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First Community Bancshares history
First Community Bancshares company history timeline
Princeton Bank & Trust Co. in Princeton, West Virginia began in 1874.
Shareholders approved a plan to reorganize November 4, 1982, making the bank a subsidiary of Flat Top Bankshares, Inc.
The bank changed its name to First Community Bank of Princeton in March 1985.
First Community Bancshares incorporated in Delaware November 7, 1989.
In a merger of equals, First Community and Flat Top joined May 9, 1990.
On January 29, 1993, First Community bought People's Bank of Richmond for $250,000.
On July 3, 1996, in a deal worth about $8.9 million, First Community bought Citizens Bank of Tazewell, headquartered in Tazewell, Virginia.
On April 9, 1997, First Community took over Blue Ridge Bank of Sparta, North Carolina for about $24.6 million.
On September 28, 1999, First Community Bank bought United First Mortgage.
In 2001, First Community had $1.29 billion in assets and a mortgage subsidiary based in Richmond.
Also, in May 2002, a new location at 2801 East Race Street was officially opened.
Groundbreaking for our Eagle Mountain Branch in Batesville took place in the spring of 2002.
In 2003, First Community completed its $26.6 million takeover of CommonWealth Bank of Richmond, with four branches, $148.7 million in assets and $111.1 million in deposits.
On July 19, 2004, First Community opened a branch in Cave City in a temporary building while a new 2,100 square foot building was being constructed.
In 2004, First Community sold its mortgage subsidiary to Access National Bank.
A grand opening for the new building at 102 South Main Street was held on July 25, 2005.
On January 6, 2006, construction began on a new 2,500 square foot facility.
In 2006, First Community was the largest community bank in North Carolina's Piedmont Triad.
62/412 officially opened on July 25, 2007 and the Cabot branch at 3084 Bill Foster Memorial Hwy. opened on October 1, 2007.
The merger of Goodman State Bank was official on July 21, 2008.
In 2008, a mortgage loan office was opened in Northeastern Arkansas in Jonesboro at 708-B Windover.
Cabot celebrated the grand opening of a new permanent facility on September 24, 2009, and Race Street cut the ribbon on a new 4,560 square foot state-of-the-art facility on October 29, 2009.
In 2009, First Community completed a $10.5 million deal for TriStone Community Bank, increasing the number of Forsyth County branches from four to six.
The purchase was finalized on February 22, 2010, and this became our fourteenth banking location.
The southwest Missouri region celebrated the grand opening of a second full-service branch in Neosho on August 30, 2011.
On March 1, 2012, it was announced that First Community would purchase Richmond-based Peoples Bank of Virginia, with four branches and $286 million in assets, in a $40.6 million deal.
The grand opening celebration was held on March 7, 2014.
On December 15, 2014, 13 branches of First Community began operating as CresCom Bank after the Carolina Financial Corp. subsidiary completed a $7 million purchase.
On March 4, 2016, First Community and First Bancorp announced a deal in which First Community would sell all three of its branches in Winston-Salem, and one each in Huntersville, North Carolina and Mooresville, North Carolina to First Bancorp.
On December 19, 2016, First Community Bank acquired Little River Bank in Lepanto, AR, giving the bank a presence in neighboring Poinsett County.
The branch opened on September 18, 2017.
On March 12th, 2018, a second location in Cabot opened on 11 Prospect Court, giving the bank a total of 21 banking locations.
On October 29, 2018, a ribbon cutting ceremony was held for our new branch at 301 East Main Street in historic downtown Batesville.
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First Community Bancshares competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| National Cooperative Bank | 1978 | $73.6M | 100 | 7 |
| National Capital Bank of Washington | 1889 | $8.5M | 56 | - |
| First California Bank | - | $26.0M | 350 | - |
| Local Government Federal Credit Union | 1983 | $21.0M | 237 | 13 |
| Commercial Capital Bancorp Inc | 1985 | $1.7M | 15 | - |
| CertusBank | 2010 | $18.0M | 500 | - |
| Silvergate Bank | 1988 | $22.1B | 300 | - |
| CIT Group | 1908 | $2.3B | 3,678 | - |
| John Marshall Bank | 2006 | $70.9M | 154 | 23 |
| Lincoln Park Savings & Loan Assn | 1923 | - | 17 | 1 |
First Community Bancshares history FAQs
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First Community Bancshares may also be known as or be related to First Community Bancshares Inc, First Community Bancshares, Inc. and First Community Bancshares.