First Community Bankshares, Inc. Completes Acquisition of Hometown Bancshares, Inc.

Core Viewpoint - First Community Bankshares, Inc. has successfully completed the acquisition of Hometown Bancshares, Inc. and its subsidiary Union Bank, effective January 23, 2026, enhancing its market presence in West Virginia [1][2][3] Group 1: Acquisition Details - The merger includes the integration of Union Bank into First Community Bank, with Hometown's eight branch locations rebranded as First Community Bank branches starting January 26, 2026 [2] - Hometown's shareholders will receive 11.706 shares of First Community common stock for each share of Hometown common stock as part of the merger agreement [2] Group 2: Strategic Rationale - The acquisition aligns with First Community's strategy to grow low-cost core deposits and expand its footprint in the Parkersburg-Marietta-Vienna MSA, leveraging its 150-year history in community banking [3] - The partnership is expected to strengthen First Community's banking franchise in West Virginia, providing benefits such as a stronger deposit base and enhanced product offerings for Union's customers [4] Group 3: Financial Overview - As of December 2025, Hometown had approximately $415 million in total assets, $172 million in total loans, and $376 million in total deposits, indicating a solid financial foundation for the merger [5] - First Community Bankshares reported consolidated assets of $3.26 billion as of December 31, 2025, with its wealth management division managing $1.79 billion in combined assets [6]