On Oct. 1, 2018, American National Bankshares and HomeTown Bankshares Corporation announced they had agreed to a merger in a transaction valued at approximately $95.6 million. The deal will create a combined company under the American National name with $2.4 billion in assets, $1.8 billion in loans and $2.0 billion in deposits across Virginia and North Carolina. Williams Mullen’s Community Banking team of Scott Richter, Ben McCall, Lee Lester, Nona Massengill and Bobby Hamlett, among others, represented American National during the deal. Click below to read the press release announcing the deal.
American National Bankshares Inc. and HomeTown Bankshares Corporation Announce Agreement to Merge