COMMUNITY FIRST BANCSHARES, INC. (NASDAQ:FCBC) Files An 8-K Entry into a Material Definitive Agreement

Item1.01

On February13, 2017, Community First Bancshares, Inc., a federal
corporation in formation (the Company), Newton Federal Bank and
Community First Bancshares, MHC, a federal mutual holding company
in formation (the MHC) entered into an Agency Agreement with BSP
Securities, LLC (BSP), who will assist in the marketing of the
Companys common stock during its stock offering.

For its services in the subscription and community offerings, BSP
will receive (i)a non-refundable management fee of $25,000 and
(ii)a service fee of 1.0% of the aggregate dollar amount of all
shares of common stock sold in the subscription and community
offerings. No fee will be paid on any shares purchased by the
Banks directors, officers or employees or members of their
immediate families, or on shares purchased by any employee
benefit plan or trust established for the benefit of the Banks
directors, officers and employees. The service fee will be
reduced by the management fee. In the event a syndicated
community offering is conducted, the Company will pay fees of
5.5% of the aggregate dollar amount of shares of common stock
sold in the syndicated community offering to BSP and any other
broker-dealers included in the syndicated community offering.

The shares of common stock are being offered to a Registration
Statement on Form S-1 (Registration No.333-215041) filed by the
Company under the Securities Act of 1933, as amended, and a
related prospectus dated February13, 2017.

The foregoing description of the terms of the Agency Agreement is
qualified in its entirety by reference to the Agency Agreement,
which is filed as Exhibit 1.1 hereto and incorporated by
reference herein.

(d) Exhibits

About COMMUNITY FIRST BANCSHARES, INC. (NASDAQ:FCBC)

First Community Bancshares, Inc. is a financial holding company. The Company provides commercial banking products and services through its subsidiary First Community Bank (the Bank). The Company operates in the community banking segment. The Bank operates under the trade names First Community Bank in Virginia, West Virginia, and North Carolina and People’s Community Bank, a division of the bank, in Tennessee. The community banking segment consists of commercial and consumer banking, lending activities, wealth management and insurance services. The Company provides insurance services through its full-service insurance agency subsidiary Greenpoint Insurance Group, Inc. The Bank offers wealth management and investment advice through its subsidiary First Community Wealth Management and the Bank’s Trust Division. It serves a diverse customer base of individuals and businesses across various industries, such as manufacturing, construction, retail, healthcare, military and transportation.

COMMUNITY FIRST BANCSHARES, INC. (NASDAQ:FCBC) Recent Trading Information

COMMUNITY FIRST BANCSHARES, INC. (NASDAQ:FCBC) closed its last trading session up +0.02 at 27.85 with 31,260 shares trading hands.