BLUEFIELD, Va. — After 31 years in the banking industry First Community Bankshares, Inc. Chief Operating Officer Stephen Lilly announced his retirement, according to a written statement from the corporation.

The company’s board of directors appointed Lilly as executive vice president and chief operating officer of the corporation’s banking subsidiary in 1997 before appointing him to the position of Chief Operating Officer in June 2000.

Lilly supervised and managed multiple operational areas, implemented new technologies, and successfully migrated and consolidated bank operations and data. He has served on multiple internal committees during his tenure, including currently co-chairing the Corporation’s Information Systems and Security Subcommittee and chairing the Corporation’s Payments Committee.

“We appreciate the 22 years of dedicated service Steve has given to First Community Bank. He has approached every role and assignment with an unparalleled intensity and tenacity that will be greatly missed,” President Gary Mills said in the statement. “When we reflect on Steve’s career, we will know that he has given us his all and that he left it all on the field.”

Jason R. Belcher, currently serving as senior vice president and chief administrative officer of the banking subsidiary, will assume Lilly’s role as part of the transition. Lilly’s direct reports will remain unchanged.

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