FCBC receives Fed approval for Hometown merger; corrects proxy error on bidder valuation

FIRST COMMUNITY BANKSHARES INC /VA/

Federal Reserve Bank of Richmond approved bank merger and BHCA waiver on Nov 6, 2025.
Proxy error corrected: Institution A valued Hometown at lower valuation than First Community's indication, not higher.
Hometown board reaffirms unanimous FOR recommendation; special meeting set for Dec 2, 2025.
Merger remains subject to Virginia SCC approval, Hometown shareholder vote, and other conditions.

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