---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-015281"
form_type: "8-K"
ticker: "FCBC"
cik: "0000859070"
company_name: "FIRST COMMUNITY BANKSHARES INC /VA/"
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T14:53:06.708917+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# First Community Bankshares agrees to $4.8M settlement over overdraft fee class action

## Summary
- Settlement establishes a $4.8 million fund and forgives up to $500,000 in unpaid fees.
- Lawsuit alleged improper overdraft and NSF fees on debit card transactions.
- Bank admits no wrongdoing and will receive a complete release of claims.
- Company previously accrued $3.0 million for this liability; settlement total is ~$5.3 million.
- Settlement is subject to documentation and preliminary and final court approval.

## SEC filing metadata
- accession: 0001437749-24-015281
- form_type: 8-K
- ticker: FCBC
- cik: 0000859070
- company_name: FIRST COMMUNITY BANKSHARES INC /VA/
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/859070/000143774924015281/0001437749-24-015281-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/859070/000143774924015281/fcbc20240507_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-015281
- JSON: https://secwatch.observer/filing/0001437749-24-015281.json
- Plain text: https://secwatch.observer/filing/0001437749-24-015281.txt

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