First Community, the holding company of First Community Bank, completed its merger with Cornerstone, the holding company for Cornerstone National Bank, in a $27m deal. "The employees at First Community and Cornerstone have worked diligently these past months to ensure a smooth transition for customers and we look forward to serving them." Crapps continued, "We believe the combination of our banking companies creates a unique community based bank with the ability and financial strength to serve the banking needs of our communities and enhance shareholder value through operating advantages gained with the merger of our two institutions," Michael C. Crapps, First Community President and CEO.