First Community Bank

What First Community Bank does

First Community Bank (NASDAQ: FCBC) is a Virginia state-chartered, FDIC-insured regional community bank headquartered in Bluefield, Virginia, operating approximately 67 financial centers across West Virginia, Virginia, and North Carolina, with active expansion into Georgia following the January 2026 close of the Signature Bank of Georgia acquisition. The company is the operating subsidiary of First Community Bankshares, Inc., a publicly traded holding company incorporated in Virginia, with $3.26 billion in total assets, 501–1,000 employees, and 41+ consecutive years of regular dividends (13+ years of consecutive dividend growth).

The bank serves consumer, small/mid-size business, and wealth-management customers through three integrated product lines: (1) personal and business banking — checking, savings, money market, IRAs/CDs, personal and commercial loans, mortgages (conventional, FHA, USDA, VA, HELOC), credit cards, merchant services, and remote deposit capture; (2) digital banking delivered via the Xpress by FCB mobile app, browser-based online banking, XpressAccess (a COPPA-compliant children's banking app launched January 14, 2026), and a ~50-ATM XpressBanker network with video-teller capability; and (3) wealth management and trust services (75+ year heritage) offered through a partnership with Raymond James Financial Services across Bluefield, Princeton, and Boone. Supporting integrations include Zelle (P2P), Apple/Google/Samsung Pay, Authy 2FA, Deluxe check printing, and ProfitStars loan payments.

Revenue is generated primarily through net interest income on loans (mortgages, personal, commercial, credit cards) and deposits, supplemented by transaction-based fees (overdraft up to $38/item, paper statement, ATM), credit card interest and fees (APR 13.40–22.40%, balance transfer, cash advance, foreign transaction), referral revenue (Tell-A-Friend, Buy Back Program), and wealth-management revenues from the Raymond James channel. Distribution combines a direct-to-consumer branch network, self-serve mobile/online channels, and partner channels. Recent strategy has emphasized disciplined M&A (Surrey in 2023, Signature Bank of Georgia and Union Bank/Hometown Bancshares in January 2026) to expand geography, deposits, and loan books in the mid-Atlantic and Southeast.

Name

First Community Bank

Legal name

First Community Bank

Website

https://firstcommunitybank.com

Company type

Public

Founded year

1949

Operating status

Operating

Headcount range

501–1,000 employees

Short description

First Community Bank (NASDAQ: FCBC) is a Virginia-chartered regional community bank operating roughly 67 financial centers across West Virginia, Virginia, North Carolina, and Georgia, serving consumers, small/mid-size businesses, and wealth-management clients with deposits, loans, digital banking, and Raymond James-partnered trust services.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

Credit Cards & Revolving Credit (FSABAAAC), Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI)

Keywords

• Community banking services
• Commercial lending products
• Mortgage and home equity
• Wealth management services
• Retail deposit accounts

Headquarters

HQ city

Bluefield

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain, Others

Revenue model

1. Interest Income: First Community Bank generates primary revenue through interest income on loans including mortgages, personal loans, business loans, and credit cards. The bank offers competitive rates on various loan products including conventional, FHA, USDA, and VA mortgage loans.
2. Credit Card Fees: Revenue from credit card operations including purchase interest charges (APR 13.40%-22.40% based on creditworthiness), balance transfer fees (either $10 or 5%), cash advance fees, foreign transaction fees (3%), and late payment fees up to $39.
3. Wealth Management: First Community Bank offers trust services and wealth management through a partnership with Raymond James Financial Services, providing investment management, retirement planning, and estate settlement services.
4. Deposit Account Fees: Fees collected from deposit accounts including overdraft fees ($38 per transaction, max $228/day), monthly maintenance fees on certain accounts, paper statement fees ($3), and ATM fee refunds up to $15/month.
5. Referral Program: Tell-A-Friend referral program where existing customers receive $20 for each new checking account opened through referral.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

First Community Bank is a regional community bank offering personal and business deposit accounts (checking, savings, money market, IRAs, CDs), consumer and commercial loans (mortgages, home equity, personal loans, business loans), Visa credit cards, merchant services, payroll/HR services, and wealth management and trust services delivered through a Raymond James partnership. Banking is delivered through 67 financial centers, a nearly 50-ATM XpressBanker network with video tellers, the Xpress by FCB mobile app, online banking, and the 2026-launched XpressAccess children's banking application.

Product overview

First Community Bank is a regional community bank offering a comprehensive suite of banking products and services across personal, business, and wealth management segments. The core banking platform includes multiple checking account variants (Community Free, Community Connect, Community Preferred, Community Interest, Community 50, KidsXpress), savings and money market accounts, personal and business credit cards, mortgage products, and commercial banking services. Digital banking is delivered through Xpress by FCB mobile app and Online Banking, supplemented by the Xpress Banker ATM network (nearly 50 locations), XPress Telephone Banking, and integrated services including Mobile Deposit, Online Bill Pay, Zelle P2P payments, MyFinance budgeting tools, and XpressPoints rewards. Wealth management and trust services are provided through a partnership with Raymond James. The 2026 launch of XpressAccess introduced a children's banking mobile application with COPPA-compliant features for financial education. The bank operates primarily in the mid-Atlantic and southeastern United States with locations across West Virginia, Virginia, North Carolina, and expansion into Georgia and Texas through recent acquisitions.

Differentiator

Problem solved

Functional benefit

Brands

• Xpress by FCB: Mobile banking app for iOS and Android devices offering account access, mobile deposits, bill pay, and account management.
• Community Connect
• KidsXpress
• XpressPoints
• Credit Xpress
• MyFinance

Products and services

• Community Free Checking Free personal checking account with unlimited check writing, no minimum balance requirements, no monthly service charge, free Visa Debit Card, and access to digital banking services.
• Community Connect All-digital Bank On-certified checking account with no monthly maintenance fees, no minimum deposit, and no overdraft privilege, designed for consumers seeking affordable basic banking with 24/7 mobile and ATM access.
• Community Preferred Checking Premium personal checking with $6.95 monthly service charge that includes Preferred Perks benefits, free cashier's checks, and a free initial check order.
• Community Interest Checking Interest-bearing personal checking account with $10 monthly service charge waivable with $1,000 minimum daily balance or $10,000 relationship balance.
• Community 50 Checking Personal checking account designed for customers age 50 and older with special benefits and features tailored to this demographic.
• Community Savings Interest-bearing personal savings account with tiered APY rates from 0.25% to 1.508% based on balance, no minimum opening deposit, quarterly interest crediting, and $12 quarterly maintenance fee waived with $100 minimum daily balance.
• Community Money Market Personal money market account with tiered APY from 0.75% under $100,000 to 1.05% at $250,000+, requiring $500 minimum balance to waive the $10 monthly maintenance fee; limited to 6 transfers/withdrawals per statement cycle.
• Personal IRAs and CDs Individual Retirement Accounts (Traditional and Roth) with $100 minimum opening deposit, plus Certificates of Deposit with $1,000 minimum, fixed interest rates, and various maturity terms.
• Personal Credit Cards Visa personal credit cards with no annual fee, introductory 0% APR for 12 months on merchandise transactions, variable APR 13.40%–22.40%, and management via the Credit Xpress mobile/online platform.
• Debit Cards Free Visa Debit Card issued with every checking account, featuring instant-issue at branches, contactless payment, network of nearly 50 free ATMs, and ATM fee refunds up to $15/month when using other banks' ATMs.
• Personal Loans and Lines of Credit Personal installment loans for vehicle purchases, debt consolidation, and personal expenses, plus personal lines of credit with $5,000 minimum, automatic payment options, competitive rates, and flexible payment dates.
• Mortgage and Home Equity Products Home financing services including conventional loans, FHA loans, USDA loans, VA loans, home equity lines of credit, and refinancing options, supported by a borrower portal for applications and mortgage calculators.
• Commercial Services (Business Banking) Business banking services including business checking accounts, commercial loans, merchant/card processing services, digital banking for business with ACH generation and wire transfers, payroll services, and Remote Deposit Capture.
• Business Credit Cards Business Visa credit cards with no annual fee, introductory 0% APR, controlled spending features with variable credit limits and authorization controls, plus Business Card Manager and Credit Xpress account management.
• Merchant Services Credit card processing services for business merchants enabling acceptance of card payments at retail locations and online.
• Payroll and HR Services Business payroll processing and human resources management services for commercial customers.
• Credit Xpress Mobile app and online portal for managing First Community Bank credit cards, featuring transaction tracking, card controls, spending limits, alert customization, and bill payment across multiple cards.
• XpressBanker ATM Network Network of nearly 50 state-of-the-art ATMs available 24/7 with cash/check deposits, withdrawals, loan payments, account transfers, debit card PIN changes, and some with face-to-face video conferencing during customer care hours.
• Xpress by FCB Mobile Banking App Mobile banking application available on iOS and Android for account management, mobile deposits, bill pay, Zelle transfers, card management, alerts, and access to MyFinance budgeting tools.
• Online Banking Browser-based digital banking platform providing 24/7 access to account management, bill payment, fund transfers, eStatements, alerts, and business ACH/wire services for commercial customers.
• XPress Telephone Banking 24/7 toll-free telephone banking service providing account information access for deposit and loan accounts via touch-tone phone.
• First Community Wealth Management Investment and wealth management services offered through partnership with Raymond James Financial Services, including financial planning, investment management, and retirement strategies.
• Trust Services Fiduciary services including personal trusts, estate planning, investment management, retirement plans, IRAs, and employee benefit plan services, provided for more than 75 years.
• KidsXpress and XpressAccess Children's Banking App KidsXpress is a bank account designed for children and teens with parent-connected oversight, built-in spending controls, and integration with the XpressAccess mobile app for learning financial literacy skills. XpressAccess is the associated mobile application offering chores tracking, allowance management, spending controls, and gamified trophy rewards.
• Safe Deposit Boxes Secure vault storage for valuables including documents, jewelry, and data backup drives, available in various sizes at select branch locations.

Quantifiable outcome

• Over 40 consecutive years of dividend payments demonstrating financial stability
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Feature5 records

Partnerships

Two partnerships are on record, tiered core.

• Raymond James Financial ServicescoreChannel Partner/ Reseller/ DistributorFirst Community Bank offers wealth management and trust services through a partnership with Raymond James Financial Services. Securities are offered through Raymond James Financial Services, Inc., member FINRA/SIPC. The partnership provides investment management, retirement planning, and estate settlement services to bank customers through Raymond James advisors located in Bluefield, WV, Princeton, WV, and Boone, NC.
• Early Warning Services (Zelle)coreTechnology or IntegrationFirst Community Bank integrates Zelle for real-time person-to-person payments through its Xpress by FCB mobile banking app. Zelle enables customers to send and receive money directly between bank accounts enrolled through the FCB mobile app or online banking.

Scale indicators10 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Peoples Bancorp of North Carolina: NC-based community bank holding company operating across central and coastal North Carolina; overlaps directly with FCBC's NC branch expansion from the Surrey acquisition (DIRECT_PEER)
• ChoiceOne Financial Services: Michigan-based community bank with comparable asset size and full-service branch+digital community banking model; useful for benchmarking growth profile and M&A integration patterns (DIRECT_PEER)
• National Bankshares: Holding company for National Bank of Blacksburg, a Virginia-based community bank of comparable size and branch-driven retail/commercial banking model; directly comparable given overlapping Virginia footprint and community-bank positioning (DIRECT_PEER)
• City Holding Company: West Virginia-based parent of City National Bank, operating a community banking model across WV, VA, KY, OH with similar product breadth including mortgages, consumer and business banking; highly comparable on geography, segment, and asset scale (DIRECT_PEER)
• Summit Financial Group: Holdco for Summit Community Bank, a West Virginia community bank with branch network across WV and VA; closely comparable to First Community Bank by regional footprint, size, and product mix including wealth management (DIRECT_PEER)
• Bank of the James Financial Group: Lynchburg, Virginia community bank with similar full-service retail/business banking, mortgage, and wealth offerings; highly comparable on geography and mid-size community-bank profile (DIRECT_PEER)
• Evans Bancorp: Western New York community bank with similar asset scale, retail/business/wealth product breadth, and a comparable focus on community banking with digital enhancements (DIRECT_PEER)

Broad incumbents

• United Bankshares: Large West Virginia regional bank (~$28B assets) operating across the DC-Metro, VA, MD, OH, and Carolinas; significantly larger but overlapping products, geography and customer segments as a key incumbent competitor (BROAD_INCUMBENT)
• Atlantic Union Bankshares: Virginia-headquartered regional bank operating across VA, MD, NC, and DC Metro with full-service consumer, business, mortgage, and wealth products; directly competitive in FCBC's core Virginia market but at larger scale (BROAD_INCUMBENT)
• Truist Financial Corporation: Top regional bank with dominant presence across the Carolinas, Virginia, and West Virginia; competes with FCBC for retail deposits, mortgages, and small-business banking in core geographies despite vastly larger scale (BROAD_INCUMBENT)

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/first-community-bank-312314919518
• LinkedInlinkedin.com/company/first-community-bank
• Instagraminstagram.com/first_community_bank

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about First Community Bank