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First Bank to Celebrate Grand Opening of South Region Headquarters in Staunton

STRASBURG, Va., Oct. 29, 2015 (GLOBE NEWSWIRE) -- First Bank (OTCBB:FXNC) will celebrate the grand opening of the newly renovated South Region Headquarters at 1 West Frederick Street in Staunton on Thursday, October 29th from 10 am to 12:00/noon. First Bank entered the southern Shenandoah Valley market on April 17 of this year via the acquisition of six branches formerly operated by Bank of America. The First Bank South Region includes offices in Harrisonburg, Elkton, Staunton, Waynesboro, Dillwyn, and Farmville, Virginia. The region is led by Regional President Norman “Butch” Smiley, a well-known community leader and former community bank CEO in Staunton. First Bank employs 35 associates in the South Region, including an experienced team of commercial and mortgage lenders. According to the FDIC, as of June 30, 2015 First Bank had 5.38% of the deposit market share in Staunton and 9.48% of the deposit market share in Waynesboro. Total deposits for the South Region at June 30, 2015 were $143.2 million.



A photo accompanying this release is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/9c74ddab-a2f3-48aa-b354-872386acd180.

The newly renovated headquarters is two stories with a total of 8,200 square feet of space. The first floor is dedicated to the retail banking lobby and consumer lending services. The second floor includes executive offices, commercial banking, and a board room that will be available for use by local non-profits and community organizations.

“We are very pleased and excited to showcase our experienced staff and newly remodeled building during our grand opening event,” says Butch Smiley, Regional President of First Bank. “The South Region Headquarters in the heart of Staunton symbolizes First Bank’s commitment to being a community asset in Staunton and our entire south region.”

The ribbon cutting will take place at 10:30 am. The celebration will also include a tour of the remodeled building, refreshments and a charitable donation presentation to New Directions Center, Inc. and the Valley Children’s Advocacy Center, both of Staunton.

The First Bank Staunton Regional Office is located at 1 West Frederick Street, Staunton, VA 24401.

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 17 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 also operates under the name First Bank Wealth Management. First Bank also owns First Bank Financial Services, Inc., which invests in entities that provide investment services and title insurance.

Contact: Scott C. Harvard President and CEO (540) 465-9121 sharvard@fbvirginia.com

Source:First National Corporation