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]

Core Insights - First National Corporation has appointed Chris Layne as Senior Vice President, Regional Market Executive for Richmond, responsible for business banking and development in the area [1][3][4] Company Overview - First National Corporation (NASDAQ: FXNC) is the parent company of First Bank, a community bank established in 1907, offering various loan and deposit products through multiple channels including a website, mobile banking, and 33 branch locations [7] Leadership and Experience - Chris Layne brings over 20 years of experience in commercial banking and operational transformation, with a strong background in the Richmond market [3][4] - He holds a Bachelor of Arts in Business Administration and an MBA, and is a graduate of the ABA Stonier Graduate School of Banking [3] Community Engagement - Chris Layne is a veteran of the United States Air Force and is actively involved in community service, holding positions on various boards and organizations [5] - He co-founded TEAM KRL, a nonprofit aimed at mentoring youth from low-to-moderate income backgrounds [5] Strategic Focus - Chris Layne aims to enhance customer relationships and deliver high-quality service, focusing on the unique needs of businesses and individuals in the Richmond market [6]