First Community agrees to acquire Main Street Financial Services for $243 million
FCBC•First Community Bankshares will acquire Main Street Financial Services for approximately $243 million in a stock transaction, with each eligible Main Street share converting into 0.6174 buyer shares, valued at about $30.14. The deal is expected to close early in the second quarter of 2027, subject to approvals and customary conditions.
1. Deal terms
First Community Bankshares will acquire Main Street Financial Services, which will merge into the buyer. Each eligible Main Street common share will convert into 0.6174 First Community common shares, valued at approximately $30.14 per share.
2. Combined operations
The combined company would have approximately $5.2 billion in assets before transaction-related adjustments, including Main Street’s $1.6 billion, based on September 30, 2026 figures. The acquisition would expand operations to five states, establish an Eastern Ohio presence and strengthen First Community’s West Virginia franchise.
3. Expected closing
The transaction is expected to close early in the second quarter of 2027, subject to shareholder and regulatory approvals and customary conditions.
