{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-21-016156","form_type":"8-K","ticker":"FXNC","cik":"0000719402","company_name":"FIRST NATIONAL CORP /VA/","filed_at":"2021-07-01T23:59:59+00:00","discovered_at":"2026-05-14T18:04:20.594113+00:00","generated_at":"2026-06-30T08:16:23.447846+00:00","sec_items":["2.01","5.02","5.03","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"First National completes acquisition of The Bank of Fincastle for stock and cash","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-21-016156","json":"https://secwatch.observer/filing/0001437749-21-016156.json","markdown":"https://secwatch.observer/filing/0001437749-21-016156.md","text":"https://secwatch.observer/filing/0001437749-21-016156.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/719402/000143774921016156/0001437749-21-016156-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/719402/000143774921016156/fxnc20210630_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-30T08:16:23.447846+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2ca65e17da","claim":"C. Ray Sprinkle was appointed as Director at FIRST NATIONAL CORP /VA/.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/719402/000143774921016156/0001437749-21-016156-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"5f5c9cba66","claim":"George Edwin Holt, III was appointed as Director at FIRST NATIONAL CORP /VA/.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/719402/000143774921016156/0001437749-21-016156-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"faab5a40f8","claim":"Kirtesh Patel was appointed as Director at FIRST NATIONAL CORP /VA/.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/719402/000143774921016156/0001437749-21-016156-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}