FIRST COMMUNITY BANKSHARES INC /VA/ (FCBC): M&A transaction — First Community Bankshares completes acquisition of Surrey Bancorp (7 branches, $482M assets)

FIRST COMMUNITY BANKSHARES INC /VA/

Effective April 21, 2023; Surrey shareholders to receive 0.7159 FCBC shares per Surrey share.
Surrey Bank & Trust had $482M in assets, $253M in loans, and $414M in deposits as of March 2023.
Seven Surrey branches in NC and VA will open as First Community Bank branches on April 24, 2023.
CEO William Stafford cites expanded presence in NW North Carolina and small business resources.
Surrey CEO Ted Ashby notes pride in 27-year history and confidence in First Community as partner.

item 2.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

FIRST COMMUNITY BANKSHARES INC /VA/ completed an acquisition involving Surrey Bancorp (closed 2023-04-21).

Action: acquisition
Counterparty: Surrey Bancorp
Closing: 2023-04-21

Exact text from the filing

Effective as of 5:01 p.m. on April 21, 2023 (the “Effective Time”), First Community Bankshares, Inc. (‘First Community”) completed its previously announced merger (the “Merger”) with Surrey Bancorp

View on SEC.gov

Browse all m&a transactions →

FIRST COMMUNITY BANKSHARES INC /VA/ filing history →

Source: SEC EDGAR

accession 0001437749-23-010881

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.