A deal team led by Ben Barnhill represented First National Corporation, parent company of First Bank in Strasburg, Virginia, in the announcement of a proposed acquisition by merger of The Bank of Fincastle, in Fincastle, Virginia, on Feb. 18, 2022. The Nelson Mullins team also included Neil Grayson, Brittany McIntosh, and Troy Varrasse (corporate, securities, and bank regulatory), Maurice Holloway (tax), and Kathy Solley (employee benefits and executive compensation). The combined organization will have approximately $1.2 billion in assets and 20 branch locations across Virginia. The aggregate deal value of the cash and stock transaction is valued at approximately $31.6 million. The transaction is expected to close in the third quarter of 2021, subject to approval of both companies’ shareholders, regulatory approvals and other customary closing conditions.

Established in 1897, Nelson Mullins has more than 850 attorneys and government relations professionals with 25 offices in 11 states and Washington, D.C. For more information on the firm, go to www.nelsonmullins.com.