FIRST COMMUNITY BANKSHARES INC /VA/ (FCBC) Form 8-K — Oct 28, 2026
First Community Bankshares has agreed to acquire Main Street Financial Services Corp., an Ohio-based bank holding company with $1.6 billion in assets, in an all-stock deal valued at approximately $243 million. Under the merger agreement, each Main Street share will convert into 0.6174 First Community shares, implying roughly $30.14 per share based on First Community's 10-day VWAP of $48.82. Main Street operates 21 banking offices across east central Ohio and northern West Virginia. The deal includes a $9.61 million termination fee payable by Main Street in specified circumstances, with directors holding about 10.4% of Main Street shares signed voting support agreements.
Key figures
- Deal Value Usd
- 243000000
- Outside date
- August 31, 2027
- Exchange ratio
- 0.6174
- Expected close
- early Q2 2027
- Fcbc 10day vwap
- $48.82
- Termination fee
- $9.61 million
- Target total loans
- $1.3 billion
- Target total assets
- $1.6 billion
- Target total deposits
- $1.4 billion
- Target banking offices
- 21
- Target total liabilities
- $1.5 billion
- Target shareholders equity
- $137 million
- Support agreement ownership
- 10.4%
- Implied price per target share
- $30.14
AI analysis
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