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First Community Bancshares
First Community Bancshares, Inc. is a $2.43 billion bank holding company and the parent company of First Community Bank of Bluefield, Virginia in the United States. As of 2012 First Community Bank had 45 locations in Virginia, West Virginia, and North Carolina, and two locations operating as Peoples Community Bank in Tennessee. As of April 21, 2023 First Community had $3.6 billion in assets. First Community Bank also offers wealth management and investment services through its wholly owned subsidiary First Community Wealth Management and the bank's Trust Division, which collectively managed $906 million in combined assets as of March 31, 2017. First Community Bancshares also offers insurance products under the First Community Insurance Services. History Princeton Bank & Trust Co. in Princeton, West Virginia began in 1874. The bank changed its name to First Community Bank of Princeton in March 1985. Flat Top National Bank of Bluefield, West Virginia was chartered in 190 ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Incorporation (business)
Incorporation is the formation of a new corporation. The corporation may be a business, a nonprofit organization, sports club, or a local government of a new city or town. In the United States Specific incorporation requirements in the United States differ on a state by state basis. However, there are common pieces of information that states require to be included in the certificate of incorporation. *Business purpose *Corporation name *Registered agent *Inc. *Share par value *Number of authorized shares of stock *Directors *Preferred shares *Officers *Legal address A business purpose describes the incorporated tasks a company has to do or provide. The purpose can be general, indicating that the budding company has been formed to carry out "all lawful business" in the region. Alternatively, the purpose can be specific, furnishing a more detailed explanation of the products and/or services to be offered by their company. The chosen name should be followed with a corporate iden ...
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Hampton Roads, Virginia
Hampton Roads is the name of both a body of water in the United States that serves as a wide channel for the James, Nansemond and Elizabeth rivers between Old Point Comfort and Sewell's Point where the Chesapeake Bay flows into the Atlantic Ocean, and the surrounding metropolitan region located in the southeastern Virginia and northeastern North Carolina portions of the Tidewater Region. Comprising the Virginia Beach–Norfolk–Newport News, VA–NC, metropolitan area and an extended combined statistical area that includes the Elizabeth City, North Carolina, micropolitan statistical area and Kill Devil Hills, North Carolina, micropolitan statistical area, Hampton Roads is known for its large military presence, ice-free harbor, shipyards, coal piers, and miles of waterfront property and beaches, all of which contribute to the diversity and stability of the region's economy. The body of water known as Hampton Roads is one of the world's largest natural harbors (more accurate ...
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Charlottesville, Virginia
Charlottesville, colloquially known as C'ville, is an independent city in the Commonwealth of Virginia. It is the county seat of Albemarle County, which surrounds the city, though the two are separate legal entities. It is named after Queen Charlotte. At the 2020 census, the population was 46,553. The Bureau of Economic Analysis combines the City of Charlottesville with Albemarle County for statistical purposes, bringing its population to approximately 150,000. Charlottesville is the heart of the Charlottesville metropolitan area, which includes Albemarle, Buckingham, Fluvanna, Greene, and Nelson counties. Charlottesville was the home of two presidents, Thomas Jefferson and James Monroe. During their terms as Governor of Virginia, they lived in Charlottesville, and traveled to and from Richmond, along the historic Three Notch'd Road. Orange, located northeast of the city, was the hometown of President James Madison. The University of Virginia, founded by Jefferson, stradd ...
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Winston-Salem, North Carolina
Winston-Salem is a city and the county seat of Forsyth County, North Carolina, United States. In the 2020 census, the population was 249,545, making it the second-largest municipality in the Piedmont Triad region, the 5th most populous city in North Carolina, the third-largest urban area in North Carolina, and the 90th most populous city in the United States. With a metropolitan population of 679,948 it is the fourth largest metropolitan area in North Carolina. Winston-Salem is home to the tallest office building in the region, 100 North Main Street, formerly known as the Wachovia Building and now known locally as the Wells Fargo Center. In 2003, the Greensboro-Winston-Salem-High Point metropolitan statistical area was redefined by the OMB and separated into the two major metropolitan areas of Winston-Salem and Greensboro-High Point. The population of the Winston-Salem metropolitan area in 2020 was 679,948. The metro area covers over 2,000 square miles and spans the five cou ...
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Drakes Branch, Virginia
Drakes Branch is a town in Charlotte County, Virginia, United States. The population was 530 at the 2010 census. Geography Drakes Branch is located southeast of the center of Charlotte County at (36.992958, −78.601714). Virginia State Route 47 passes through the town, leading north to Charlotte Court House, the county seat, and southeast to U.S. Route 15. Virginia State Route 59 intersects Route 47 in the north part of town and leads northeast to Keysville. According to the United States Census Bureau, Drakes Branch has a total area of , all of it land. Demographics At the 2000 census there were 504 people, 231 households, and 134 families living in the town. The population density was 121.8 people per square mile (47.0/km²). There were 262 housing units at an average density of 63.3 per square mile (24.4/km²). The racial makeup of the town was 59.33% White, 40.08% African American, 0.20% from other races, and 0.40% from two or more races. Hispanic or Latino of ...
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Emporia, Virginia
Emporia is an independent city in the Commonwealth of Virginia, surrounded by Greensville County, United States. Emporia and a predecessor town have been the county seat of Greensville County since 1791. As of the 2020 census, the population was 5,766, making it the third-least populous city in Virginia. The Bureau of Economic Analysis combines the city of Emporia with surrounding Greensville County for statistical purposes. History Emporia has long been a transportation crossroads. The Meherrin River, like the Nottoway River and the Blackwater River, empties to the southeast into Albemarle Sound. The Town of Hicksford (originally Hicks' Ford) was settled by Captain Robert Hicks (1658-1739)Fort Christanna in the Virginia Colony, where the Fort Road of eastern Virginia crossed the Meherrin River en route to Fort Christanna. The road was a major north-south trail used by native peoples and sometimes called the "Halifax road". Capt. Hicks was an Indian trader who resided i ...
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Clifton Forge, Virginia
Clifton Forge is a town in Alleghany County, Virginia, United States which is part of the greater Roanoke Region. The population was 3,555 at the 2020 census. The Jackson River flows through the town, which as a result was once known as Jackson's River Station. Clifton Forge was an independent city during the 2000 census. However, in 2001, Clifton Forge gave up its city status and reverted to a town. In previous decades, the railroad was a major employer. Clifton Forge is known for its mountain views and clear streams. History Clifton Forge Commercial Historic District, Clifton Forge Residential Historic District, Clifton Furnace, Jefferson School, and Longdale Furnace Historic District are listed on the National Register of Historic Places. Transportation Amtrak, the national passenger rail service, provides service to the Clifton Forge station with the Cardinal route. Also Clifton Forge serves a major locomotive fuel facility for CSX Transportation and is home to the ...
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Mortgage
A mortgage loan or simply mortgage (), in civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is " secured" on the borrower's property through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property ("foreclosure" or " repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word ''mortgage'' is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. A mortgage can also be described as "a borrower giving consideration in the form ...
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Charleston Gazette
The ''Charleston Gazette-Mail'' is the only daily morning newspaper in Charleston, West Virginia. It is the product of a July 2015 merger between ''The Charleston Gazette'' and the ''Charleston Daily Mail''. The paper is one of nine owned by HD Media. History ''Charleston Gazette'' The ''Gazette'' traces its roots to 1873. At the time, it was a weekly newspaper known as the ''Kanawha Chronicle''. It was later renamed ''The Kanawha Gazette'' and the ''Daily Gazette''—before its name was officially changed to ''The Charleston Gazette'' in 1907. In 1912 it came under the control of the Chilton family, who ran it until its bankruptcy in 2018. William E. Chilton, a U.S. senator, was publisher of ''The Gazette'', as were his son, William E. Chilton II, and grandson, W. E. "Ned" Chilton III, Yale graduate and classmate/protégé of conservative columnist William F. Buckley, Jr. Ironically, the paper's opinion page, usually on the left, carried Buckley's column until Buckley's ...
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Beckley, West Virginia
Beckley is a city in and the county seat of Raleigh County, West Virginia, United States. It was founded on April 4, 1838. This city is the home of the West Virginia University Institute of Technology or West Virginia University, Beckley Campus. History The area surrounding Beckley was long home to many indigenous peoples. Early encounters describe the land as being an ancestral home of the Catawba-speaking Moneton people, who referred to the surrounding area as Okahok Amai, and were allies of the Monacan people. The Moneton's Catawba speaking neighbors to the south, the Tutelo (since absorbed into the Seneca-Cayuga Nation) may have absorbed surviving Moneton communities, and claim the area as ancestral lands. Cherokee and Shawnee and Yuchi peoples also claim the area as included in their traditional lands. Waves of conflict and displacement connected to European settler-colonial conquest also resulted in varied communities finding home and refuge in southern West Virginia, bec ...
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Sparta, North Carolina
Sparta is a town in Alleghany County, North Carolina, United States. At the last 2010 census, the population was 1,770 people. It is the county seat of Alleghany County. History James H. Parks, an early businessman whose store stood near the present location of the ABC store, was one of three men who donated land for the county seat in 1866. Parks is credited with suggesting the name "Sparta", after the Greek city-state. Noteworthy businesses established in Sparta included '' The Alleghany News'' (1889), the Bank of Sparta (1902), and the second store purchased by home improvement giant Lowe's (1949). Sparta's first shopping center, Trojan Village, opened in 1977, followed by Sparta Plaza in 1986. The Alleghany County Courthouse and Jarvis House are listed on the National Register of Historic Places. On August 9, 2020, the town was the epicenter of a moderate earthquake that was felt as far as Georgia. The earthquake, which registered as a 5.1 on the Richter magnitude scale, ...
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