First Community to acquire Main Street Financial in $243 million stock deal
First Community Bankshares agreed on October 27, 2026, to acquire Main Street Financial Services Corp., a Wooster, Ohio bank holding company with approximately $1.6 billion in assets as of September 30, 2026. Main Street shareholders would receive 0.6174 First Community shares per share, an aggregate transaction value the companies put at approximately $243 million, and the deal requires shareholder, regulatory and Nasdaq approvals before an expected closing in early in the second quarter of 2027.
Key points
- Exchange ratio of 0.6174 First Community shares per Main Street share, or approximately $30.14 per share based on First Community's $48.82 10-day volume-weighted average price as of October 26, 2026
- Aggregate transaction value of approximately $243 million; the companies say the combined organization would have approximately $5.2 billion in assets before transaction-related adjustments
- Main Street would pay a $9.61 million termination fee in specified circumstances; either party may terminate if the merger is not completed by August 31, 2027
- Expected to close early in the second quarter of 2027, subject to shareholder votes and approvals from the Federal Reserve and Virginia and West Virginia regulators
The filing
Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 28, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.