Mergers & Acquisitions ·
First Community Bankshares agrees to acquire Main Street Financial Services for $243M in stock
FCBCFirst Community Bankshares Inc
First Community Bankshares, Inc. entered into an Agreement and Plan of Merger with Main Street Financial Services Corp., under which First Community will acquire Main Street. Each share of Main Street common stock will be converted into 0.6174 shares of First Community common stock, representing approximately $30.14 per share based on a 10-day volume-weighted average price of $48.82. The aggregate transaction value is approximately $243 million. The merger is expected to close early in the second quarter of 2027, subject to shareholder approvals and regulatory clearances. First Community Bankshares operates banking products and services through its wholly owned subsidiary, First Community Bank.