First National Corporation filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

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Date of Report (Date of earliest event reported): February 11, 2026

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(Exact name of registrant as specified in its charter)

 

 

 

Registrant’s telephone number, including area code: (540) 465-9121

 

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

 

 

 

 

Securities registered pursuant to Section 12(b) of the Act:

 

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

 

      Emerging growth company  ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

 

 

First National Corporation (NASDAQ: FXNC) is the parent company of First Bank (the “Bank”). 

 

On February 11, 2026, the Board of Directors of First Bank approved a purchase and assumption agreement to sell two banking offices in Roanoke Rapids and Louisburg, North Carolina, including most of the deposit and loan accounts associated with those offices, to a Virginia-based financial institution.  The Bank also announced the closing and consolidation of three Virginia banking offices into nearby banking office locations.  This will reduce the number of banking offices from 33 to 28, and is subject to customary closing conditions, customer notification requirements, and regulatory approval. 

 

These transactions are expected to be closed in the second half of 2026.  These actions were taken as a component of the Bank’s strategic plan to optimize the bank's office footprint.  The goals of the branch optimization plan are to streamline operations, improve efficiency and allocate resources to other growing markets. 

 

A press release is attached.

 

 

 

 

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.