National Bankshares, Inc. Announces Agreement to Acquire Frontier Community Bank
01/24/24, 1:35 PM
Location
blacksburgwaynesboroIndustry
banking
banking
National Bankshares, Inc. has announced an agreement to acquire Frontier Community Bank, with the expectation of enhancing their position as a true Virginia community bank and gaining meaningful entry into markets with attractive growth opportunities. The transaction is expected to result in National Bankshares having total consolidated assets of approximately $1.7 billion based on September 30, 2023 financial data.
Company Info
Location
Blacksburg, Virginia, United States
Company info
National Bankshares, Inc., headquartered in Blacksburg, Virginia, is the parent company of The National Bank of Blacksburg, which does business as National Bank, and of National Bankshares Financial Services, Inc. National Bank is a community bank operating from 24 full-service offices, primarily in southwest Virginia, and three loan production offices in Roanoke, Charlottesville, and Staunton. National Bankshares Financial Services, Inc. is an investment and insurance subsidiary in the same trade area. The Company’s common stock is traded on the Nasdaq Capital Market under the symbol “NKSH.” Additional information is available at https://www.nationalbankshares.com/.