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Virginia
(State or other jurisdiction of incorporation)
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1-38874
(Commission File Number)
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54-1232965
(IRS Employer Identification No.)
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112 West King Street
Strasburg, Virginia
(Address of principal executive offices)
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22657
(Zip Code)
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Common Stock, par value $1.25 per share
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FXNC
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The Nasdaq Stock Market LLC
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Item 8.01
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Other Events.
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Item 9.01
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Financial Statements and Exhibits.
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(d)
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Exhibits.
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Exhibit No.
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Description
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| 99.1 | Press Release dated November 13, 2025 |
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| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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FIRST NATIONAL CORPORATION
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(Registrant)
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Date: November 12, 2025
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By:
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/s/ Brad E. Schwartz
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Brad E. Schwartz |
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Executive Vice President and Chief Financial Officer
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Exhibit 99.1

FIRST NATIONAL CORPORATION ANNOUNCES 9.7% INCREASE
IN QUARTERLY CASH DIVIDENDS
STRASBURG, Va., November 13, 2025 (GLOBE NEWSWIRE) -- First National Corporation (the “Company” or “First National”) (NASDAQ: FXNC), the bank holding company of First Bank (the “Bank”), announced its Board of Directors declared a quarterly cash dividend of $0.17 per share to shareholders of record on November 28, 2025, to be paid on December 12, 2025. This is an increase of 9.7% from the previous quarterly dividend payment of $0.155 per share.
“We are pleased to announce this increase in dividends for our shareholders based on our strong financial performance. We have increased our annual cash dividend payout every year for the past ten years,” said Scott Harvard, President and Chief Executive Officer of First National.
ABOUT FIRST NATIONAL CORPORATION
First National Corporation (NASDAQ: FXNC) is the parent company and bank holding company of First Bank, a community bank that first opened for business in 1907 in Strasburg, Virginia. The Bank offers loan and deposit products and services through its consumer and business mobile banking platforms, a network of ATMs located throughout its market area, three loan production offices, a customer service center in a retirement community, and thirty-three bank branch office locations located throughout the Shenandoah Valley, the Roanoke Valley, the Richmond MSA, the south-central region of Virginia, and in northern North Carolina. In addition to providing traditional banking services, the Bank operates a wealth management division under the name First Bank Wealth Management. First Bank also owns First Bank Financial Services, Inc., which owns an interest in an entity that provides title insurance services.
CONTACTS
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Scott C. Harvard |
Brad E. Schwartz | |
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President and CEO |
Executive Vice President and CFO |
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(540) 545-7695 |
(540) 465-6130 |
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sharvard@fbvirginia.com |
bschwartz@fbvirginia.com |