On Dec. 30, 2025, First Community Bankshares Inc. received regulatory approval from the Commonwealth of Virginia State Corporation Commission Bureau of Financial Institutions (“BFI”) to merge Union Bank Inc., a wholly-owned subsidiary of Hometown Bancshares Inc., with and into First Community Bank, a wholly-owned subsidiary of the Company in connection with the previously announced merger of Hometown with and into the Company pursuant to the Agreement and Plan of Merger dated July 19, 2025, by and between the Company and Hometown.
 
The BFI approval satisfies the final regulatory condition required to complete the transaction contemplated by the Merger Agreement.
 
Completion of the transaction remains subject to the satisfaction or waiver of remaining customary closing conditions, and is currently expected to close during the first quarter of 2026.