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

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.

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