FIRST COMMUNITY BANKSHARES INC /VA/ 8-K

What Happened

• First Community Bankshares, Inc. (the Company) announced on December 30, 2025 that the Commonwealth of Virginia State Corporation Commission Bureau of Financial Institutions (BFI) approved the merger of Union Bank, Inc. (a Hometown Bancshares, Inc. subsidiary) into First Community Bank (the Bank).
• The approval satisfies the final regulatory condition under the Agreement and Plan of Merger dated July 19, 2025 between the Company and Hometown Bancshares, Inc. Completion remains subject to the satisfaction or waiver of other customary closing conditions.

Key Details

• BFI approval date: December 30, 2025.
• Merger governed by Merger Agreement dated July 19, 2025.
• Approval is the final regulatory condition required to complete the Merger.
• Transaction is currently expected to close during the first quarter of 2026, subject to remaining closing conditions.

Why It Matters

• This regulatory approval brings the Company one step closer to completing its announced acquisition of Hometown Bancshares (and the related Union Bank integration). For investors, that means the timing of the deal closing is now primarily dependent on customary closing steps rather than regulatory consent. The expected Q1 2026 close may affect the Company’s future scale, operations, and reported results once consummated.