First Community Bancshares, Inc. Announces Management Changes
March 29, 2012
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First Community Bancshares, Inc. (Bluefield) and Peoples Bank of Virginia jointly announced the signing of a definitive merger agreement under which First Community will acquire Peoples for a total valuation of approximately $40.6 million. Following the merger Jim Atkinson and Quentin L. Corbett will remain involved in the operation supporting the continued growth of the combined franchise in the market. William H. 'Bill' Pruitt will also join the board of directors for First Community Bank and Marshall E. 'Eddie' McCall Jr. will assume the position of Vice President and Richmond City Executive joining Richard D. Ocheltree, Regional President for Eastern Virginia.
First Community Bankshares, Inc. is a financial holding company, which provides banking products and services through its wholly owned subsidiary First Community Bank (the Bank). It operates in community banking segment, which consists of all operations, including commercial and consumer banking, lending activities, and wealth management. The Bank offers wealth management and investment advice through its Trust Division and wholly owned subsidiary First Community Wealth Management. Its commercial loans consist of loans to small and mid-size industrial, commercial, and service companies. Commercial real estate projects represent a variety of sectors of the commercial real estate market, including single family and apartment lessors, commercial real estate lessors, and hotel/motel operators. Consumer real estate loans segment consists of loans to individuals within its market footprint for home equity loans and lines of credit and for the purpose of financing residential properties.
FIRST COMMUNITY BANKSHARES, INC. 
