First National Corporation

First National Corporation is a publicly traded regional bank holding company operating a branch network across Virginia, North Carolina, and Georgia, offering commercial and consumer banking products including deposits, loans, cash management, and digital banking services to retail and business customers.

Company typePublic
Founded1900
HeadquartersRockland, United States
Headcount1–10
GTM typeB2B and B2C
OfferingServices

What First National Corporation does

First National Corporation is a publicly traded bank holding company that completed the acquisition of Signature Bank of Georgia on January 8, 2026, expanding its loan portfolio by $195.5 million and deposit base by $229.8 million. The company operates a regional branch network across Virginia and North Carolina (reducing from 33 to 28 offices through a 2026 branch optimization initiative) and now extends into Georgia through the acquisition. First National Corporation serves retail consumers and commercial borrowers, offering traditional banking products including deposit accounts, commercial and consumer loans, cash management, and digital banking channels. Revenue is generated primarily through interest income on the loan portfolio, deposit-based revenue streams, and non-interest banking fees, with the company reporting Q1 2026 net income of $5.498 million, up 37.6% year-over-year.

The company's business model follows a conventional community banking architecture: gathering deposits through its branch network and deploying funds into commercial and retail loans at interest rate spreads. The company also operates a wealth management subsidiary, First National Advisors, which provided services including wealth planning, investment management, tax planning, and estate planning. Effective January 1, 2026, First National Advisors joined Mariner Wealth Advisors, transitioning the wealth management function outside the bank holding company and giving bank clients access to a broader national advisory platform.

First National Corporation firmographics

Firmographics

Name: First National Corporation
Legal name: First National Corporation
Website: https://fncadvisor.com
Company type: Public
Founded year: 1900
Operating status: Operating
Headcount range: 1–10 employees
Short description: First National Corporation is a publicly traded regional bank holding company operating a branch network across Virginia, North Carolina, and Georgia, offering commercial and consumer banking products including deposits, loans, cash management, and digital banking services to retail and business customers.
Ownership category
akta.pro rank

First National Corporation industry classification

Industry

Product category: Community Banking
NAICS: Commercial Banking (52211), Portfolio Management and Investment Advice (523940)
SIC: State Commercial Banks (6022)
akta.pro primary industry: Onshore Private Banking (Domestic HNW/UHNW) (FSAAABAA)

Keywords

Community banking services
Commercial lending
Consumer deposit accounts
Digital banking platforms
Wealth advisory services

Where First National Corporation is headquartered

Location

Headquarters

HQ city: Rockland
HQ country: United States
HQ region: North America

Offices2 records

Markets served

First National Corporation business model

Business model

GTM type: B2B and B2C
Offering type: Services
Cost components: Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

Interest Income: Interest earned on loan portfolio including commercial and retail lending. As a bank holding company, the primary revenue driver is interest income from the $195.5 million in loans acquired from Signature Bank of Georgia plus organic loan growth of $42.6 million on a linked quarter annualized basis.
Deposit-Based Revenue: Revenue generated from deposit-taking activities. The acquisition of Signature Bank of Georgia added $229.8 million in deposits, with organic deposit growth of $68.9 million on a linked quarter annualized basis.
Non-Interest Income and Fees: Banking fees and service charges. Q1 2026 results reflect diversified revenue streams beyond interest income, contributing to the 37.6% year-over-year net income increase to $5.498 million.

Distribution channels2 records

Marketing channels2 records

First National Corporation product offering

Product offering

Core offering

First National Corporation operates as a regional bank holding company providing core banking products — deposit accounts, commercial loans, consumer loans, cash management, and treasury services — through a branch network across Virginia and North Carolina. The company invests in digital banking solutions as part of a branch optimization strategy and, through its subsidiary First National Advisors (now operating within Mariner Wealth Advisors), provides wealth planning, investment management, tax planning, estate planning, and trust services.

Product overview

First National Corporation operates as a regional banking institution offering traditional banking products and services. The company provides deposit products and loan products through its branch network, with 28 banking offices across North Carolina and Virginia following the optimization initiative. The product portfolio centers on core commercial and consumer banking services, with ongoing investment in digital banking solutions as part of the branch optimization strategy.

Differentiator

Problem solved

Functional benefit

Products and services

Banking Services Traditional banking services including deposit products (consumer and business deposit accounts), commercial and consumer loan products, cash management, and treasury services for individuals and businesses in the Virginia and North Carolina markets.
Wealth Advisory Services Wealth planning, investment management, tax planning and preparation, estate planning, and trust services delivered through the First National Advisors subsidiary, which joined Mariner Wealth Advisors effective January 1, 2026 to expand advisory resources supporting existing client relationships.

Quantifiable outcome

37.6% year-over-year increase in Q1 2026 net income to $5.498 million
+1 more outcomes

Companies that use First National Corporation

Customer profile

Segments3 records

Ideal customer profiles2 records

First National Corporation technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

First National Corporation partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered core and minor.

Signature Bank of GeorgiacoreStrategic or Co-development Partner · 8 January 2026First National Corporation completed the acquisition of Signature Bank of Georgia on January 8, 2026. This strategic acquisition significantly expanded the company's loan portfolio by $195.5 million and deposit base by $229.8 million, contributing to the 37.6% year-over-year increase in Q1 2026 net income. The acquisition represents a core strategic expansion of the bank's market presence and customer base.
MarinerminorStrategic or Co-development Partner · 1 January 2026Effective January 1, 2026, First National Advisors joined Mariner, a national advisory firm. First National Advisors operates as part of Mariner's wealth management division, offering services including wealth planning, investment management, tax planning, estate planning, and trust services. This transition expands resources available to existing clients while maintaining client relationships under the Mariner brand.

Scale indicators8 records

Recent moves6 records

Expansion highlights4 records

First National Corporation competitors and assessment

Company assessment

Broad incumbents

Truist Financial Corporation: Large regional bank holding company with dominant VA and NC presence. Major competitive incumbent in First National Corporation's core markets, offering a full suite of commercial, retail, wealth, and digital services at greater scale.
Wells Fargo & Company: National bank holding company with significant VA/NC branch presence and full-service commercial, retail, and wealth management capabilities. Competes for SMB and consumer banking relationships across the bank's footprint.

Direct peers

TowneBank: VA and NC-focused community bank holding company with overlapping branch geography and similar commercial/retail banking product mix. Directly comparable in market and business model.
Carter Bankshares, Inc. VA and NC-focused community bank holding company with comparable branch footprint and commercial/retail banking offerings. Direct competitor in overlapping Virginia markets.
S&T Bancorp, Inc. PA-headquartered community bank holding company of similar size with traditional commercial and consumer banking focus. Comparable scale, business mix, and regional bank operating model.
First Community Bankshares, Inc. WV and VA-headquartered community bank holding company with similar small-cap profile, traditional deposit/lending franchise, and branch-based distribution model serving regional markets.
Pinnacle Financial Partners, Inc. TN-headquartered community bank holding company with similar small-cap profile, branch-light growth strategy, and commercial banking focus. Comparable business model and scale trajectory.
Atlantic Union Bankshares Corporation: VA-headquartered regional bank holding company operating a similar community/commercial banking franchise with comparable deposit gathering, commercial lending, and digital banking strategies. Most direct geographic and operational peer to First National Corporation.
CVB Financial Corp. CA-based community bank holding company with similar small-cap profile, conservative underwriting culture, and traditional deposit-funded lending model. Useful for benchmarking community bank operating metrics.

Emerging players

Mariner Wealth Advisors: National SEC-registered investment advisory firm that absorbed First National Advisors. Direct comparator in wealth advisory services and a current strategic partner for First National Corporation's wealth cross-sell strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

First National Corporation financial estimates

Financial estimate

Revenue estimate

Valuation estimate

First National Corporation leadership team

Management profile

Number of profiles

First National Corporation subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

First National Corporation funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

First National Corporation M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about First National Corporation

What does First National Corporation do?

Is First National Corporation a public or private company?

First National Corporation is a public company. It is classified as public and is currently operating.

When was First National Corporation founded?

First National Corporation was founded in 1900. It employs 1 to 10 people.

Where is First National Corporation based?

First National Corporation is headquartered in Rockland, United States, in the North America region.

How does First National Corporation make money?

Three revenue lines are on record. Interest Income is the primary driver. The others are deposit-Based Revenue and non-Interest Income and Fees.

Who are First National Corporation's main competitors?

Broad incumbents on record are Truist Financial Corporation and Wells Fargo & Company. Direct peers are TowneBank, Carter Bankshares, Inc., S&T Bancorp, Inc., First Community Bankshares, Inc., Pinnacle Financial Partners, Inc., Atlantic Union Bankshares Corporation and CVB Financial Corp.. Mariner Wealth Advisors is listed as an emerging player.

Does First National Corporation have an API?

No public API is recorded for First National Corporation.

What industry is First National Corporation in?

First National Corporation's product category is Community Banking. Its primary akta.pro industry code is FSAAABAA, Onshore Private Banking (Domestic HNW/UHNW). Its NAICS code is 52211 and its SIC code is 6022.