<SUBMISSION>
<ACCESSION-NUMBER>0001002105-05-000062
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20050330
<ITEMS>5.03
<ITEMS>9.01
<FILING-DATE>20050405
<DATE-OF-FILING-DATE-CHANGE>20050405
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>FIRST NATIONAL CORP /VA/
<CIK>0000719402
<ASSIGNED-SIC>6022
<IRS-NUMBER>541231965
<STATE-OF-INCORPORATION>VA
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-23976
<FILM-NUMBER>05734404
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>100 WEST KING STREET
<CITY>STRASBURG
<STATE>VA
<ZIP>22657
<PHONE>7034659121
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>100 WEST KING STREET
<CITY>STRASBURG
<STATE>VA
<ZIP>22657
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>fncform8k.htm
<TEXT>
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<TITLE>First National Corporation</TITLE>
<META NAME="author" CONTENT="JAYOAK">
<META NAME="date" CONTENT="04/05/2005">
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<P style="margin:0pt; padding-top:3pt; font-family:Times New Roman; font-size:12pt; border-top:3pt double #000000" align=justify><BR></P>
<P style="margin:0pt; line-height:16pt; font-family:Times New Roman; font-size:12pt" align=center><B>UNITED STATES</B></P>
<P style="margin:0pt; line-height:16pt; font-family:Times New Roman; font-size:12pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>Washington, D.C. &nbsp;20549</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:11pt" align=center>___________</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=center><BR></P>
<P style="margin:0pt; line-height:16pt; font-family:Times New Roman; font-size:14pt" align=center><B>FORM 8-K</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>CURRENT REPORT</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center>Date of Report (Date of earliest event reported): &nbsp;<B>March 30, 2005</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:11pt" align=center>___________</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:18pt; font-family:Times New Roman; font-size:16pt" align=center><B>FIRST NATIONAL CORPORATION</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(Exact name of registrant as specified in its charter)</P>
<P style="margin:0pt; text-indent:72pt; font-family:Times New Roman; font-size:11pt" align=center><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR><TD valign=top width=193><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>Virginia</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(State or other jurisdiction</P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>of incorporation)</P>
</TD><TD valign=top width=192 colspan=2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>0-23976</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(Commission File Number)</P>
</TD><TD valign=top width=192><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>54-1232965</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(IRS Employer</P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>Identification No.)</P>
</TD></TR>
<TR><TD valign=top width=193><P style="margin:0pt; font-family:Times New Roman; font-size:11pt">&nbsp;</P>
</TD><TD valign=top width=192 colspan=2><P style="margin:0pt; font-family:Times New Roman; font-size:11pt">&nbsp;</P>
</TD><TD valign=top width=192><P style="margin:0pt; font-family:Times New Roman; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=289 colspan=2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>112 West King Street</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>Strasburg, Virginia</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(Address of principal executive offices)</P>
</TD><TD valign=top width=288 colspan=2><P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=center><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>22657</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(Zip Code)</P>
</TD></TR>
</TABLE>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>Registrant&#146;s telephone number, including area code: <B>(540) 465-9121</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=center><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>Not Applicable</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(Former name or former address, if changed since last report)</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; text-indent:18pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><FONT FACE="Wingdings">o</FONT></P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; text-indent:18pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><FONT FACE="Wingdings">o</FONT></P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; text-indent:18pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><FONT FACE="Wingdings">o</FONT></P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; text-indent:18pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><FONT FACE="Wingdings">o</FONT></P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; padding-top:3pt; font-family:Times New Roman; font-size:12pt; border-top:3pt double #000000" align=justify><BR></P>
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<P style="page-break-before:always; margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. </B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt">&nbsp;</P>
<P style="margin:0pt; text-indent:24.5pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">The Registrant amended its Articles of Incorporation effective March 30, 2005 in connection with a two-for-one stock split of its common stock. &nbsp;The amendment increased the number of authorized shares of common stock from 4,000,000 to 8,000,000 and decreased the par value of the common stock from $2.50 to $1.25 per share. &nbsp;As permitted by Virginia law, the amendment did not require shareholder approval.</P>
<P style="margin:0pt; text-indent:24.5pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; text-indent:24.5pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">A copy of the Company&#146;s Articles of Incorporation, as restated in electronic format only as of March 30, 2005 to reflect the amendment described above, is being filed as an exhibit to this report and is incorporated by reference into this Item 5.03.</P>
<P style="margin:0pt; text-indent:24.5pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Item 9.01</B></P>
<P style="margin:0pt; text-indent:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Financial Statements and Exhibits.</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:54pt; text-indent:-18pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">(c)</P>
<P style="margin:0pt; padding-left:54pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Exhibits. &nbsp;</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:54pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B><U>Exhibit No.</U></B></P>
<P style="margin:0pt; padding-left:54pt; text-indent:90pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B><U>Description</U></B></P>
<P style="margin:0pt; padding-left:90pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:126pt; text-indent:-54pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">3.1</P>
<P style="margin:0pt; padding-left:126pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Articles of Incorporation of First National Corporation (as restated in electronic format only as of March 30, 2005).</P>
<P style="margin:0pt; padding-left:90pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; padding-left:90pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
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<P style="page-break-before:always; margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>SIGNATURES</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; padding-left:72pt; text-indent:180pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>FIRST NATIONAL CORPORATION </B></P>
<P style="margin-top:0pt; margin-bottom:-16pt; text-indent:216pt; line-height:16pt; font-family:Times New Roman; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin:0pt; text-indent:252pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">(Registrant)</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-16pt; line-height:16pt; font-family:Times New Roman; font-size:12pt">Date: &nbsp;April 4, 2005</P>
<P style="margin:0pt; text-indent:252pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">By:<U>/s/ M. Shane Bell&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>
<P style="margin:0pt; padding-left:36pt; text-indent:234pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">M. Shane Bell </P>
<P style="margin:0pt; padding-left:36pt; text-indent:234pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Senior Vice President </P>
<P style="margin:0pt; padding-left:36pt; text-indent:234pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">and Chief Financial Officer</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
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<P style="page-break-before:always; margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>EXHIBIT INDEX</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:18pt; text-indent:18pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><U>Exhibit No.</U></P>
<P style="margin:0pt; padding-left:18pt; text-indent:90pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><U>Description</U></P>
<P style="margin:0pt; padding-left:18pt; text-indent:18pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:108pt; text-indent:-54pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">3.1</P>
<P style="margin:0pt; padding-left:108pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Articles of Incorporation of First National Corporation (as restated in electronic format only as of March 30, 2005).</P>

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<TITLE>ARTICLES OF INCORPORATION</TITLE>
<META NAME="author" CONTENT="JAYOAK">
<META NAME="date" CONTENT="04/05/2005">
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=right><B>Exhibit 3.1</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>ARTICLES OF INCORPORATION</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>OF</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>FIRST NATIONAL CORPORATION</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>(restated in electronic format only as of March 30, 2005)</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">1.</P>
<P style="margin:0pt; text-indent:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">The name of the corporation is</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>FIRST NATIONAL CORPORATION.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">2.</P>
<P style="margin:0pt; text-indent:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">The purpose of the corporation is to conduct any business not required to be specifically stated herein.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">3.</P>
<P style="margin:0pt; text-indent:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">The aggregate number of shares of stock which the Corporation shall have authority to issue and the par value per share is as follows:</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD valign=top width=103.2>&nbsp;</TD><TD valign=top width=144><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><U>Class</U></P>
</TD><TD valign=top width=144><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><U>Number of Shares</U></P>
</TD><TD valign=top width=144><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><U>Par Value</U></P>
</TD><TD valign=top width=106.333>&nbsp;</TD></TR>
<TR><TD valign=top width=103.2>&nbsp;</TD><TD valign=top width=144><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>Common Stock</P>
</TD><TD valign=top width=144><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>8,000,000</P>
</TD><TD valign=top width=144><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>$1.25</P>
</TD><TD valign=top width=106.333>&nbsp;</TD></TR>
</TABLE>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">4.</P>
<P style="margin:0pt; text-indent:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">No stockholder shall have the preemptive right to subscribe to additional shares of capital stock of the corporation or to securities convertible into such shares or to options, warrants or rights to subscribe to such shares.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">5.</P>
<P style="margin:0pt; text-indent:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">The initial number of the directors shall be ten. &nbsp;Their names and addresses are:</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<TABLE style="font-size:10pt" cellspacing=2 align=center cellpadding=2><TR><TD valign=top width=216><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><U>Name</U></P>
</TD><TD valign=top width=258><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><U>Address</U></P>
</TD></TR>
<TR><TD valign=top width=216><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Douglas C. Arthur</P>
</TD><TD valign=top width=258><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">RFD 3</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Strasburg, Virginia 22657</P>
</TD></TR>
<TR><TD valign=top width=216><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Noel M. Borden</P>
</TD><TD valign=top width=258><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">111 South Massanutten Street</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Strasburg, Virginia 22657</P>
</TD></TR>
<TR><TD valign=top width=216><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Byron A. Brill</P>
</TD><TD valign=top width=258><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Route 1, Box 38 A</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Stephens City, Virginia 22655</P>
</TD></TR>
<TR><TD valign=top width=216><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">James J. Crawford</P>
</TD><TD valign=top width=258><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">117 High Street</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Strasburg, Virginia 22657</P>
</TD></TR>
<TR><TD valign=top width=216><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Warren B. French, Jr.</P>
</TD><TD valign=top width=258><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Ox Road</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Edinburg, Virginia 22824</P>
</TD></TR>
<TR><TD valign=top width=216><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">George S. Hinkins, Jr.</P>
</TD><TD valign=top width=258><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">East Buttercup</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Strasburg, Virginia 22657</P>
</TD></TR>
</TABLE>
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<TR><TD valign=top width=216><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><U>Name</U></P>
</TD><TD valign=top width=258><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><U>Address</U></P>
</TD></TR>
<TR><TD valign=top width=216><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Edward L. Hopewell</P>
</TD><TD valign=top width=258><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">West Queen Street</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Strasburg, Virginia 22657</P>
</TD></TR>
<TR><TD valign=top width=216><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Ronald F. Miller</P>
</TD><TD valign=top width=258><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">3484 Forest Ridge Road</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Winchester, Virginia 22601</P>
</TD></TR>
<TR><TD valign=top width=216><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Charles Platt</P>
</TD><TD valign=top width=258><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Brown Street</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Strasburg, Virginia 22657</P>
</TD></TR>
<TR><TD valign=top width=216><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Donald E. Sager</P>
</TD><TD valign=top width=258><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">RFD 2</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Strasburg, Virginia 22657</P>
</TD></TR>
</TABLE>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">6.</P>
<P style="margin:0pt; text-indent:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">The initial registered office of the corporation shall be located at 100&nbsp;West King Street, Strasburg, Virginia, in the County of Shenandoah, and the initial registered agent shall be Ronald&nbsp;F. Miller, who is a resident of Virginia and a director of the corporation and whose business address is the same as the address of the initial registered office of the corporation.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">7.</P>
<P style="margin:0pt; text-indent:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">No director of the corporation shall be removed from his office as a director except by the affirmative vote of the holders of 80 percent of the shares of the corporation&#146;s capital stock, issued, outstanding and entitled to vote. &nbsp;The provisions shall in no way restrict the right of the Board of Directors to prescribe mandatory retirement ages for Directors and/or Officers, by appropriate amendment to the Bylaws, as the needs of the corporation shall from time to time require.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">8.</P>
<P style="margin:0pt; text-indent:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Except as set forth below, the affirmative vote of holders of 80 percent of the shares of the corporation&#146;s stock, issued, outstanding and entitled to vote shall be required to approve any of the following:</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; text-indent:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">(a)</P>
<P style="margin:0pt; text-indent:108pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">any merger or consolidation of the corporation with or into any other corporation; or </P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; text-indent:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">(b)</P>
<P style="margin:0pt; text-indent:108pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">any share exchange in which a corporation, person or entity acquires the issued or outstanding shares of capital stock of the corporation pursuant to a vote of shareholders; or </P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; text-indent:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">(c)</P>
<P style="margin:0pt; text-indent:108pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">any issuance of shares of the corporation that results in the acquisition of control of the corporation by any person, firm or corporation or group of one or more thereof that previously did not control the corporation; or</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; text-indent:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">(d)</P>
<P style="margin:0pt; text-indent:108pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">any sale, lease, exchange, mortgage, pledge or other transfer, in one transaction or a series of transactions, of all, or substantially all, of the assets of the corporation to any other corporation, person or entity; or</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>2</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<HR style="padding-top:7.2pt; padding-bottom:7.2pt" noshade size=1.333>
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<P style="page-break-before:always; margin-top:0pt; margin-bottom:-14pt; text-indent:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">(e)</P>
<P style="margin:0pt; text-indent:108pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">the adoption of a plan for the liquidation or dissolution of the corporation proposed by any other corporation, person or entity; or</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; text-indent:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">(f)</P>
<P style="margin:0pt; text-indent:108pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">any proposal in the nature of a reclassification or reorganization that would increase the proportionate voting rights of any other corporation, person or entity; or</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; text-indent:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">(g)</P>
<P style="margin:0pt; text-indent:108pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">any transaction similar to, or having similar effect as, any of the foregoing transactions,</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; text-indent:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">if, in any such case, as the record date for the determination of shareholders entitled to notice thereof and to vote thereon, such other corporation, person or entity is the beneficial owner, directly or indirectly, of more than 5&nbsp;percent of the shares of capital stock of the corporation issued, outstanding and entitled to vote.</P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; text-indent:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">If any of the transactions identified above in this Section&nbsp;8 is with a corporation, person or entity that is not the beneficial owner, directly or indirectly, of more than 5&nbsp;percent of the shares of capital stock of the corporation issued, outstanding and entitled to vote, then the affirmative vote of holders of more than two-thirds of the shares of the corporation&#146;s capital stock issued, outstanding and entitled to vote shall be required to approve any of such transactions.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; text-indent:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">The
 Board of Directors of the corporation shall have the power and duty to determine, for purposes of this
 Section&nbsp;8, on the basis of information known to the Board, if and when such other corporation,
person or entity is the beneficial owner, directly or indirectly, of more than 5&nbsp;percent of the
 shares of capital stock of the corporation issued, outstanding and entitled to vote and/or if any
 transaction is similar to, or has a similar effect as, any of the transactions identified above in
 this Section&nbsp;8. &nbsp;Any such determination shall be conclusive and binding for all purposes
 of this Section&nbsp;8. &nbsp;The provisions of this Section&nbsp;8 shall not apply to any transaction
 which is approved in advance by a majority of those Directors (a)&nbsp;who were Directors before the
corporation, person or entity acquired beneficial ownership of 5&nbsp;percent or more of the shares of
capital stock of the corporation and who are not
affiliates of such corporation, person or entity and (b)&nbsp;who became Directors at the
recommendation of the Directors referred to in (a) above.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">9.</P>
<P style="margin:0pt; text-indent:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">The
 Board of Directors of the corporation, when evaluating any offer of another party to (a)&nbsp;make a tender
or exchange offer for any equity security of the corporation, (b)&nbsp;merge or consolidate the corporation
with another corporation, (c)&nbsp;purchase or otherwise acquire all or substantially all of the properties
 and assets of the corporation, or (d)&nbsp;engage in any transaction similar to, or having similar effects
 as, any of the foregoing transactions, shall, in connection with the exercise of its judgment in determining
 what is in the best interests of the corporation and its shareholders, give due consideration to all
 relevant factors, including without limitation the social and economic effects of the proposed transaction
 on the depositors, employees, suppliers, customers and other constituents of the corporation and its
subsidiaries and on the communities in which the corporation and its subsidiaries operate or are located, the business reputation of the other party, and the Board of
Directors&#146; evaluation of the then value
 of the corporation in a freely negotiated sale and of the future prospects of the corporation as an independent entity.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>3</P>
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<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<HR style="padding-top:7.2pt; padding-bottom:7.2pt" noshade size=1.333>
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<P style="page-break-before:always; margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">10.</P>
<P style="margin:0pt; text-indent:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Each Director and Officer shall be indemnified by the corporation against liabilities, fines, penalties and claims imposed upon or asserted against him (including amounts paid in settlement) by reason of having been such a Director or Officer, whether or not then continuing so to be, and against all expenses (including counsel fees) reasonably incurred by him in connection therewith, to the extent not prohibited by applicable law. &nbsp;If the determination is to be made by the Board of Directors, it in determining what indemnification is required by the foregoing sentence, the Board of Directors may rely, as to all questions of law, on the advice of independent counsel. &nbsp;Every reference herein to Director or Officer shall include every Director or Officer or former Director or Officer of the corporation and every person who may have served at its request as a Director or Officer of another corporation

 in which the corporation owns shares of stock or of which it is a creditor or, in case of non-stock corporation to which the corporation contributes and, in all of such cases, his executors and administrators. &nbsp;The right of indemnification hereby provided shall not be exclusive of any other rights to which any Director or Officer may be entitled. &nbsp;In any proceeding brought by a shareholder in the right of the corporation or brought by or on behalf of shareholders of the corporation, the damages assessed against any Officer or Director arising out of a single transaction, occurrence or course of conduct shall not exceed the sum of One Dollar ($1.00), provided, however, that this limitation shall not apply to liability for willful misconduct or a knowing violation of the criminal law or any federal or state securities law, including, without limitation, any claim of unlawful insider trading or manipulation of the market for any security.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">11.</P>
<P style="margin:0pt; text-indent:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">The provisions of Sections 7 through 11 of these Articles may not be amended, nor shall any amendment be adopted that is inconsistent with any of the provisions of such Sections&nbsp;7 through 11 hereof except upon the affirmative vote of the holders of at least 80&nbsp;percent of the shares of the corporation&#146;s capital stock, issued, outstanding and entitled to vote.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:6pt"><BR></P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>4</P>
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