National Bankshares, Inc. Receives Withdrawal of Driver Management Company Board Nominees

BLACKSBURG, Va., March 31, 2023 /PRNewswire/ — National Bankshares, Inc. (the “Company”) (Nasdaq: NKSH) announced that Driver Management Company LLC (“Driver”) has withdrawn its nominees for the Company’s Board of Directors (the “Board”).  The withdrawal of Driver’s nominees is not the result of any concessions by the Company or negotiated settlement with Driver.  Shareholders will receive further information and an updated proxy card in the coming days.  The Company urges investors to support the four nominees up for reelection to the Board and to vote in favor of the stock incentive plan on the ballot at the Annual Meeting of Shareholders to be held on May 9, 2023.

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