First National appoints Brad Schwartz as CFO effective March 31, 2025

FIRST NATIONAL CORP /VA/

Brad Schwartz, former President/COO of TowneBank (retired Dec 2022), named EVP and CFO.
Effective March 31, 2025; Bruce Thomas remains interim CFO until that date.
Employment agreement: 2-year term starting March 31, 2025, with annual auto-renewal.
Base salary $300k, incentive target ≥30% of base, relocation reimbursement up to $75k.
Non-compete and non-solicitation covenants extend 12 months after termination of employment.

item 5.02 item 9.01

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Appointed

Brad E. Schwartz

Executive Vice President and Chief Financial Officer

FXNC · FIRST NATIONAL CORP /VA/

Effective: 2025-03-31
Filed: March 10, 2025, 7:59 PM ET

On March 7, 2025, First National Corporation (the “Company”) appointed Brad E. Schwartz as Executive Vice President and Chief Financial Officer of the Corporation and of its wholly owned subsidiary, First Bank, effective March 31, 2025.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Brad E. Schwartz was appointed as Executive Vice President and Chief Financial Officer at FIRST NATIONAL CORP /VA/.

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On March 7, 2025, First National Corporation (the “Company”) appointed Brad E. Schwartz as Executive Vice President and Chief Financial Officer of the Corporation and of its wholly owned subsidiary, First Bank, effective March 31, 2025.

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FIRST NATIONAL CORP /VA/ filing history →

Source: SEC EDGAR

accession 0001437749-25-006862

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