First National Corp and Touchstone Bankshares receive regulatory approvals for all-stock merger

FIRST NATIONAL CORP /VA/

Regulatory approvals received from Federal Reserve Bank of Richmond and Virginia Bureau of Financial Institutions.
Merger expected to close in Q4 2024, pending shareholder votes on August 29, 2024.
Combined company would have ~$2.1B in assets, $1.8B in deposits, and $1.5B in loans (as of March 31, 2024).
Touchstone Bank customers' accounts conversion anticipated in February 2025.

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