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New Deal


Announced

Completed

The Bank of Fincastle completed the merger with First National in a $31m deal.

Financials

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Transaction Value£23m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Single Bidder

Friendly

banking

Banks

Merger

Acquisition

Completed

Majority

Domestic

United States

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Synopsis

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The Bank of Fincastle, a financial services provider, completed the merger with First National, a full-service wealth management firm, in a $31m deal. "We are pleased to announce the completion of the merger with The Bank of Fincastle and excited to be joining forces with a team of dedicated local bankers committed to their customers and communities. We believe that our combined companies will provide significantly more resources to small business customers across all of our markets while positively impacting our communities like we have for our combined two centuries in business. Since 1875 in Fincastle and 1907 in Strasburg, our companies have a legacy of service unmatched by most banks in Virginia. We look forward to working with our employees and customers to continue the legacy," Scott Harvard, First National President and CEO.

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