McLean Joins First Bank to Lead Richmond Expansion

STRASBURG, Va., Sept. 06, 2017 -- First National Corporation (the “Company”) (OTC:FXNC), the parent company of First Bank (the “Bank”), announced today that M. Andrew (Andy) McLean has joined the Bank as Richmond Market President and will be operating out of the newest First Bank branch in Westhampton, a neighborhood in Richmond’s west end.  He most recently served as the EVP/Chief Lending Officer at Middleburg Bank.  Andy has over 36 years of commercial banking experience including senior level positions in business development, commercial lending, credit administration, corporate development, and operations.  He brings a wealth of financial expertise, market knowledge, leadership and community banking values to the Company. 

Andy McLean First Bank Richmond Market President

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/ccbcdae6-ed12-4e81-b572-798a45eedd49

McLean is a graduate from the University of Virginia and obtained his mini-MBA from the University of Richmond in 2010.  He is actively engaged with the Virginia Bankers Association, currently serving on the Government Relations Committee and the VBA Management Services, Inc. Board.  In addition, McLean is a former Board Member of the Virginia Association of Community Banks.

With a deep history of commitment to his community, McLean’s past community activities include service to the Juvenile Diabetes Research Foundation, the Goochland Free Clinic & Family Services Foundation, and the Science Museum Foundation.  Current community affiliations include Kiwanis and the Richmond Association of Business Economics. 

“We are pleased to have Andy McLean leading First Bank’s entry into the Richmond market and excited about the prospects of growing banking relationships in the Westhampton neighborhood.  We believe that our 110 year old brand of banking that focuses on people and relationships, and now fully supported by online and mobile access, will be a welcomed addition in a market suffering from unending mergers and name changes,” stated Scott C. Harvard, Chief Executive Officer.

The Westhampton office will be located at 5601 Patterson Avenue, next to the Yellow Umbrella.  McLean and his team plan to open the office in early October following renovations to the property.  Official grand opening activities will be held in November.

FORWARD-LOOKING STATEMENTS

Certain information contained in this discussion may include “forward-looking statements” 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. These forward-looking statements relate to the Company’s future operations and are generally identified by phrases such as “the Company expects,” “the Company believes” or words of similar import. Although the Company believes that its expectations with respect to the forward-looking statements are based upon reliable assumptions within the bounds of its knowledge of its business and operations, there can be no assurance that actual results, performance or achievements of the Company will not differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. For details on factors that could affect expectations, see the risk factors and other cautionary language included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016, and other filings with the Securities and Exchange Commission.

ABOUT FIRST NATIONAL CORPORATION

First National Corporation (OTC: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 currently offers loan and deposit products and services through its website, www.fbvirginia.com, its mobile banking platform, a network of ATMs located throughout its market area, two loan production offices, a customer service center in a retirement community, and 14 bank branch office locations located throughout the Shenandoah Valley and central regions of Virginia.  The number of branch offices will be expanded to 15 once the Westhampton office is opened later this year.  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 invests in entities that provide investment services and title insurance.

CONTACTS
Scott C. Harvard		
President and CEO		
(540) 465-9121		
[email protected]
	
M. Shane Bell
Executive Vice President and CFO
(540) 465-9121	
[email protected]