Brief: First Community To Acquire Surrey And Its Wholly Owned Bank Subsidiary, Surrey Bank & Trust

First Community Bankshares

18/11/2022 13:13

Nov 18 (Reuters) - First Community Bankshares Inc
 FCBC.O :
    * FIRST COMMUNITY TO ACQUIRE SURREY AND ITS WHOLLY OWNED
BANK
SUBSIDIARY, SURREY BANK & TRUST
    * FIRST COMMUNITY BANKSHARES - AGGREGATE TRANSACTION VALUE
OF
APPROXIMATELY $113.2 MILLION
    * FIRST COMMUNITY BANK - SEPARATE MERGER AGREEMENT PROVIDING
FOR
MERGER OF SURREY BANK & TRUST WITH AND INTO FIRST COMMUNITY BANK
    * FIRST COMMUNITY BANKSHARES - EXPECTS TRANSACTION TO BE
MINIMALLY
DILUTIVE TO TANGIBLE BOOK VALUE PER SHARE (NON-GAAP)
    * FIRST COMMUNITY BANKSHARES - EXPECTS TRANSACTION TO
PROVIDE
MID-SINGLE DIGIT ACCRETION TO EARNINGS PER SHARE

Source text for Eikon:  ID:nGNX7bHPJ9 
Further company coverage:  FCBC.O