Miners and Merchants Bancorp in Grundy, Va., has agreed to buy First Community in Rogersville, Tenn.
The $500 million-asset parent of TruPoint Bank said in a press release that it expects to buy the $200 million-asset First Community in the third or fourth quarter. The price wasn’t disclosed.
First Community “has built a strong reputation by consistently delivering premier service to customers and fostering deep connections in the community,” said Barry Elswick, Miners and Merchants’ president and CEO, said in the release.
Williams Mullen and Olsen Palmer advised Miners and Merchants. Godfrey & Kahn and Janney Montgomery Scott advised First Community.