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									FOR IMMEDIATE RELEASE                                             For More Information Contact:
June 28, 2010                                                     Keith Tolbert
                                                                  Phone: 336-665-7856

                  First Community Bank donates $10,000 to
                      V Foundation for Cancer Research

    Above: Ginger Salt (far left), Chief Marketing Officer, and Chris Cockerham (far right), Financial
                   Center Manager, presenting a check for $10,000 to Nick Valvano,
                            CEO of the V Foundation for Cancer Research.

  Bluefield, WV – Inspired by one financial center manager, First Community Bank hosted a
  company wide campaign to raise money for the V Foundation for Cancer Research and finalized
  the effort by recently donating $10,000 to the organization.

  Chris Cockerham, the Financial Center Manager for First Community Bank’s Princeton Crossing
  office in Princeton, WV, started the fund-raising effort during the V Foundation’s Show Your Spirit
  campaign that coincides with the NCAA Division I men’s basketball tournament. Cockerham’s
  grandfather passed away from cancer when Chris was young and his family has donated to the V
  Foundation for more than 10 years.
“I grew up in sports and basketball was my first love,” Cockerham said. “Coach (Jim) Valvano has
always been someone that I have looked up to, and have been inspired by. I have spent several
years in coaching myself, at different levels, youth, middle school, high school, and AAU, and
Coach Valvano is who I would often try to model my coaching style after.”

The campaign spread quickly to financial centers in Winston-Salem, NC; Richmond, VA; Johnson
City, TN; and others, with each group of offices using different methods for raising money and
awareness. Cockerham held an all-day, NCAA basketball tournament party at his financial center
that included food and door prizes donated by local businesses and the tournament games were
shown on the office’s flat screen TVs.

“It was really incredible the way the bank employees rallied around this effort,” Cockerham said. “It
was a great cause and we soon found out how many people have been impacted by cancer in
some way or another. We saw results immediately and the momentum kept going throughout the
NCAA tournament.”

Overall, the different offices brought in more than $7,000 in customer and employee donations and
First Community Bank contributed the remainder to make the final donation $10,000.

The V Foundation for Cancer Research was founded in honor of Jim Valvano, former basketball
coach at NC State University who passed away from cancer in 1993. To date, the Foundation has
given away almost $95 million in grants. And because of a large endowment that pays overhead
costs, 100 percent of the money raised by the foundation is used for research grants.

About First Community Bank
First Community Bancshares, Inc., headquartered in Bluefield, Virginia, is a $2.28 billion financial

holding company and is the parent company of First Community Bank, N. A. First Community Bank,

N. A. provides financial, trust and investment advisory services and insurance products to

individuals and commercial customers through 71 locations in the five states of Virginia, West

Virginia, North Carolina, South Carolina, and Tennessee. First Community Bank, N. A. offers wealth

management services through its Trust & Financial Services Division and Investment Planning

Consultants, Inc., a registered investment advisory firm which offers wealth management and

investment advice. First Community's wealth management group managed assets with a market

value of $831 million at March 31, 2009. First Community is also the parent company of GreenPoint
Insurance Group, Inc., a full-service insurance agency located in High Point, North Carolina. First

Community's common stock is traded on the NASDAQ Global Select Market under the symbol,

"FCBC". Additional investor information can be found on the Internet 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: the timely development, production and acceptance of new products and
services and their feature sets; 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 contained within this news release.
Member FDIC


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