First National Corporation Announces 9.7% Increase in Quarterly Cash Dividends

Core Points - First National Corporation announced a quarterly cash dividend of $0.17 per share, reflecting a 9.7% increase from the previous dividend of $0.155 per share [1] - The increase in dividends is attributed to the company's strong financial performance, with a consistent annual cash dividend payout increase over the past ten years [2] Company Overview - First National Corporation is the parent company of First Bank, a community bank established in 1907 in Strasburg, Virginia [3] - The Bank provides a range of loan and deposit products and services through various platforms, including mobile banking, ATMs, and multiple branch locations across Virginia and northern North Carolina [3] - In addition to traditional banking services, the Bank operates a wealth management division and owns an interest in a title insurance services entity through First Bank Financial Services, Inc. [3]