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Photo Release -- Dysart Named President and Chief Operating Officer of First Bank

STRASBURG, Va., July 6, 2015 (GLOBE NEWSWIRE) -- First National Corporation (the "Company") (OTC Pink:FXNC), the parent company of First Bank (the "Bank"), announced today that Dennis A. Dysart has been named President and Chief Operating Officer (COO) of the Bank. Most recently, Dennis A. Dysart served as Senior Executive Vice President and Chief Operating Officer of First Bank. Prior to that, Mr. Dysart served as Chief Credit Officer from April 2012 to August 2014, Chief Operating Officer from May 2011 to March 2012, Interim Chief Executive Officer from January 2011 to May 2011, and Executive Vice President - Chief Administrative Officer of the Bank from 2005 to March 2011. Mr. Dysart has been employed by the Bank since 1993.

Dennis A. Dysart, President and Chief Operating Officer of First Bank


A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=34249

"Dennis Dysart has been an integral part of this company for over 20 years, helping to define the culture on which the Bank was built so successfully," stated Scott C. Harvard, Chief Executive Officer of the Company and the Bank. "During the recent economic recession, Dennis stepped up when needed to help navigate difficult challenges and put the Bank on a path to success. He accepted the job of Interim CEO when called upon, Chief Credit Officer when needed, and now has agreed to serve as President of the Bank that he has helped to build into a leading financial institution in the Shenandoah Valley. We are delighted to have the opportunity to recognize Dennis for his fine leadership and look forward to his continued positive impact on First Bank and the communities we serve."

First Bank recently completed the acquisition of six bank branches that expanded its Virginia footprint south on the I-81 corridor to the City of Staunton, and also to the Town of Farmville, Virginia located in central Virginia. The Bank now has 18 offices serving two regions in the Commonwealth. Scott C. Harvard will continue to serve in the role of Chief Executive Officer of the Bank.

About the Company

First National Corporation, headquartered in Strasburg, Virginia, is the bank holding company of First Bank, a community bank that first opened for business in 1907. The Bank offers loan, deposit, and wealth management products and services from 18 office locations located throughout the Shenandoah Valley and central regions of Virginia. Banking services are also accessed from the Bank's website, www.fbvirginia.com, and from a network of ATMs located throughout its market area. The Bank operates divisions under the names First Mortgage and First Bank Wealth Management. First Bank also owns First Bank Financial Services, Inc., which invests in entities that provide investment services and title insurance.

Caution about Forward Looking Statements

Certain information contained in this discussion may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements relate to the Company's future operations and are generally identified by phrases such as "the Company expects," "the Company believes" or words of similar import. Although the Company believes that its expectations with respect to the forward-looking statements are based upon reliable assumptions within the bounds of its knowledge of its business and operations, there can be no assurance that actual results, performance or achievements of the Company will not differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. For details on factors that could affect expectations, see the risk factors and other cautionary language included in the Company's Annual Report on Form 10-K for the year ended December 31, 2014, and other filings with the Securities and Exchange Commission.

CONTACT: Scott C. Harvard President and CEO (540) 465-9121 sharvard@fbvirginia.com M. Shane Bell Executive Vice President and CFO (540) 465-9121 sbell@fbvirginia.com

Source:First National Corporation