secwatch.observer — SEC 8-K summary
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Issuer:     FIRST NATIONAL CORP /VA/ (FXNC)
CIK:        0000719402
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001437749-24-025411
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/719402/000143774924025411/0001437749-24-025411-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/719402/000143774924025411/fxnc20240807c_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-025411

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