secwatch.observer — SEC 8-K summary
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Issuer:     FIRST COMMUNITY BANKSHARES INC /VA/ (FCBC)
CIK:        0000859070
Form:       8-K
Filed at:   2023-04-24T23:59:59+00:00
Accession:  0001437749-23-010881
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 2.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/859070/000143774923010881/0001437749-23-010881-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/859070/000143774923010881/fcbc20230421_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-010881

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