Insider Trading Alert: First National Corp. $FXNC

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First National Corp. (OTCBB:FXNC) insider have most recently took part in a trading activity. On Dec 28, 2017 Funk William Michael, Director bought 766 shares having total worth of $13,788 at the price of $18 per share, following the transaction a total of 7,423 shares owned by Funk William Michael. Before this latest buy, Funk William Michael purchased FXNC at 1 other times during the past twelve months, for a total investment of $3,861 at an average of $12.87 per share.

Furthermore, over the past 12 months , the stock was traded 5 times by insiders. an employee of the company was the buyer in 5 instances.

First National Corporation was incorporated under the laws of the Commonwealth of Virginia on September 7, 1983. On June 1, 1994, the Bank consummated such conversion and changed its name to First Bank. It is a financial holding Company of First Bank, First National (VA) Statutory Trust I (Trust I), First National (VA) Statutory Trust II (Trust II), First National (VA) Statutory Trust III (Trust III). The Bank owns: First Bank Financial Services, Inc. and Shen-Valley Land Holdings, LLC. First Bank Financial Services, Inc. invests in partnerships that provide title insurance and investment services. Shen-Valley Land Holdings, LLC was formed to hold other real estate owned and future office sites. The Trusts were formed for the purpose of issuing redeemable capital securities, commonly known as trust preferred securities. The Bank’s primary market area is located within the northern Shenandoah Valley region of Virginia, including Shenandoah County, Warren County, Frederick County and the City of Winchester. Within the market area there are various types of industry including medical and professional services, manufacturing, retail and higher education. Customers include individuals, small and medium-sized businesses, local governmental entities and non-profit organizations. The Bank provides loan, deposit, investment, trust and asset management and other products and services in the northern Shenandoah Valley region of Virginia. Loan products and services include personal loans (including automobile and property improvement loans), residential mortgages, home equity loans and commercial loans. Deposit products and services include checking, savings, NOW accounts, money market accounts, IRA accounts, certificates of deposit, cash management and direct deposit services. The Bank offers other services, including safe deposit rentals, travelers and gift cards, internet banking, wire transfer services, remote deposit capture and other traditional banking services. The Company competes with other community banks, large financial institutions, savings banks, consumer finance companies, insurance companies, credit unions, internet-based banks and money market mutual funds.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.