First National Corporation FXNC

FXNC Company Overview

First National Corporation is a U.S.-based financial holding company headquartered in Strasburg, Virginia, operating primarily through its wholly owned banking subsidiary, First Bank. The company operates in the regional banking industry and provides a range of commercial and retail banking services, including deposit accounts, commercial and consumer lending, residential mortgage lending, treasury management, and wealth management services. Its primary revenue drivers are net interest income from lending activities and fee-based income generated through mortgage banking, service charges, and wealth advisory operations.

The company serves individuals, small and medium-sized businesses, commercial real estate operators, municipalities, and nonprofit organizations, primarily across Virginia and portions of neighboring states. First National Corporation traces its origins to the establishment of First Bank in 1907. Over time, the company expanded through branch growth and acquisitions, evolving from a community bank into a multi-market regional banking organization with a broader commercial banking focus. Its competitive positioning is centered on community banking relationships, local market knowledge, and a decentralized approach to customer service in mid-sized and rural markets.