First National Corporation Completes Acquisition of Touchstone Bankshares, Inc.
First National Corporation (FXNC)
NASDAQ:AMEX Investor Relations:
ir.fbvirginia.com
Company Research
Source: GlobeNewswire
STRASBURG, Va., Oct. 01, 2024 (GLOBE NEWSWIRE) -- First National Corporation (NASDAQ: FXNC) (the “Company” or “First National”), the one-bank holding company of First Bank, announced today that it has completed the acquisition by merger of Touchstone Bankshares, Inc. (“Touchstone”) effective October 1, 2024 (the “Merger”). Immediately following the Merger, Touchstone Bank, the wholly owned subsidiary of Touchstone Bankshares, Inc., was merged with and into First Bank. Pursuant to the previously announced terms of the Merger, each outstanding share of Touchstone Bankshares, Inc. common stock and preferred stock (on an as-converted, one-for-one basis, which shares of preferred stock converted automatically to common stock at the effective time of the Merger) is entitled to receive 0.8122 shares of First National Corporation’s common stock. Following the Merger, the former branches of Touchstone Bank assumed in the Merger will continue to operate in Virginia as Touchstone Bank, a divi
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News
- This 6.3% Dividend Stock Pays Cash Every Month [Yahoo! Finance Canada]Yahoo! Finance Canada
- Touchstone Bankshares, Inc. Declares Pro Rata Annual Cash Dividend in Anticipation of the Proposed Merger with First National CorporationPR Newswire
- FIRST NATIONAL FINANCIAL CORPORATION ANNOUNCES SEPTEMBER DIVIDEND INFORMATION [Yahoo! Finance]Yahoo! Finance
- Canada Revenue Agency: 3 Essential Tax Breaks Canadians Shouldn't Overlook [Yahoo! Finance Canada]Yahoo! Finance Canada
- First National Corporation and Touchstone Bankshares, Inc. Announce Receipt of Shareholders Approvals for MergerGlobeNewswire
FXNC
Earnings
- 7/31/24 - Beat
FXNC
Sec Filings
- 10/4/24 - Form 4
- 10/4/24 - Form 3
- 10/3/24 - Form 4
- FXNC's page on the SEC website