Announced

First National to acquire Touchstone Bankshares for $47m.

Synopsis

First National , a parent company and bank holding company, to acquire Touchstone Bankshares, a full-service community bank for $47m. “We are thrilled to have found a partner with an equally long history of serving and supporting local customers and businesses in their communities. Combining our companies will help ensure that we continue to be part of the fabric of the communities we serve, which we believe enables us to deliver superior service and financial performance. We are incredibly excited about this opportunity to expand our Richmond metro presence with the addition of seven branches in the market, and we look forward to welcoming the entire Touchstone team into the First Bank family,” Scott Harvard, First National Corporation President and CEO.

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