First National in Strasburg, Va., is closing three branches and selling two more, reducing branch count by 15%.
The company said in a press release that it will sell locations in Roanoke Rapids and Louisburg, in North Carolina. The branches had $53 million in deposits at mid-2025, based on data compiled by the Federal Deposit Insurance Corp.
The company did not disclose the locations of the branches it plans to close.
The moves are designed to streamline operations, reduce overhead, and allow the Bank to better allocate resources toward delivering enhanced customer service, innovative digital banking solutions, and continued support for the communities it serves.
The company expects to book a one-time gain on the sale of the North Carolina offices, which will be partially offset by costs tied to the closures, which are expected to be completed by the end of this year.
First National recently closed two loan production offices in North Carolina.
“These strategic decisions reflect our ongoing commitment to operating as an efficient, forward-thinking community bank while maintaining the personal touch and local focus that define us,” Scott Harvard, the company’s CEO, said in the release. “By optimizing our delivery footprint, we can invest more effectively in technology, staff training and community initiatives.”