m_and_a
confidence high
sentiment positive
materiality 0.75
First Community Bankshares to acquire Hometown Bancshares for ~$41.5M in stock
FIRST COMMUNITY BANKSHARES INC /VA/
- Total deal value ~$41.5M; each Hometown share exchanges for 11.706 FCBC shares, valued at $472.10 based on FCBC $40.33 close.
- Hometown (Union Bank) has $402M assets, $176M loans, $366M deposits as of June 30, 2025; adds 8 WV branches.
- Expected close Q1 2026; subject to Hometown shareholder vote, regulatory approvals, and other customary conditions with a $2.0M termination fee payable by Hometown.
- FCBC expects high-single digit EPS accretion and minimal tangible book dilution; combined pro-forma $3.6B assets and 60 branches.
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