First Community Bancshares, Inc. and First Community Bank Announce Board Changes
August 31, 2016 at 02:27 pm EDT
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On August 30, 2016, William P. Stafford, Director of First Community Bancshares, Inc. and its First Community Bank notified the Company that effective immediately he would be retiring as a Director. Mr. Stafford is the current Vice Chairman and past Chairman, and has served the Company and its predecessors since 1985. Also on August 30, 2016, the Board appointed Gary R. Mills, the Company's President and the Bank's Chief
Executive Officer, to serve the remainder of Mr. Stafford's term which ends at the 2017 annual meeting.
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. 
