First Community Bankshares, Inc. Provides Update on Executive Change
November 13, 2019 at 08:12 am EST
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On May 28, 2019, First Community Bankshares, Inc. announced that its Chief Operating Officer, E. Stephen Lilly, planned to retire on December 31, 2019. The company and Mr. Lilly have mutually agreed to postpone Mr. Lilly's retirement date to January 31, 2020, to provide him the opportunity to participate in the culmination of several strategic initiatives. The company's previously announced appointment of Jason R. Belcher, currently the company's Chief Administrative Officer, as Chief Operating Officer effective January 1, 2020, will proceed as planned.
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. 
