First Community Bankshares, Inc. · NASDAQ:FCBC
First Community Bankshares — First Community Bancshares — Merger or Acquisition (June 2014)
6 slides from First Community Bankshares's merger presentation, Jun 10, 2014
Slide 1: Deposit Acquisition Summary
Deposit Acquisition Summary June 10, 2014 www.fcbinc.com
Slide 2: Forward-looking statements
This presentation may include forward - looking statements. These forward - looking statements include, but are not limited to, statements about (i) the benefits of merger and acquisition activity involving First Community Bancshares, Inc. and subsidiaries (the “Company”), including future financial
Slide 3: Expanding network in strategic fashion
Expanding network in strategic fashion 3 Acquired branches are contiguous to current legacy footprint and help to fill out Southwest Virginia and connect to Winston - Salem, N. Carolina. Blacksburg and Abingdon, Virginia, locations represent excellent growth opportunities. Remaining locations are ty
Slide 4: Attractive deposit mix
Attractive deposit mix 4 Acquired deposit mix Cost of deposits only 29 basis points Demand 36% Savings 7% Money market 21% Time 36% Pro forma deposit mix Demand 37% Savings 13% Money market 14% Time 36%
Slide 5: Transaction summary
Transaction summary 5 Type: Acquisition of deposit liabilities , 7 branch properties at net book value, and 2 off - site ATM’s. Deposits: The deposit base is predominately retail oriented, highly diversified, and does not have significant concentrations. Actual deposit s at November 30, 2013, are $4
Slide 6: Transaction summary
Transaction summary 6 Loans: None Timing: Closing fourth quarter 2014 Cost Savings: None Earnings Impact: Expected to be accretive upon investment of cash received. Capital Impact: Pro forma TCE of 7.9% at closing. Sensitivity Impact: Transaction modeled to be interest rate risk neutral. Franchise I
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