National Bankshares, Inc. Announces Agreement to Acquire Frontier Community Bank
National Bankshares, Inc. (NKSH)
US:NASDAQ Investor Relations:
nationalbankshares.com
Company Research
Source: GlobeNewswire
BLACKSBURG, Va. and WAYNESBORO, Va., Jan. 24, 2024 (GLOBE NEWSWIRE) -- National Bankshares, Inc. (“National Bankshares” or the “Company”) (Nasdaq: NKSH) and Frontier Community Bank (“Frontier”) jointly announced today that they have entered into a definitive merger agreement for National Bankshares to acquire Frontier. As of September 30, 2023, Frontier had total assets of approximately $154 million. Upon completion of the transaction, National Bankshares is expected to have total consolidated assets of approximately $1.7 billion based on September 30, 2023 financial data. “We are pleased to announce our partnership with Frontier Community Bank, and we believe that our compatible cultures and shared values will enhance our position as a true Virginia community bank,” said Brad Denardo, Chairman, President and CEO of National Bankshares. “This acquisition will also help us achieve a higher level of financial performance for our shareholders by gaining meaningful entry into marke
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