First Community Bankshares Completes Acquisition of Hometown Bancshares, Expanding West Virginia Presence

summarizeSummary

First Community Bankshares, Inc. announced the completion of its merger with Hometown Bancshares, Inc., significantly expanding its banking operations and deposit base in West Virginia.

check_boxKey Events

• Merger Finalized

  First Community Bankshares, Inc. completed its previously announced merger with Hometown Bancshares, Inc. and its wholly-owned subsidiary Union Bank, Inc., effective January 23, 2026.

• Share Exchange Terms

  Each outstanding share of Hometown common stock was converted into the right to receive 11.706 shares of First Community common stock, plus cash in lieu of fractional shares.

• Strategic Expansion

  The acquisition adds Hometown's eight branch locations and approximately $415 million in total assets, strengthening First Community's presence in West Virginia and the Parkersburg-Marietta-Vienna MSA.

• Enhanced Capabilities

  The combined entity is positioned for growth, offering increased scale, higher lending limits, and enhanced product and technology offerings to customers.

auto_awesomeAnalysis

This 8-K marks the successful conclusion of a significant strategic acquisition for First Community Bankshares, previously announced in July 2025. The integration of Hometown Bancshares and Union Bank, Inc. adds substantial assets and a strong deposit base, particularly in key West Virginia markets. This move is expected to bolster First Community's market position, enhance its operational scale, and provide a broader range of services to an expanded customer base, aligning with the company's long-term growth objectives.