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Highlands Bankshares shareholders approve merger into First Community Bankshares

Shareholders of Abingdon, Va.-based Highlands Bankshares Inc. on Dec. 17 approved the company's merger into Bluefield, Va.-based First Community Bankshares Inc.

Highlands Bankshares shareholders also approved the merger-related compensation that may be paid to named executive officers of the company.

The deal is expected to close in the fourth quarter.