Welcome to our dedicated page for National Bankshares Va news (Ticker: NKSH), a resource for investors and traders seeking the latest updates and insights on National Bankshares Va stock.
National Bankshares, Inc. (NASDAQ: NKSH) is a Virginia-based bank holding company and the parent of The National Bank of Blacksburg, which does business as National Bank, and National Bankshares Financial Services, Inc. As a community-focused commercial bank, it reports lending to small and mid-sized businesses and individuals and operating full-service branches and loan production offices across southwest and central Virginia.
This news page aggregates coverage of National Bankshares’ corporate announcements and developments. Readers can find updates on items such as merger activity, including the announced and completed acquisition of Frontier Community Bank, as well as information about branch expansions when former Frontier locations in Waynesboro, Staunton, and Lynchburg, Virginia began operating under the National Bank name.
Company news also includes leadership and governance developments. For example, National Bankshares has announced changes in senior roles, such as the promotion of a new president of the company and its banking subsidiary, and has issued communications related to proxy materials, board nominations, and shareholder meetings.
In addition, National Bankshares regularly issues press releases about strategic direction, community banking focus, and shareholder matters. These may reference its identity as a community bank, its Virginia market footprint, and its approach to personalized service and local decision-making, as described by the company in public statements.
For investors, analysts, and community members following NKSH, this page provides a centralized view of company press releases and related news items, including transaction announcements, corporate governance updates, and other disclosures referenced in the company’s public communications.
National Bankshares, Inc. (NKSH) has announced the promotion of Lara E. Ramsey to President of the Company and its subsidiary bank, The National Bank of Blacksburg, effective January 1, 2025. Ms. Ramsey, who has been with the Company since 1996, most recently served as Executive Vice President and Chief Operating Officer. She has led various functions including Investment, Human Resources, Marketing, Training, Corporate Administration, and Strategic Initiatives.
F. Brad Denardo, the current President and CEO, will continue as Chairman and CEO of both the bank and holding company. Ms. Ramsey, a native of Lebanon, Virginia, holds degrees from Radford University and has completed several banking and leadership programs. She is actively involved in community organizations and resides in Radford with her family.
National Bankshares, Inc., headquartered in Blacksburg, Virginia, operates 27 full-service offices and two loan production offices in Virginia through its subsidiaries.
National Bankshares has completed its acquisition of Frontier Community Bank on June 1, 2024, in a deal valued at $16.07 million. This acquisition expands National Bankshares' presence to 27 full-service offices and two loan production offices, with total assets reaching approximately $1.8 billion. Each Frontier share was converted into $14.48 in cash or 0.4250 shares of National Bankshares stock. The three Frontier branches in Waynesboro, Staunton, and Lynchburg, VA, were rebranded under the National Bank name as of June 3, 2024. National Bankshares CEO F. Brad Denardo and former Frontier CEO Alan Sweet, who now joins the boards of both banks, highlighted the alignment in culture and values and emphasized the expanded service offerings and shareholder benefits post-merger.
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National Bankshares, Inc. (Nasdaq: NKSH) announced that Driver Management Company LLC has withdrawn its nominees for the Company's Board of Directors. This decision was made independently and not as a result of concessions from National Bankshares. Shareholders will receive updated proxy information shortly. The Company encourages support for its four Board nominees and the stock incentive plan, which will be voted on at the Annual Meeting of Shareholders on May 9, 2023. Chairman F. Brad Denardo stated that avoiding a protracted board contest benefits shareholders and the Company, emphasizing their commitment to long-term value creation.
National Bankshares, Inc. (NASDAQ: NKSH) has filed its definitive proxy statement for the Annual Meeting of Shareholders on May 9, 2023. The company's Board urges shareholders to vote for its nominees, highlighting decades of profitability, over 870% total shareholder return since January 2000, and robust capital metrics. The Board plans to implement a new compensation structure, aligning executive pay with performance through stock-based incentives. Despite pressure from activist investor Driver Management, the Board maintains that its current strategy is effective and avoids unnecessary changes during economic uncertainty.