First Community Bancshares Gains Federal Approval for Merger

Tip Ranks
2025.11.12 22:36
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First Community Bancshares (FCBC) has received federal approval from the Federal Reserve Bank of Richmond for its merger with Union Bank, a subsidiary of Hometown Bancshares, announced on July 19, 2025. The merger still awaits approval from the Virginia State Corporation Commission and Hometown’s shareholders. An amendment to the proxy statement corrected a valuation error. Analysts rate FCBC stock as a Hold with a $36.00 price target, while TipRanks’ AI Analyst suggests a Neutral outlook due to bearish momentum despite a strong financial foundation and high dividend yield.

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First Community Bancshares ( (FCBC) ) has provided an update.

First Community Bankshares, Inc. received regulatory approval from the Federal Reserve Bank of Richmond on November 6, 2025, to merge Union Bank, a subsidiary of Hometown Bancshares, with First Community Bank. This approval is part of a larger merger agreement between First Community and Hometown, initially announced on July 19, 2025. The merger still requires approval from the Virginia State Corporation Commission Bureau of Financial Institutions and Hometown’s shareholders. Additionally, First Community amended its proxy statement to correct an error regarding the valuation of Hometown by Institution A, which was initially reported higher than First Community’s offer but was actually lower.

The most recent analyst rating on (FCBC) stock is a Hold with a $36.00 price target. To see the full list of analyst forecasts on First Community Bancshares stock, see the FCBC Stock Forecast page.

Spark’s Take on FCBC Stock

According to Spark, TipRanks’ AI Analyst, FCBC is a Neutral.

First Community Bancshares has a strong financial foundation and attractive valuation, but the current technical indicators suggest bearish momentum. The high dividend yield is a significant positive, offering income potential despite the negative price trends. Improving cash flow and reversing the current technical trends will be crucial for enhancing the stock’s attractiveness.

To see Spark’s full report on FCBC stock, click here.

More about First Community Bancshares

Average Trading Volume: 40,867

Technical Sentiment Signal: Hold

Current Market Cap: $612.1M

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