other material
confidence high
sentiment neutral
materiality 0.55
First Community Bankshares sells Emporia, VA branch to Benchmark Community Bank
FIRST COMMUNITY BANKSHARES INC /VA/
- Sale includes branch real estate, personal property, and all deposits (but not loans).
- Transaction subject to regulatory approval and customary closing conditions.
- Expected to close by end of 2022, enabling both banks to focus on core markets.
- First Community Bank retains its other branches; move removes a geographically distant branch.