National Bankshares, Inc. Completes Acquisition of Frontier Community Bank
National Bankshares, Inc. (NKSH)
US:NASDAQ Investor Relations:
nationalbankshares.com
Company Research
Source: GlobeNewswire
BLACKSBURG, Va., June 03, 2024 (GLOBE NEWSWIRE) -- National Bankshares, Inc. (Nasdaq: NKSH - “National Bankshares” or the “Company”), the holding company for The National Bank of Blacksburg (“National Bank”), completed its acquisition of Frontier Community Bank (“Frontier”) effective June 1, 2024. Following the transaction, valued at approximately $16.07 million, National Bankshares now operates 27 full-service offices along with two loan production offices, and has approximately $1.8 billion in total assets. Under the previously announced terms of the merger, each share of Frontier common stock was converted into $14.48 in cash or 0.4250 shares of National Bankshares common stock, with Frontier shareholders having the ability to elect the merger consideration to be received, subject to the allocation and proration procedures set forth in the merger agreement. Frontier was merged with and into National Bank on June 1, 2024. The three former Frontier branches located in Waynesboro,
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Sec Filings
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- NKSH's page on the SEC website