First Community Bancshares

First Community Announces Leadership Moves

Retrieved on:

Thursday, December 14, 2023

First Community Bancshares, Commercial, Culture, Peter Young (banker), First Community Bank, Management

LEXINGTON, S.C., Dec. 14, 2023 /PRNewswire/ -- Today, First Community Corporation (Nasdaq: FCCO), the holding company for First Community Bank, announced promotions and additions to its Executive Leadership Team.

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LEXINGTON, S.C., Dec. 14, 2023 /PRNewswire/ -- Today, First Community Corporation (Nasdaq: FCCO), the holding company for First Community Bank, announced promotions and additions to its Executive Leadership Team.
Michael C. "Mike" Crapps will continue in his role as President and CEO of First Community Corporation.
Mr. Crapps commented on the changes, "We are excited about Ted's promotion to CEO of First Community Bank.
He is a founding member of our Executive Leadership Team and understands our business and our culture at a deep level.

Colleen Debuts Lease AI to Automate and Optimize Resident Renewals and Retention for Multifamily Property Management Companies

Retrieved on:

Thursday, October 26, 2023

As the multifamily industry prepares for leasing season, property managers are tasked with managing hundreds of lease renewals simultaneously, all while ensuring each resident has a simple, quick path to re-upping their lease – Lease AI seamlessly handles both.

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As the multifamily industry prepares for leasing season, property managers are tasked with managing hundreds of lease renewals simultaneously, all while ensuring each resident has a simple, quick path to re-upping their lease – Lease AI seamlessly handles both.
Using generative AI and deep learning modules, Lease AI proactively engages residents to renew leases ahead of the standard 90-day lease expiration timeline.
This primes property teams with both the technology and resident input to optimize best-in-class renewal experiences while saving time for onsite teams.
For more information on Colleen’s AI Rent Collection, AI Debt Collection, and many more platform solutions, head to colleen.ai .

Eagle Bancorp Montana Earns $3.2 Million, or $0.42 per Diluted Share, in the First Quarter of 2023; Declares Quarterly Cash Dividend of $0.1375 per Share and Renews Stock Repurchase Plan

Retrieved on:

Tuesday, April 25, 2023

NIM, Federal, Current Expected Credit Losses, Eagle, Sale, First, Acquisition, Federal Reserve, CECL, First Community Bancshares, Book, Video game, Cryptocurrency, Real estate, Security (finance), Bank

Total loans increased $418.7 million or 43.7% compared to a year ago, and $23.7 million or 1.8% from three months earlier.

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Total loans increased $418.7 million or 43.7% compared to a year ago, and $23.7 million or 1.8% from three months earlier.
Commercial real estate loans increased 26.0% to $545.6 million at March 31, 2023, compared to $433.0 million a year earlier.
Agricultural and farmland loans increased 110.3% to $231.8 million at March 31, 2023, compared to $110.2 million a year earlier.
Commercial construction and development loans increased 57.4% to $166.5 million, compared to $105.8 million a year ago.

First Community Bankshares, Inc. Completes Acquisition of Surrey Bancorp

Retrieved on:

Monday, April 24, 2023

First, First Community Bancshares, Small business, First Community Bank, Trust, Acquisition, Bank

BLUEFIELD, Va., April 24, 2023 (GLOBE NEWSWIRE) -- First Community Bankshares, Inc. (NASDAQ: FCBC) ( www.firstcommunitybank.com ) (the “Company”), parent company of First Community Bank, announced today that it has completed the acquisition of Surrey Bancorp (“Surrey”) and Surrey’s wholly owned subsidiary, Surrey Bank and Trust.

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BLUEFIELD, Va., April 24, 2023 (GLOBE NEWSWIRE) -- First Community Bankshares, Inc. (NASDAQ: FCBC) ( www.firstcommunitybank.com ) (the “Company”), parent company of First Community Bank, announced today that it has completed the acquisition of Surrey Bancorp (“Surrey”) and Surrey’s wholly owned subsidiary, Surrey Bank and Trust.
First Community and Surrey previously announced an agreement to merge on November 18, 2022.
The completed acquisition included the merger of Surrey Bank and Trust into First Community Bank.
Under the terms of the merger agreement, Surrey shareholders will receive 0.7159 shares of First Community common stock for each share of Surrey common stock.

Surrey Bancorp Announces First Quarter Cash Dividend of $0.12 per share of Common Stock

Retrieved on:

Wednesday, March 1, 2023

Main Street, Telephone, Form, AS, ANY, Bank, 209 Woodland Drive, First Community Bancshares, Pink sheet, Communication, Security (finance)

MOUNT AIRY, N.C., March 01, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Surrey Bancorp (“the Company”, Pink Sheets: SRYB ) has declared a quarterly cash dividend of 12 cents ($0.12) per share on the Company’s common stock.

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MOUNT AIRY, N.C., March 01, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Surrey Bancorp (“the Company”, Pink Sheets: SRYB ) has declared a quarterly cash dividend of 12 cents ($0.12) per share on the Company’s common stock.
The cash dividend is payable on April 10, 2023, to shareholders of record as of the close of business on March 17, 2023.
Ted Ashby, CEO of Surrey Bancorp, stated the dividend was based on the Company’s current operating results, its strong financial condition and a commitment to delivering shareholder value.
Surrey Bancorp is the bank holding company for Surrey Bank & Trust (the “Bank”) and is located at 145 North Renfro Street, Mount Airy, North Carolina.

Eagle Bancorp Montana Earns $3.6 Million, or $0.47 per Diluted Share, in Fourth Quarter of 2022; Earns $10.7 Million, or $1.45 per Diluted Share, for the Year 2022; Declares Quarterly Cash Dividend of $0.1375 per Share

Retrieved on:

Thursday, January 26, 2023

First Community Bank, Opportunity Bank Uganda Limited, First Community Bancshares, EBMT, Eagle, Acquisition, Sale, Federal Reserve, Federal, First, WFS, Growth, Book, NIM, Renewable energy, Holding company, Bank, Video game, Real estate

Additionally, our fourth quarter net interest margin improved year-over-year as we took advantage of interest rate increases enacted by the Federal Reserve.

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Additionally, our fourth quarter net interest margin improved year-over-year as we took advantage of interest rate increases enacted by the Federal Reserve.
Net interest margin (“NIM”) was 4.10% in the fourth quarter of 2022, compared to 4.18% in the preceding quarter, and 3.75% in the fourth quarter a year ago.
The Company paid a quarterly cash dividend in the fourth quarter of $0.1375 per share on December 2, 2022 to shareholders of record November 10, 2022.
Eagle’s NIM was 4.10% in the fourth quarter of 2022, compared to 4.18% in the preceding quarter, and 3.75% in the fourth quarter a year ago.

ALERT: Contact the M&A Class Action Firm Regarding Its Investigation of the Merger – HVBC, LBAI, BNFT, SRYB

Retrieved on:

Wednesday, January 25, 2023

Provident, Empire, Voya Financial, Provident Bank of New Jersey, BNFT, First Community Bancshares, Acquisition, OTC, Sale, Monteverde, Security (finance), Citizenship

Under the terms of the agreement, HVBC shareholders are expected to receive either 0.400 shares of Citizens or $30.50 in cash per share they own.

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Under the terms of the agreement, HVBC shareholders are expected to receive either 0.400 shares of Citizens or $30.50 in cash per share they own.
Lakeland Bancorp, Inc. (Nasdaq: LBAI ), relating to its proposed merger with Provident Financial Services, Inc.
Under the terms of the merger, LBAI shareholders will receive 0.8319 shares of Provident per share they own.
Under the terms of the agreement, SRYB shareholders will receive 0.7159 shares of First Community per share they own.

ALERT: Contact the M&A Class Action Firm Regarding Its Investigation of the Merger – LBAI, LMST, SRYB, IMRA

Retrieved on:

Wednesday, January 18, 2023

Empire, Therapy, OTC, Provident Bank of New Jersey, LMST, First Community Bancshares, Monteverde, Provident, Acquisition, Security (finance)

Under the terms of the merger, LBAI shareholders will receive 0.8319 shares of Provident per share they own.

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Under the terms of the merger, LBAI shareholders will receive 0.8319 shares of Provident per share they own.
It is free and there is no cost or obligation to you.
Under the terms of the agreement, LMST shareholders are expected to receive 0.90 shares of People’s per share they own.
Under the terms of the agreement, IMRA shareholders are expected to own approximately 16% of the combined company.

ALERT: Contact the M&A Class Action Firm Regarding Its Investigation of the Merger – APEN, SRYB, LMST, IMRA

Retrieved on:

Wednesday, January 11, 2023

Boston Scientific, Empire, Therapy, OTC, LMST, First Community Bancshares, Monteverde, Sale, Acquisition, Security (finance)

Under the terms of the merger, APEN shareholders will receive $10.00 in cash per share they own.

Key Points:

Under the terms of the merger, APEN shareholders will receive $10.00 in cash per share they own.
Under the terms of the agreement, SRYB shareholders will receive 0.7159 shares of First Community per share they own.
Under the terms of the agreement, LMST shareholders are expected to receive 0.90 shares of People’s per share they own.
Under the terms of the agreement, IMRA shareholders are expected to own approximately 16% of the combined company.

EQUITY ALERT: Contact the M&A Class Action Firm Regarding Its Investigation of the Merger – RBA, SAL, LBAI, SRYB

Retrieved on:

Wednesday, January 4, 2023

Provident Bank of New Jersey, Provident, NBT Bank, First Community Bancshares, Acquisition, NYSE, NBT, RBA, OTC, Empire, IAA, Monteverde, Security (finance)

Salisbury Bancorp, Inc. (Nasdaq: SAL ), relating to its proposed merger NBT Bancorp, Inc.

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Salisbury Bancorp, Inc. (Nasdaq: SAL ), relating to its proposed merger NBT Bancorp, Inc.
Under the terms of the merger, SAL shareholders will receive 0.745 shares of NBT per share they own.
Under the terms of the merger, LBAI shareholders will receive 0.8319 shares of Provident per share they own.
Under the terms of the agreement, SRYB shareholders will receive 0.7159 shares of First Community per share they own.