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# First National Corporation Agrees to Acquire Touchstone Bankshares in $47 Million Virginia Deal
- URL: https://www.theglobalbanker.com/first-national-corporation-acquires-touchstone-bankshares-47-million-virginia/
- Published: 2024-03-26T15:00:00.000Z
- Updated: 2026-10-02T14:46:27.000Z
- Description: First National Corporation has agreed to acquire Touchstone Bankshares for $47 million in a Virginia community bank deal.
- Author: TGB Editorial Team
- Tags: M&A, Americas, #archive

First National Corporation has agreed to acquire Touchstone Bankshares for about $47 million, adding a community bank headquartered in Prince George, Virginia to its regional banking franchise. The transaction is structured as an all-stock deal.

Touchstone Bankshares operates twelve banking locations in and around Richmond, south-central Virginia and northern North Carolina. 

#### DEAL STRUCTURE

The $47 million consideration for Touchstone Bankshares reflects an exchange ratio of 0.8122 First National shares per Touchstone share (about USD14.25 per share). The transaction requires regulatory approval before it can close.