{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-22-027708","form_type":"8-K","ticker":"FCBC","cik":"0000859070","company_name":"FIRST COMMUNITY BANKSHARES INC /VA/","filed_at":"2022-11-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.769542+00:00","generated_at":"2026-06-21T16:17:39.466637+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"First Community Bankshares to acquire Surrey Bancorp for ~$113.2M in stock","bullets":["Surrey shareholders to receive 0.7159 FCBC shares per Surrey share, valued at $26.95/share.","Surrey Bank & Trust has ~$500M assets; combined entity >$3.6B in assets across four states.","Transaction expected to close in Q2 2023; minimally dilutive to TBV, mid-single digit EPS accretion.","Two Surrey board members to join First Community Bank board; key executives including Peter Pequeno to join."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-22-027708","json":"https://secwatch.observer/filing/0001437749-22-027708.json","markdown":"https://secwatch.observer/filing/0001437749-22-027708.md","text":"https://secwatch.observer/filing/0001437749-22-027708.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/859070/000143774922027708/0001437749-22-027708-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/859070/000143774922027708/fcbc20221117_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T16:17:39.466637+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":"41db74f973973f13227908821c7be451a1c8ec91","claim":"FIRST COMMUNITY BANKSHARES INC /VA/ entered into Agreement and Plan of Merger with Surrey Bancorp valued at approximately $113.20 million (effective 2022-11-17).","evidence_excerpt":"On November 17, 2022, First Community Bankshares, Inc. (“First Community”) entered into an Agreement and Plan of Merger (the “Agreement”) with Surrey Bancorp (“Surrey”), a North Carolina corporation headquartered in Mt. Airy, North Carolina under which First Community will acquire Surrey for a total valuation of approximately $113.20 million based on First Community’s recent 10-day volume-weighted average price.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/859070/000143774922027708/0001437749-22-027708-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Surrey Bancorp"},{"label":"Value","value":"approximately $113.20 million"},{"label":"Effective","value":"2022-11-17"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}