First National completes acquisition of The Bank of Fincastle for stock and cash

FIRST NATIONAL CORP /VA/

Each Fincastle share converts to 0.1649 FXNC shares or $3.30 cash (80% stock, 20% cash).
Combined pro-forma assets ~$1.2B, loans $868M, deposits $1.1B at Dec 31, 2020.
Three former Fincastle directors (Holt, Sprinkle, Patel) appointed to First National board.
Fincastle branches to operate as division of First Bank until systems integration in October 2021.

item 2.01 item 5.02 item 5.03 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

C. Ray Sprinkle

Director

FXNC · FIRST NATIONAL CORP /VA/

Effective: 2021-07-01
Filed: July 1, 2021, 7:59 PM ET

Effective July 1, 2021, the Company’s board of directors increased in size from eight to 11 directors and Messrs. George Edwin Holt, III, C. Ray Sprinkle, and Kirtesh Patel, each a former director of Fincastle, were appointed as directors of the Company, to fill the resulting vacancies on the board.

Appointed

George Edwin Holt, III

Director

FXNC · FIRST NATIONAL CORP /VA/

Effective: 2021-07-01
Filed: July 1, 2021, 7:59 PM ET

Effective July 1, 2021, the Company’s board of directors increased in size from eight to 11 directors and Messrs. George Edwin Holt, III, C. Ray Sprinkle, and Kirtesh Patel, each a former director of Fincastle, were appointed as directors of the Company, to fill the resulting vacancies on the board.

Appointed

Kirtesh Patel

Director

FXNC · FIRST NATIONAL CORP /VA/

Effective: 2021-07-01
Filed: July 1, 2021, 7:59 PM ET

Effective July 1, 2021, the Company’s board of directors increased in size from eight to 11 directors and Messrs. George Edwin Holt, III, C. Ray Sprinkle, and Kirtesh Patel, each a former director of Fincastle, were appointed as directors of the Company, to fill the resulting vacancies on the board.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

C. Ray Sprinkle was appointed as Director at FIRST NATIONAL CORP /VA/.

Action: appointed
Role: Director

Exact text from the filing

Effective July 1, 2021, the Company’s board of directors increased in size from eight to 11 directors and Messrs. George Edwin Holt, III, C. Ray Sprinkle, and Kirtesh Patel, each a former director of Fincastle, were appointed as directors of the Company, to fill the resulting vacancies on the board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

George Edwin Holt, III was appointed as Director at FIRST NATIONAL CORP /VA/.

Action: appointed
Role: Director

Exact text from the filing

Effective July 1, 2021, the Company’s board of directors increased in size from eight to 11 directors and Messrs. George Edwin Holt, III, C. Ray Sprinkle, and Kirtesh Patel, each a former director of Fincastle, were appointed as directors of the Company, to fill the resulting vacancies on the board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Kirtesh Patel was appointed as Director at FIRST NATIONAL CORP /VA/.

Action: appointed
Role: Director

Exact text from the filing

Effective July 1, 2021, the Company’s board of directors increased in size from eight to 11 directors and Messrs. George Edwin Holt, III, C. Ray Sprinkle, and Kirtesh Patel, each a former director of Fincastle, were appointed as directors of the Company, to fill the resulting vacancies on the board.

View on SEC.gov

FIRST NATIONAL CORP /VA/ filing history →

Source: SEC EDGAR

accession 0001437749-21-016156

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