Butch) Smiley, III has joined the Bank as Regional President of the newly formed South Region following the Bank's acquisition of six branches from Bank of America. The Bank acquired branches in Staunton, Dillwyn, Elkton, Farmville, Waynesboro and Woodstock. Butch most recently served as the President & CEO of Community Bank in Staunton, prior to being acquired in 2013. Butch began his banking career in 1982 and has served in numerous officer roles, including Chief Lending Officer. He brings a wealth of financial expertise, market knowledge, leadership and community banking values to the Company. Butch resides in Staunton, where he is actively engaged in numerous community and non-profit associations. Butch will be working at the Company's newly established Staunton Regional Headquarters, which will be undergoing renovations over the next several months. 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. 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. 
