First Community Bankshares, Inc. · NASDAQ:FCBC
First Community Bankshares — Merger or Acquisition (October 2026)
18 slides from First Community Bankshares's merger presentation, Oct 28, 2026
Slide 1: Expands into Ohio Through Acquisition of Main Street Financial Services Corp.
First Community Bankshares, Inc. (NASDAQ: FCBC) Expands into Ohio Through Acquisition of Main Street Financial Services Corp. (OTCQX: MSWV) Investor Presentation October 28, 2026
Slide 2: Compliance Disclosures
Beers, Community Compliance Disclosures Bankshares, Inc. Additional Information About the Proposed Transaction and Where to Find It This shal not ‘an offer to sll, the of an offer to sel, or the solicitation ofan offer to buy any securities or the solicitation of any vote or approval or shall there
Slide 3: Legal Disclaimer: Forward-Looking Statements
Beers, . Community Legal Disclaimer Bankshares, Inc. Forward-Looking Statements Certain of the ‘made in this pr may constitute king within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking st
Slide 4: Transaction Highlights & Merger Rationale
Beers, Transaction Highlights & Merger Rationale Community Main Street extends First Community into Easter Ohio with a high-performing, value-accretive franchise Combines FCBC's strong core deposit franchise and liquidity with MSWV's outstanding loan asset generation engine and economically robust m
Slide 5: Pro Forma Franchise Overview
se BEF Main Street Pro Forma Franchise Overview Community, —— COMPLEMENTARY FOOTPRINTS PRO FORMA SCALE (9/30/2026) $5.2B $1.2B Total Assets Market Cap. Ohio, Me sw Ponngyialta ie $3.8B $4.5B co te Gross Loans Total Deposits en £ = oi . ‘Marylano © t 85% 82 . : Loans / Deposits Branch Locations West
Slide 6: Transaction Overview
First 7 . Communi Transaction Overview Bankshares Inc. ion mix: 100% common stock Merger Consi Consideration & Deal Value Fixed exchange ratio: 0.6174 shares of FCBC common stock for each share of MSWWV common stock Outstanding MSW options to be cashed out lerger consideration: $30.14 per share, or
Slide 7: Overview of Main Street Financial Services Corp.
Ss . . . . . Main Street Overview of Main Street Financial Services Corp. = CORPORATE OVERVIEW PRESENCE IN STRONG OHIO MARKETS Mswy (OTCQX) [ Wooster oho 7 Gioveana " sa FINANCIAL HIGHLIGHTS (9/30/2026) Sl eet U ° $1.68 1.62% 7.82% 0 cps $1.3B 20.5% hd ne ‘[Onsw po Proven organic growih engine on bo
Slide 8: Main Street Has Built Meaningful Earnings Momentum
ee 7 . . . Main Street Main Street Has Built Meaningful Earnings Momentum aa ROAA NET INTEREST MARGIN 158% 1.62% tay 137% 130% arm Gu seo 306K 380% oo oo le 23 oe 8 Su Ss Sh ah Sh we the ae Ss ae ms EFFICIENCY RATIO GROSS LOANS & TOTAL DEPOSITS or, ot zs 20s 0502S Ce ms 2s oS Gross Loans =Total Depo
Slide 9: Entry into Attractive Ohio Markets
Entry into Attractive Ohio Markets SCARCITY VALUE IN OHIO Beers, Community Bankshares, Inc. OHIO BECOMES A CORE FCBC MARKET @39 eu Ssoom- ssn t.28%+ nests oak BANKS Ha'D IN OHIO EASTERN OHIO BY THE NUMBERS() TN NC 1% 18% yl $8B13M cers 18% Fine Deposits by Yam wv 48% Deposits or 3 RD Largest fa Stat
Slide 10: Pro Forma Loan & Deposit Composition
comttt Pro Forma Loan & Deposit Composition ) po ie MRQ Cost of Deposits: 0.67% MRA Cost of Deposits: 2.49% MQ Cost of Deposits: 1.18% LoanDeposit Ratio: 82% LLoan/Deposit Ratio: 81% Loan/Deposit Ratio: 85%
Slide 11: Key Transaction Assumptions
First. Community Key Transaction Assumptions Bankshares, Inc. Earnings Estimates Cost Savings ] Merger Expenses Purchase Accounting Marks Balance Sheet Repositioning Other Assumptions FCBC eamings per consensus Street estimates. MSW eamings per FCBC management estimates 25% of MSWV's projected non-i
Slide 12: Pro Forma Impact
Pro Forma Impact aa COMPELLING ECONOMICS & SUPERIOR EARNINGS(1(2) Beers, Community Bankshares, Inc. CAPITAL STRENGTH(?) 79% Pay-To-Trade Ratio. 0.8 Yr. TRV Eanback (Crossover) (2.7)% em 20% IRR 18.9% uly: Phased 2027E EPS Accretion’® 1.79% 18.8% Fully. Prased Fully: Phased 2027 ROAA 2027 ROATCE 52%
Slide 13: Pro Forma Profitability vs. Peers
Beers, Community Pro Forma Profitability vs. Peers Bankshares, Inc. FCBC PRO FORMA‘) PEERS - 2027E(?) 179% 1.48% 1.25% ROAA Fully-Phased 20276 Peer Median Peer Top Quartile 18.0% 13.1% 14.0% ROATCE Fully-Phased 2027E Peer Median Peer Top Quartile 58% 52% 52% EFFICIENCY RATIO Fully-Phased 2027E Peer
Slide 14: Proven Capacity for Disciplined M&A Execution
Be First Community Proven Capacity for Disciplined M&A Execution Bankshares, Inc. : URREY? Ori HOMETOWN URREY? MBixecons. JANCORP highlands ANNOUNCED July 2025, November 2022 September 2019 COMPLETED January 2026 April 2023 December 2019 CORE SYSTEMS CONVERSION At Close At Close January 2020 STATE(S
Slide 15: Thorough Credit and Operational Due Diligence
First. Thorough Credit and Operational Due Diligence Community Detailed commercial and mortgage loan file review by FCBC’s credit team Management meetings with Main Street's senior leadership, including President & CEO Mark Witmer, across each diligence focus area Review of historical external loan
Slide 16: Positioned to Benefit All Stakeholders
Positioned to Benefit All Stakeholders Beers, Community Bankshares, Inc. SHAREHOLDERS om Enhanced pro forma profitabilty: 1.79% ROAA and 18.8% ROATCE") Strong balance sheet and capital position: 10.4% TCE / TAand 13.9% CET-12 Continued FCBC capital management methodology, targeting distribution of 1
Slide 17: A Disciplined Approach to M&A Has Driven Long-Term Shareholder Value
A Disciplined Approach to M&A Has Driven Long-Term Meirse . ommunity Shareholder Value Bankshares, Inc. DIFFERENTIATED FRANCHISE ] 150-year history of relationship-focused community banking ] Low-cost core deposit franchise supporting strong profitability DISCIPLINED CAPITAL ALLOCATION | Proven acqu
Slide 18: Tit |i)
Tit |i) One Community Place PO Box 989 Bluefield, VA 24605 (276) 326-9000
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