First Bank Names Matt Paciocco Senior Vice President and Regional Executive
11 Maio 2022 - 5:00PM
First National Corporation (the "Company" or "First National")
(NASDAQ:FXNC), the bank holding company of First Bank (the “Bank”),
announced today that Matt Paciocco was named Senior Vice President
and Regional Executive for Richmond, Virginia. Paciocco will be
responsible for overseeing community impact and all lines of
business banking, and business development.
“Matt’s experience fully aligns with our culture and our focus
on positioning First Bank for transformational growth in the
Richmond market,” said Scott Harvard, CEO of First Bank.
Born and raised in Richmond, Matt began his career in 2003 with
the former First Market Bank, meeting and working with some of his
current First Bank colleagues. He has over 18 years of experience
in all areas of commercial and retail banking where his focus has
been building strong relationships, providing responsive service,
and acting as a trusted advisor to his clients. Matt has a B.S. in
Business Administration and a B.S. in Economics from Longwood
University and is also a graduate of the Virginia Bankers
Association’s School of Bank Management at the University of
Virginia.
Mr. Paciocco leads the Richmond team of 12 bankers, six in First
Bank’s Innsbrook Office and six bankers in the branch office
located at 5601 Patterson Avenue. The team includes well known
Richmond bankers Bill Bien and Andy McLean, along with Bonnie Howle
and Tonda Arthur, both seasoned treasury management professionals.
Paciocco and team joined First Bank in September 2021 when the Bank
acquired an $82 million local loan portfolio from SmartBank, who
chose to exit the market. As of March 31, 2022, the combined teams
accounted for over $150 million in loans and $40 million in
deposits in the Richmond market and plans to build those totals to
$250 million and $100 million respectively, as the Bank deepens its
presence in the market. “As a lifelong Richmond native, I enjoy the
opportunity to impact our market through various banking channels.
First Bank is dedicated to the area and has provided incredible
support to our customers, community, and team of bankers,” Matt
Paciocco stated. “While the banking industry in Richmond is very
strong and competitive, we feel that flexibility, efficiency, and
accuracy are key aspects of how we do business. Our team continues
to deliver banking services with a personal touch and commitment to
service that is unmatched.”
Matt and his team deliver a diverse set of skills and deep
relationships in the Richmond market that are grounded in high
quality customer service and providing comprehensive commercial
banking solutions. Harvard added, “We’re excited for the
opportunity to build our banking company in Richmond around Matt
and this strong team of bankers.”
ABOUT FIRST NATIONAL CORPORATION AND FIRST
BANK
First Bank is a wholly owned subsidiary of First National
Corporation (the “Company”) (NASDAQ: FXNC). First Bank is a
community bank that first opened for business in 1907 in Strasburg,
Virginia. The Bank offers loan and deposit products and services
through its website, www.fbvirginia.com, its mobile banking
platform, a network of ATMs located throughout its market area, a
loan production office, customer service centers in two retirement
communities, and 20 bank branch office locations located throughout
the Shenandoah Valley, the central regions of Virginia, the Roanoke
Valley, and in the city of Richmond. In addition to providing
traditional banking services, the Bank operates a wealth management
division under the name First Bank Wealth Management. First Bank
also owns First Bank Financial Services, Inc., which invests in
entities that provide investment services and title insurance.
FORWARD-LOOKING STATEMENTS
Certain information contained in this discussion may include
“forward-looking statements” within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These forward-looking
statements relate to the Company’s future operations and are
generally identified by phrases such as “the Company expects,” “the
Company believes” or words of similar import. Although the Company
believes that its expectations with respect to the forward-looking
statements are based upon reliable assumptions within the bounds of
its knowledge of its business and operations, there can be no
assurance that actual results, performance, or achievements of the
Company will not differ materially from any future results,
performance or achievements expressed or implied by such
forward-looking statements. Forward-looking statements involve a
number of risks and uncertainties, including the rapidly changing
uncertainties related to the COVID-19 pandemic and its potential
adverse effect on the economy, our employees and customers, and our
financial performance. For details on other factors that could
affect expectations, see the risk factors and other cautionary
language included in the Company’s Annual Report on Form 10-K for
the year ended December 31, 2021, and other filings with the
Securities and Exchange Commission.
CONTACTS
Scott C. Harvard |
Dennis A. Dysart |
Chief Executive Officer |
President and Chief Operating
Officer |
(540) 465-9121 |
(540) 465-9121 |
sharvard@fbvirginia.com |
ddysart@fbvirginia.com |
|
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A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/b137fb8e-d17b-4046-8ea3-d5113ab8f7cc
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