First National

Touchstone Bankshares, Inc. Reports Financial Results for the First Quarter 2024

Retrieved on: 
Tuesday, April 30, 2024
Agreement, First National, Bank, Stock, Partnership, Plan, Signature Bank, First Bank, Good, Environment, OTC Markets Group, Growth, Airline

The Company reported net income available to common shareholders of $327 thousand for the three months ended March 31, 2024.

Key Points: 
  • The Company reported net income available to common shareholders of $327 thousand for the three months ended March 31, 2024.
  • The Company and First National anticipate closing the mergers in the fourth quarter of 2024.
  • As of March 31, 2024, the Company's credit quality metrics remained strong with minimal nonperforming assets and past due loans.
  • The following table is a comparison of the components of noninterest income for the three months ended March 31, 2024, and 2023:

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates FXNC, CBNK

Retrieved on: 
Thursday, April 4, 2024
Touchstone, Integration, Fraud, Advertising, First National, Capital, Security (finance)

If you are a First National shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are a First National shareholder, click here to learn more about your rights and options .
  • Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders.
  • Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected] .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

SHAREHOLDER UPDATE: Halper Sadeh LLC Investigates DRQ, FUSN, LABP, FXNC

Retrieved on: 
Wednesday, March 27, 2024
AbbVie, AstraZeneca, Sale, Touchstone, Fraud, Advertising, First National, Security (finance)

If you are a Dril-Quip shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are a Dril-Quip shareholder, click here to learn more about your rights and options .
  • If you are a Fusion shareholder, click here to learn more about your rights and options .
  • Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders.
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

First National Corporation to Acquire Touchstone Bankshares, Inc.

Retrieved on: 
Tuesday, March 26, 2024
Bank, Culture, PRINCE, Partnership, LLP, First Bank, First National

STRASBURG, Va. and PRINCE GEORGE, Va., March 26, 2024 (GLOBE NEWSWIRE) -- First National Corporation (“First National”) (NASDAQ: FXNC) and Touchstone Bankshares, Inc. (“Touchstone”) (OTCPK: TSBA) announced today they have entered into a definitive merger agreement for First National to acquire Touchstone in an all-stock transaction.

Key Points: 
  • STRASBURG, Va. and PRINCE GEORGE, Va., March 26, 2024 (GLOBE NEWSWIRE) -- First National Corporation (“First National”) (NASDAQ: FXNC) and Touchstone Bankshares, Inc. (“Touchstone”) (OTCPK: TSBA) announced today they have entered into a definitive merger agreement for First National to acquire Touchstone in an all-stock transaction.
  • Under the terms of the agreement, Touchstone shareholders will receive 0.8122 shares of First National stock for each share of Touchstone stock.
  • First National and First Bank will appoint three Touchstone directors to join the existing nine legacy directors on each respective Board.
  • Hovde Group, LLC served as financial advisor and Nelson Mullins Riley & Scarborough, LLP provided legal counsel to First National.

FXNC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of First National Corporation Is Fair to Shareholders

Retrieved on: 
Tuesday, March 26, 2024
Legal, Professional Services, Touchstone, Advertising, First National, Fraud

Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of First National Corporation (NASDAQ: FXNC) and Touchstone Bankshares, Inc. is fair to First National shareholders.

Key Points: 
  • Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of First National Corporation (NASDAQ: FXNC) and Touchstone Bankshares, Inc. is fair to First National shareholders.
  • Under the terms of the proposed transaction, Touchstone shareholders would receive 0.8122 shares of First National stock for each share of Touchstone stock.
  • On behalf of First National shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

FIRST NATIONAL CORPORATION INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of First National Corporation - FXNC

Retrieved on: 
Wednesday, March 27, 2024
Class Action Lawsuit, Professional Services, Legal, Touchstone, KSF, First National, Sale

and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of First National Corporation (“the Company”) (NasdaqCM: FXNC) and Touchstone Bankshares, Inc. (OTCPK: TSBA).

Key Points: 
  • and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of First National Corporation (“the Company”) (NasdaqCM: FXNC) and Touchstone Bankshares, Inc. (OTCPK: TSBA).
  • Under the terms of the proposed transaction, Touchstone shareholders would receive 0.8122 shares of First National stock for each share of Touchstone stock they own.
  • KSF is seeking to determine whether the merger and the process that led to it are adequate and fair to the Company’s shareholders.
  • To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com .

SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Announces an Investigation of Touchstone Bankshares, Inc. - TSBA

Retrieved on: 
Tuesday, March 26, 2024
Empire, First National, Security (finance)

NEW YORK, March 26, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report.

Key Points: 
  • NEW YORK, March 26, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report.
  • We are headquartered at the Empire State Building in New York City and is investigating Touchstone Bankshares, Inc. (Other OTC: TSBA ), relating to its proposed merger with First National Corp.
  • Under the terms of the agreement, TSBA shareholders are expected to receive 0.8122 shares of First National per share they own.
  • Before you hire a law firm, you should talk to a lawyer and ask:
    Do you file class actions and go to Court?

First National Bank Alaska announces unaudited results for fourth quarter 2023

Retrieved on: 
Friday, February 2, 2024
OTCQX, Growth, Interest, Environment, Federal Reserve, Federal, First National, Sale, Federal Open Market Committee, Federal Home Loan Banks, National bank, Bank

ANCHORAGE, Alaska, Feb. 01, 2024 (GLOBE NEWSWIRE) -- First National Bank Alaska’s (OTCQX:FBAK) net income for the fourth quarter of 2023 was $16.6 million, or $5.24 per share.

Key Points: 
  • ANCHORAGE, Alaska, Feb. 01, 2024 (GLOBE NEWSWIRE) -- First National Bank Alaska’s (OTCQX:FBAK) net income for the fourth quarter of 2023 was $16.6 million, or $5.24 per share.
  • “Resilience was the watchword for First National in 2023, as the bank responded several times to a rapidly changing environment for our industry and our customers,” said First National Board Chair and CEO/President Betsy Lawer.
  • Growth in assets in 2023 was a result of borrowing under the Federal Reserve Bank Term Funding Program.
  • Return on equity as of December 31, 2023, increased to 13.97% compared to 12.83% for the same period last year.

First National Corporation Reports Annual and Fourth Quarter 2023 Financial Results

Retrieved on: 
Thursday, February 1, 2024
Federal, FDIC, Environment, Marketing, NPAS, Harvard University, First Bank, Broker-dealer, First National, Risk, Sale, Bank, ATM

Net interest income increased by $126 thousand, or 1%, to $10.8 million for the fourth quarter of 2023, compared to the linked third quarter of 2023.

Key Points: 
  • Net interest income increased by $126 thousand, or 1%, to $10.8 million for the fourth quarter of 2023, compared to the linked third quarter of 2023.
  • Noninterest expense decreased $684 thousand, or 7%, in the fourth quarter of 2023, compared to the linked quarter.
  • Net charge-offs totaled $2.7 million in the fourth quarter of 2023, compared to net charge-offs of $83 thousand in the third quarter of 2023, and net charge-offs of $95 thousand in the fourth quarter of 2022.
  • Net charge-offs totaled $2.7 million for the fourth quarter of 2023, compared to net charge-offs of $83 thousand for the linked third quarter of 2023.

Sunflower Bank, N.A. Announces 2023 Community Impact Year in Review

Retrieved on: 
Tuesday, January 23, 2024
Other Professional Services, Other Philanthropy, Finance, Banking, Professional Services, Philanthropy, Fund Raising, Foundation, Community, CRA, Investment, Common sunflower, Community Reinvestment Act, First, Community development, First National, Organization, Homelessness, Bank

recognizes the outstanding contributions of its employees and Community Affairs Office throughout 2023, marking another year of dedicated efforts towards fostering meaningful community impact .

Key Points: 
  • recognizes the outstanding contributions of its employees and Community Affairs Office throughout 2023, marking another year of dedicated efforts towards fostering meaningful community impact .
  • In its second year, the Community Affairs Office, led by regional community development officers, continued to play a pivotal role in advancing community volunteerism, investment, and community development lending across Arizona, Colorado, Kansas, New Mexico, Texas, and Washington.
  • Danny Spears, senior vice president and CRA director at Sunflower Bank, expressed, “In 2023, the collaborative community engagement initiatives of Sunflower Bank, First National 1870, and Guardian Mortgage resulted in exciting accomplishments, spanning employee volunteerism, Community Reinvestment Act (CRA)-related programs, community lending and investments, charitable giving, community partnerships, and empowering bank products.”
    Key points of community achievements in 2023 include:
    Volunteerism: Sunflower Bank, N.A.
  • Visit the Community Impact Stories pages of the Sunflower Bank and First National 1870 websites for articles highlighting notable examples of Sunflower Bank, N.A.’s volunteer and investment activities.