First National Corporation (NasdaqCM:FXNC) announces a share repurchase program. Under the program, the company will repurchase up to $5 million worth of its outstanding common stock. The repurchase will be funded from the combination of cash on hand and cash generated from ongoing operations.

The plan is valid till December 31, 2023, unless the entire amount authorized to be repurchased has been acquired before that date.