BLUEFIELD, Va. First Community Bancshares has completed its $6.5 million purchase of Citizens Southern Bank Inc. of Beckley, W. Va.
First Community, with $1.1 billion of assets, is the third-largest banking company headquartered in Virginia. With its acquisition of $65 million-asset Citizens Southern, First Community now has $700 million of assets in West Virginia.
Samuel L. Elmore, chief executive officer of the five-year-old Citizens Southern, was appointed executive vice president and regional director of First Citizens.