First Bank announces completion of six branch acquisition
First National Corporation, the parent company of First Bank, announced Monday the bank has successfully completed the acquisition of six Bank of America branches in Dillwyn, Farmville, Waynesboro, Staunton, Elkton, and Woodstock.
The acquisition will add six additional branch offices and ATMs to the company’s footprint.
“The addition of six full service branch offices provides a significant opportunity for our banking company to build scale, leverage excess capital, add strength to the banking team and improve the value of our franchise,” said Scott C. Harvard, President and Chief Executive Officer of the company and the bank.
“Our entire team is poised and ready to start serving our new customers and communities.”