First Community Bancshares, Inc. has received regulatory approval from the Virginia State Corporation Commission Bureau of Financial Institutions for the merger of Union Bank, a subsidiary of Hometown Bancshares, Inc., into First Community Bank, a subsidiary of First Community Bancshares. This approval satisfies the final regulatory condition required for the merger of Hometown Bancshares with and into First Community Bancshares, as outlined in their previously announced agreement. The transaction is expected to close during the first quarter of 2026, pending the satisfaction or waiver of remaining customary closing conditions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Community Bancshares Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-25-039039), on December 31, 2025, and is solely responsible for the information contained therein.