National Bankshares, Inc. Announces Agreement to Acquire Frontier Community Bank

January 24, 2024

https://www.globenewswire.com/news-release/2024/01/24/2815303/0/en/National-Bankshares-Inc-Announces-Agreement-to-Acquire-Frontier-Community-Bank.html

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.

Read more at globenewswire.com

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