Material Event (Form 8-K)

On December 30, 2025, First Community Bankshares, Inc. (the "Company") received regulatory approval from the Commonwealth of Virginia State Corporation Commission Bureau of Financial Institutions ("BFI") to merge Union Bank, Inc., a wholly-owned subsidiary of Hometown Bancshares, Inc. ("Hometown"), with and into First Community Bank, a wholly-owned subsidiary of the Company (the "Bank Merger") in connection with the previously announced merger (the "Merger") of Hometown with and into the Company pursuant to the Agreement and Plan of Merger dated July 19, 2025 (the "Merger Agreement"), by and between the Company and Hometown.

The BFI approval satisfies the final regulatory condition required to complete the transaction contemplated by the Merger Agreement.

Completion of the transaction remains subject to the satisfaction or waiver of remaining customary closing conditions, and is currently expected to close during the first quarter of 2026.