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National Bankshares, Inc. - NKSH STOCK NEWS

Welcome to our dedicated page for National Bankshares news (Ticker: NKSH), a resource for investors and traders seeking the latest updates and insights on National Bankshares stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect National Bankshares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.87%
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Rhea-AI Summary
National Bankshares, Inc. and Frontier Community Bank have entered into a definitive merger agreement for National Bankshares to acquire Frontier. Upon completion of the transaction, National Bankshares is expected to have total consolidated assets of approximately $1.7 billion. Shareholders of Frontier will have the right to receive either 0.4250 shares of National Bankshares common stock or $14.48 in cash for each share of Frontier common stock they hold. The aggregate value of the transaction is approximately $17.1 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.21%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.29%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.96%
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National Bankshares, Inc.

Nasdaq:NKSH

NKSH Rankings

NKSH Stock Data

167.68M
5.89M
3.49%
31%
1.3%
Commercial Banking
Finance and Insurance
Link
United States of America
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