Announced
Completed
Financials
Tags
Banks
Acquisition
United States
bank holding company
Merger
Public
Single Bidder
Friendly
Completed
Synopsis
First Community Bankshares, parent company of First Community Bank, completed its merger with Abingdon, VA-based Highlands Bankshares, parent company of Highlands Union Bank, in a $91m deal. "First Community will be an excellent partner when it comes to culture, commitment to customer satisfaction, and involvement in our local communities. Our customers will have access to a broader product offering and branch network while continuing to receive service that exceeds their expectations. Our employees will join a familiar culture and our shareholders will enjoy the benefits of being part of a high-performing $2.8bn asset franchise," Bryan Booher, Highlands Interim CEO and President.
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