First Community Bankshares, Inc. to Acquire Hometown Bancshares, Inc.

Strategic Insights -

First Community Bankshares, Inc. and Hometown Bancshares, Inc. have entered into an Agreement and Plan of Merger, resulting in First Community's acquisition of Hometown. The transaction, which requires shareholder and regulatory approvals, is expected to be completed in the first quarter of 2026. Upon completion, First Community will have total consolidated assets of approximately $3.6 billion with 60 branch locations in four states.

Key Takeaways:

  • First Community Bankshares, Inc. will acquire Hometown Bancshares, Inc. through an Agreement and Plan of Merger.
  • The transaction will result in First Community having total consolidated assets of approximately $3.6 billion with 60 branch locations in four states.
  • The acquisition is expected to be minimally dilutive to tangible book value per share (non-GAAP) and to provide high-single digit accretion to earnings per share.
  • First Community will gain Union Bank's strong deposit base and customer base, expanding its presence in West Virginia markets.
  • Tim Aiken, President, CEO, and Director of Hometown and Union Bank, will join First Community's team upon completion of the transaction.
  • First Community expects to implement Union Bank's services, including Trust and Wealth Management services, for its customers.
  • The acquisition supports First Community's strategic focus on growing low-cost core deposits.
  • First Community and Hometown are committed to completing the transaction by the first quarter of 2026, subject to regulatory approvals and shareholder approval.
  • First Community will file a registration statement with the SEC, which will contain the proxy statement of Hometown and the prospectus of First Community.

Statistics:

  • First Community will have total consolidated assets of approximately $3.6 billion following the acquisition.
  • The acquisition is expected to result in 60 branch locations across four states.
  • As of June 30, 2025, Union Bank had total assets of approximately $402 million.
  • The transaction value is approximately $41.5 million based on a closing price for First Community common stock of $40.33 as of July 18, 2025.
  • The acquisition is expected to be minimally dilutive to tangible book value per share (non-GAAP) and to provide high-single digit accretion to earnings per share.

Sources:

  • First Community Bankshares, Inc., 2025, GlobeNewswire article published on July 21, 2025, available at
  • First Community Bankshares, Inc., Form 10-K, filed with the SEC on March 31, 2025, available at
  • Hometown Bancshares, Inc., Form 10-K, filed with the SEC on April 28, 2025, available at