First Community Bankshares to acquire Main Street Financial Services in $243 million stock merger

FIRST COMMUNITY BANKSHARES INC /VA/

• First Community (FCBC) agreed to acquire Main Street (MSWV) for 0.6174 FCBC shares per Main Street share, valued at about $30.14 per share and $243 million aggregate.
• Main Street reported $1.6 billion assets, $1.3 billion loans, $1.4 billion deposits and $137 million equity as of Sept. 30, 2026; combined assets expected near $5.2 billion.
• Main Street Bank operates 21 offices in east central Ohio and West Virginia's northern panhandle; the deal adds Ohio and expands First Community to five states.
• Closing is expected early in Q2 2027, subject to shareholder and regulatory approvals; Main Street would pay a $9.61 million termination fee under specified circumstances.
• Main Street directors holding about 10.4% of shares signed support agreements to vote for the merger; Mark Witmer will join First Community Bank as President of the Ohio Region.