<SEC-DOCUMENT>0001144204-12-023356.txt : 20120424
<SEC-HEADER>0001144204-12-023356.hdr.sgml : 20120424
<ACCEPTANCE-DATETIME>20120424110538
ACCESSION NUMBER:		0001144204-12-023356
CONFORMED SUBMISSION TYPE:	POS AM
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20120424
DATE AS OF CHANGE:		20120424

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRST COMMUNITY BANCSHARES INC /NV/
		CENTRAL INDEX KEY:			0000859070
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				550694814
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		POS AM
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-156365
		FILM NUMBER:		12774974

	BUSINESS ADDRESS:	
		STREET 1:		PO BOX 989
		CITY:			BLUEFIELD
		STATE:			VA
		ZIP:			26406-0989
		BUSINESS PHONE:		3044879000

	MAIL ADDRESS:	
		STREET 1:		1001 MERCER STREET
		STREET 2:		P O BOX 5909
		CITY:			PRINCETON
		STATE:			WV
		ZIP:			24740

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FCFT INC
		DATE OF NAME CHANGE:	19930328
</SEC-HEADER>
<DOCUMENT>
<TYPE>POS AM
<SEQUENCE>1
<FILENAME>v309783_posam.htm
<DESCRIPTION>POS AM
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>As filed with the Securities and Exchange
Commission on April 24, 2012</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Registration Statement No. 333-156365&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>


<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0; margin-bottom: 0"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<DIV STYLE="text-align: left; margin-top: 0; margin-bottom: 0"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>POST EFFECTIVE AMENDMENT NO. 1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>TO</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM S-3</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REGISTRATION STATEMENT</B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNDER THE SECURITIES ACT OF 1933</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;&nbsp;</P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 0; margin-bottom: 0"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 50%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>FIRST
COMMUNITY BANCSHARES, INC.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in
its charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 0; margin-bottom: 0"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 50%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; text-align: center; font-size: 10pt; font-weight: bold">Nevada</TD>
    <TD STYLE="width: 50%; text-align: center; font-size: 10pt; font-weight: bold">55-0694814</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; font-size: 10pt">(State or other jurisdiction of incorporation)</TD>
    <TD STYLE="text-align: center; font-size: 10pt">(I.R.S. Employer Identification No.)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 0; margin-bottom: 0"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 50%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>P.O. Box 989</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Bluefield, Virginia 24605-0989</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(276) 326-9000</B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address, including zip code, and telephone
number, including area code, of registrant&rsquo;s principal executive offices)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;&nbsp;</P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 0; margin-bottom: 0"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 50%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>John M. Mendez</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>President and Chief Executive Officer</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>P.O. Box 989</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Bluefield, Virginia 24605-0989</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(276) 326-9000</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 0; margin-bottom: 0"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 50%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><I>with copies to:</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Sandra M. Murphy, Esq.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Bowles Rice McDavid Graff &amp; Love
LLP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>600 Quarrier Street</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Charleston, West Virginia 25301</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(304) 347-1100</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 0; margin-bottom: 0"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 50%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Approximate date of commencement of proposed
sale to the public:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Not Applicable</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">If
the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please
check the following box. </FONT><FONT STYLE="font-family: Wingdings">&uml;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">If
any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under
the Securities Act of 1933, other than securities offered only in connection with the dividend or interest reinvestment plans,
check the following box. </FONT><FONT STYLE="font-family: Wingdings">&uml;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">If
this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check
the following box and list the Securities Act registration statement number of the earlier effective registration statement for
the same offering. </FONT><FONT STYLE="font-family: Wingdings">&uml;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">If
this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list
the Securities Act registration statement number of the earlier effective registration statement for the same offering. </FONT><FONT STYLE="font-family: Wingdings">&uml;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">If
this Form is a registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become
effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act, check the following box. </FONT><FONT STYLE="font-family: Wingdings">&uml;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">If
this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.D. filed to register
additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act, check the following
box. </FONT><FONT STYLE="font-family: Wingdings">&uml;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Indicate by check mark
whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.
See the definitions of &ldquo;accelerated filer,&rdquo; &ldquo;large accelerated filer&rdquo; and &ldquo;smaller reporting company&rdquo;
in Rule 12b-2 of the Exchange Act. (Check one):</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="width: 24%; text-align: left; padding-left: 0.48in">Large accelerated filer&nbsp;&nbsp;&nbsp;</TD>
    <TD NOWRAP STYLE="width: 3%; text-align: left; font-family: Wingdings">&uml;</TD>
    <TD NOWRAP STYLE="width: 38%; text-align: left; font-family: Wingdings">&nbsp;</TD>
    <TD NOWRAP STYLE="width: 25%; text-align: left">Accelerated filer</TD>
    <TD NOWRAP STYLE="width: 10%; text-align: left; font-family: Wingdings">&thorn;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="text-align: left; padding-left: 0.48in">Non-accelerated filer</TD>
    <TD NOWRAP STYLE="text-align: left; font-family: Wingdings">&uml;</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;&nbsp;(Do not check if a smaller reporting company)&nbsp;&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: left">Smaller reporting company&nbsp;&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: left; font-family: Wingdings">&uml;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 0; margin-bottom: 0"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 50%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EXPLANATORY NOTE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>DEREGISTRATION OF SECURITIES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 40.5pt">The sole purpose of
this amendment is to remove from registration shares of the Registrant&rsquo;s Fixed Rate Cumulative Perpetual Preferred Stock,
Series A, $1.00 par value per share (&ldquo;Preferred Stock&rdquo;), a warrant to purchase Common Stock, $1.00 par value per share
(the &ldquo;Warrant&rdquo;), and shares of Common Stock issuable upon exercise of the Warrant, in each case remaining unsold at
the termination of an offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Post-Effective
Amendment No. 1 amends the Registration Statement on Form S-3 (File No. 333-156365), originally filed with the Securities and Exchange
Commission by the Registrant on December 19, 2008 (the &ldquo;Registration Statement&rdquo;). The Registrant filed the Registration
Statement to register the potential resale of shares of Preferred Stock, the Warrant and shares of Common Stock issuable upon exercise
of the Warrant by selling securityholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Registrant issued
shares of Preferred Stock and the Warrant to the United States Department of the Treasury (&ldquo;Treasury&rdquo;) in November
2008 pursuant to the Capital Purchase Program established by Treasury under the Troubled Asset Relief Program.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In July 2009, the Registrant
repurchased from Treasury all shares of Preferred Stock held by Treasury. In November 2011, the Registrant repurchased the Warrant
from Treasury, no portion of which had been previously exercised. As a result, as of the filing date of this Post-Effective Amendment
No. 1, all of the securities issued to the Treasury have been repurchased by the Registrant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Pursuant to the undertaking
in Item 17 of the Registration Statement required by Item 512(a)(3) of Regulation S-K, the Registrant is filing this Post-Effective
Amendment No. 1 to the Registration Statement to remove from registration the securities that remain unsold upon the termination
of the offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: 0.5in">&nbsp;</P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Pursuant to the requirements
of the Securities Act of 1933, as amended the Registrant certifies that it has reasonable grounds to believe that it meets all
of the requirements for filing on Form S-3 and has duly caused this Post-Effective Amendment No. 1 to the Registration Statement
(File No. 333-156365) to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Bluefield, Commonwealth
of Virginia, on April 24, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify; font-weight: bold">FIRST COMMUNITY BANCSHARES, INC.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; text-align: justify; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 5%; text-align: justify; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 45%; text-align: justify; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">By:</TD>
    <TD STYLE="text-align: justify; text-decoration: none; border-bottom: Black 1pt solid">/s/ John M. Mendez</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">John M. Mendez</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">President and Chief Executive Officer</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Pursuant to the requirements
of the Securities Act of 1933, as amended, this Post-Effective Amendment No. 1 to the Registration Statement (File No. 333-156365)
has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 35%; border-bottom: windowtext 1pt solid; text-align: center; tab-stops: center 3.0in right 6.0in; font-weight: bold">Signature</TD>
    <TD STYLE="width: 2%; text-align: center; tab-stops: center 3.0in right 6.0in; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 45%; border-bottom: windowtext 1pt solid; text-align: center; tab-stops: center 3.0in right 6.0in; font-weight: bold">Title</TD>
    <TD STYLE="width: 2%; text-align: center; tab-stops: center 3.0in right 6.0in; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: windowtext 1pt solid; text-align: center; tab-stops: center 3.0in right 6.0in; font-weight: bold">Date</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in; border-bottom: Black 1pt solid">/s/ John M. Mendez</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">Director, President and Chief Executive Officer </TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">April 24, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">John M. Mendez</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">(Principal Executive Officer)&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in; border-bottom: Black 1pt solid">/s/ David D. Brown</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">Chief Financial Officer (Principal Financial and </TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">April 24, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">David D. Brown</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">Accounting Officer)&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in; border-bottom: Black 1pt solid">*</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">Director</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">April 24, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">Franklin P. Hall</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in; border-bottom: Black 1pt solid">*</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">Director</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">April 24, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">Richard S. Johnson</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in; border-bottom: Black 1pt solid">*</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">Director</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">April 24, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">I. Norris Kantor</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in; border-bottom: Black 1pt solid">*</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">Director</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">April 24, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">Robert E. Perkinson, Jr.</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in; border-bottom: Black 1pt solid">*</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">Director</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">April 24, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">William P. Stafford</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in; border-bottom: Black 1pt solid">*</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">Chairman of the Board of Directors</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">April 24, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">William P. Stafford, II</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD>
    <TD STYLE="text-align: justify; tab-stops: center 3.0in right 6.0in">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: Red"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
</TABLE>
<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">*&nbsp;&nbsp;&nbsp; Signed pursuant to Powers of Attorney dated December 19, 2008, included as part of the signature
page to the Registration Statement on Form S-3 of First Community Bancshares, Inc. filed December 19, 2008.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">/s/ John M. Mendez</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">John M. Mendez</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">President and Chief Executive Officer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<!-- Field: Page; Sequence: 3; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>



<P STYLE="margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
