 STRASBURG, Va., Sept. 30, 2021 GLOBE NEWSWIRE -- First National Corporation the Company or First National NASDAQ: FXNC, the bank holding company of First Bank the Bank, announced today that Matt Paciocco has been named First Banks Regional Market Executive for the Richmond area. The Richmond banking leader brings an experienced team in his new role leading the commercial growth strategy for the market. Pacioccos extensive experience includes working with several banks in the market as well as active involvement in several non-profit organizations. First Bank also entered into a Purchase and Assumption Agreement, dated September 30, 2021, to purchase a portfolio of loans and certain assets associated with a branch office of Knoxville, Tennessee-based SmartBank located in the Richmond market, where Paciocco and his team have been operating. 