First Community Bancshares, Inc. Announces Increased Quarterly Dividend

First Community Bancshares, Inc. Announces Increased Quarterly Dividend

BLUEFIELD, Va., Jan. 22, 2013 (GLOBE NEWSWIRE) -- First Community Bancshares,
Inc. (Nasdaq:FCBC) ( announced today that the board of
directors declared a quarterly cash dividend to common shareholders of twelve
cents ($0.12) per common share. The quarterly dividend is payable to common
shareholders of record on February 8, 2013, and is expected to be paid on or
about February 22, 2013. The current year marks the 28^th consecutive year of
cash dividends to shareholders. The current dividend represents an increase of
9% over the prior quarter's dividend and an increase of 20% over the prior
year's dividend. The current dividend also represents a yield of approximately
3% on recent common stock trading values.

About First Community Bancshares, Inc.

First Community Bancshares, Inc., headquartered in Bluefield, Virginia, is a
$2.77 billion financial holding company and the parent company of First
Community Bank. First Community Bank operates seventy-four banking locations
throughout Virginia, West Virginia, North Carolina, South Carolina, and
Tennessee. First Community Bank offers wealth management and investment
services through its Trust Division and First Community Wealth Management, a
registered investment advisory firm. The Trust Division and First Community
Wealth Management managed assets with a market value of $884 million as of
September 30, 2012. The Company is also the parent company of Greenpoint
Insurance Group, Inc., a full-service insurance agency headquartered in High
Point, North Carolina, that operates six insurance offices throughout
Virginia, West Virginia, and North Carolina. The Company's common stock is
traded on the NASDAQ Global Select Market under the symbol, "FCBC". Additional
investor information can be found on the Company's website at

The First Community Bancshares, Inc. logo is available at

This news release may include forward-looking statements. These
forward-looking statements are based on current expectations that involve
risks, uncertainties, and assumptions. Should one or more of these risks or
uncertainties materialize or should underlying assumptions prove incorrect,
actual results may differ materially. These risks include: changes in business
or other market conditions; the timely development, production and acceptance
of new products and services; the challenge of managing asset/liability
levels; the management of credit risk and interest rate risk; the difficulty
of keeping expense growth at modest levels while increasing revenues; and
other risks detailed from time to time in the Company's Securities and
Exchange Commission reports including, but not limited to, the Annual Report
on Form 10-K for the most recent year ended. Pursuant to the Private
Securities Litigation Reform Act of 1995, the Company does not undertake to
update forward-looking statements to reflect circumstances or events that
occur after the date the forward-looking statements are made.

CONTACT: David D. Brown
         (276) 326-9000

First Community Bancshares, Inc. Logo
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