secwatch.observer — SEC 8-K summary
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Issuer:     FIRST COMMUNITY BANKSHARES INC /VA/ (FCBC)
CIK:        0000859070
Form:       8-K
Filed at:   2022-11-18T23:59:59+00:00
Accession:  0001437749-22-027708
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Community Bankshares to acquire Surrey Bancorp for ~$113.2M in stock
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/859070/000143774922027708/0001437749-22-027708-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/859070/000143774922027708/fcbc20221117_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-027708

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer