First National Corporation
NASDAQ Capital MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Scott C. Harvard
- Full Time Employees
- 308
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 112 West King Street Strasburg VA United States of America 22657
- IPO Date
- Jan 14, 1999
- CIK
- 0000719402
- Website
- fbvirginia.com
- Similar Companies
- Business
- First National Corporation (NASDAQ: FXNC) is a bank holding company for First Bank, a community bank that provides a range of commercial and retail banking services to small and medium-sized businesses, individuals, estates, local governmental entities, and non-profit organizations primarily in Virginia and North Carolina. The company offers deposit products including checking accounts, savings accounts, money market accounts, individual retirement accounts, certificates of deposit, and treasury management solutions; loan products comprising construction loans for residential, land acquisition, and development purposes, 1-4 family residential real estate loans, commercial real estate loans secured by multi-family residential buildings, industrial and warehouse properties, hotels, and religious facilities, commercial and industrial loans, home equity loans, and consumer loans such as lines of credit, automobile loans, and unsecured loans; wealth management services encompassing estate planning, investment management, trusteeships under agreements or wills, and estate settlement; title insurance and investment services; and digital banking solutions including internet banking, mobile banking, remote deposit capture, and other traditional banking services. First National Corporation maintains 33 branch offices across the Shenandoah Valley, Roanoke Valley, central and south-central Virginia, Richmond, and northern North Carolina, supplemented by three loan production offices, a network of ATMs, and a customer service center. Founded in 1907 and headquartered in Strasburg, Virginia, the company operates First Bank Wealth Management as a division and owns First Bank Financial Services, Inc., which holds an interest in a title insurance entity. In October 2024, First National Corporation completed its acquisition of Touchstone Bankshares, Inc., merging Touchstone Bank into First Bank and expanding its footprint with additional branches operating initially as Touchstone Bank divisions in Virginia and North Carolina pending full systems integration in February 2025, resulting in a combined pro forma balance sheet of approximately $2.1 billion in assets, $1.5 billion in loans, and $1.8 billion in deposits as of late 2024.
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