First National Corporation Announces 9% Increase in Cash Dividend
February 11 2021 - 3:09PM
The Board of Directors of First National Corporation (Nasdaq: FXNC)
declared a quarterly cash dividend of $0.12 per share on February
10, 2021. This was a 9% increase compared to the quarterly dividend
paid on December 29, 2020. The dividend is payable on March 12,
2021 to shareholders of record as of February 26, 2021.
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, 2019, and other filings with the
Securities and Exchange Commission.
ABOUT FIRST NATIONAL CORPORATION
First National Corporation (NASDAQ: FXNC) is the parent company
and bank holding company of First Bank, 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, one loan production office, a
customer service center in a retirement community, and 14 bank
branch office locations located throughout the Shenandoah Valley,
the central regions of Virginia 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.
CONTACTS
Scott C.
Harvard |
M. Shane
Bell |
President and CEO |
Executive Vice President and CFO |
(540) 465-9121 |
(540) 465-9121 |
sharvard@fbvirginia.com |
sbell@fbvirginia.com |
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