First National Corp /Va/ (NASDAQ: FXNC)

First National Corp/Va, also known as FXNC, is a bank holding company that operates primarily in the financial services industry, with a focus on providing loan, deposit, and wealth management products and services. The company was incorporated in Virginia in 1983 and owns all of the stock of its primary operating subsidiary, First Bank, which is a commercial bank chartered under Virginia law.

FXNC's main business activities involve serving small and medium-sized businesses, individuals, estates, local governmental entities, and non-profit organizations. The company operates in the Shenandoah Valley, the Roanoke Valley, and central regions of Virginia, with 20 bank branch offices, a loan production office, and two customer service centers in retirement communities.

The company generates revenue through various products and services, including consumer loans, residential mortgages, home equity loans, commercial loans, checking accounts, treasury management solutions, savings accounts, money market accounts, certificates of deposit, and individual retirement accounts. The loan portfolio is comprised of various types of loans, including consumer loans, residential mortgages, home equity loans, and commercial loans. The deposit portfolio includes checking accounts, savings accounts, money market accounts, certificates of deposit, and individual retirement accounts.

The retail banking segment provides a range of deposit and loan products to individuals and small businesses, including checking accounts, savings accounts, money market accounts, certificates of deposit, and individual retirement accounts. The Bank's loan products include consumer loans, residential mortgages, home equity loans, and commercial loans. The retail banking segment is delivered through 20 bank branch offices, a loan production office, and two customer service centers in retirement communities.

The commercial banking segment provides a range of deposit and loan products to small and medium-sized businesses, including checking accounts, savings accounts, money market accounts, certificates of deposit, and individual retirement accounts. The Bank's loan products include commercial loans, lines of credit, and other financial services. The commercial banking segment is delivered through 20 bank branch offices, a loan production office, and two customer service centers in retirement communities.

The wealth management segment provides a range of investment and financial planning services to individuals and small businesses, including estate planning, investment management, trust services, and retirement planning. The wealth management segment is delivered through a team of experienced financial advisors and investment professionals.

FXNC believes its competitive advantages include long-term customer relationships, a commitment to excellent customer service, dedicated and loyal employees, and the support of and involvement in the communities that the company serves. The company's primary operating subsidiary, First Bank, generally has a strong deposit share of the markets it serves. The company's competitors include other bank holding companies and financial institutions operating in the same regions and industries.

The company's customers include small and medium-sized businesses, individuals, estates, local governmental entities, and non-profit organizations. The company's customer base is diverse and includes a range of industries, including medical and professional services, manufacturing, retail, warehousing, Federal government, hospitality, and higher education.

In terms of brand names and trade names, FXNC operates under its full name and acronym, while its primary operating subsidiary, First Bank, operates under its full name. The company's products and services do not have specific brand names or trade names mentioned in the document.