---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-010881"
form_type: "8-K"
ticker: "FCBC"
cik: "0000859070"
company_name: "FIRST COMMUNITY BANKSHARES INC /VA/"
filed_at: "2023-04-24T23:59:59+00:00"
generated_at: "2026-06-16T20:38:52.769735+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# First Community Bankshares completes acquisition of Surrey Bancorp (7 branches, $482M assets)

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-010881
- form_type: 8-K
- ticker: FCBC
- cik: 0000859070
- company_name: FIRST COMMUNITY BANKSHARES INC /VA/
- filed_at: 2023-04-24T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/859070/000143774923010881/0001437749-23-010881-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/859070/000143774923010881/fcbc20230421_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-010881
- JSON: https://secwatch.observer/filing/0001437749-23-010881.json
- Plain text: https://secwatch.observer/filing/0001437749-23-010881.txt

## Key facts
- M&A Transactions
  FIRST COMMUNITY BANKSHARES INC /VA/ completed an acquisition involving Surrey Bancorp (closed 2023-04-21).
  - Action: acquisition
  - Counterparty: Surrey Bancorp
  - Closing: 2023-04-21
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/859070/000143774923010881/0001437749-23-010881-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.