{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-009432","form_type":"8-K","ticker":"FXNC","cik":"0000719402","company_name":"FIRST NATIONAL CORP /VA/","filed_at":"2024-03-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.745096+00:00","generated_at":"2026-06-04T08:12:01.408677+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"First National to acquire Touchstone Bankshares for ~$47M in stock; 36% EPS accretion","bullets":["All-stock merger: Touchstone shareholders get 0.8122 FXNC shares per TSBA share, valued at ~$14.25/share.","Combined pro forma assets ~$2.1B, deposits ~$1.8B, loans ~$1.5B; 30 branches in VA, 2 in NC.","Expected ~36% EPS accretion in year 1; TBV dilution earn-back ~3.0 years.","Anticipated cost synergies of ~$7.2M (35% of Touchstone noninterest expense).","Transaction approved by both boards; expected close Q4 2024 subject to shareholder and regulatory approvals."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-009432","json":"https://secwatch.observer/filing/0001437749-24-009432.json","markdown":"https://secwatch.observer/filing/0001437749-24-009432.md","text":"https://secwatch.observer/filing/0001437749-24-009432.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/719402/000143774924009432/0001437749-24-009432-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/719402/000143774924009432/fxnc20240322_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T08:12:01.408677+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}