First National (FXNC) in Strasburg, Va., has formed a mortgage division.
First Mortgage in Stanton, Va., will serve as an extension to the company's First Bank, which has 10 branches in northern Virginia. George Ballew, a veteran banker who has been in Staunton for nearly 20 years, will serve as the division's chief executive.
Ballew previously served as a mortgage market manager at BB&T (BBT). He was also a mortgage division manager for Planters Bank & Trust of Virginia for about 14 years.
The $334 million-asset First Bank also owns an investment and title insurance unit.