First Community Bancshares Gains Federal Approval for Merger
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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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