MERGER PROPOSED—YOUR VOTE IS VERY IMPORTANTMerger Agreement • July 9th, 2024
Contract Type FiledJuly 9th, 2024On March 25, 2024, First National Corporation, which we refer to as First National, and Touchstone Bankshares, Inc., which we refer to as Touchstone, entered into an Agreement and Plan of Merger, which we refer to as the merger agreement, pursuant to which Touchstone will merge with and into First National, with First National as the surviving corporation, in a transaction that we refer to as the merger. Simultaneously with or immediately following the merger, Touchstone Bank, the wholly owned banking subsidiary of Touchstone, will be merged with and into First Bank, the wholly owned banking subsidiary of First National, in a transaction that we refer to as the bank merger.