Skyline Bankshares, Inc. Announces Appointment of Director

Rhea-AI Summary

Skyline Bankshares (OTC QX: SLBK) has announced the appointment of Israel O'Quinn as a director of both the Company and Skyline National Bank, effective immediately following board approval on February 18, 2025.

O'Quinn brings significant experience as the current President and CEO of The United Company Foundation and the James W. and Frances G. McGlothlin Foundation. He has served in the Virginia House of Delegates since 2011, where his membership in the Commerce and Energy committee has provided him with extensive knowledge of banking regulations. Previously, he spent 17 years at KVAT Food Stores (Food City) in executive roles.

The new director's regional expertise stems from his Southwest Virginia roots and his leadership roles, including Chairman of the Bristol Chamber of Commerce and Co-Chair of InvestSWVA. Skyline National Bank currently operates 28 branches and 2 loan production offices across southwestern Virginia, northwestern North Carolina, and eastern Tennessee.

Positive

• Appointment of director with extensive banking regulatory knowledge through Commerce and Energy committee experience
• New director brings strong regional market understanding of SW Virginia and E Tennessee
• Addition of director with significant executive experience in both corporate and foundation leadership

Negative

• None.

News Market Reaction

-1.16%

1 alert

-1.16% News Effect

On the day this news was published, SLBK declined 1.16%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

FLOYD, Va. and INDEPENDENCE, Va., Feb. 24, 2025 (GLOBE NEWSWIRE) -- Skyline Bankshares, Inc. (the “Company”) (OTC QX: SLBK) – the holding company for Skyline National Bank (the “Bank”), announces the appointment of Israel O’Quinn as a director of the Company and the Bank effective immediately. The Company’s Board of Directors approved the appointment on February 18, 2025.

Mr. O'Quinn is President and CEO of The United Company Foundation as well as the James W. and Francis G. McGlothlin Foundation.  He has also served as an elected member of the Virginia House of Delegates since 2011.  For almost all of his tenure in the House of Delegates, Mr. O’Quinn has been a member of the Commerce and Energy committee, among others, which has provided him an in-depth knowledge of the laws and regulations related to banking and other businesses.  Before his current role leading the two charitable foundations, Mr. O’Quinn was a key executive at KVAT Food Stores (Food City) for seventeen years, serving in roles of increasing responsibility across the organization, including strategy, regulatory issues and community relations.  Born and raised in Southwest Virginia, and having represented the area for over a decade in the legislature, he is well-versed in the needs and opportunities of the region.  Mr. O’Quinn is a member of the Emory & Henry University Board of Trustees and he earned Bachelors Degrees in Political Science and History from the college.  In addition to his legislative and professional work, Mr. O’Quinn has served on a number of other boards and commissions, including as Chairman of the Bristol Chamber of Commerce, and provided leadership to economic development projects as Co-Chair of InvestSWVA. 

President and CEO Blake Edwards stated, “Israel’s professional experience, service in the legislature, and in-depth knowledge of the region, will make him a tremendous addition to Skyline as we continue to expand our presence in the southwest Virginia and eastern Tennessee markets. We are excited to welcome Israel to the Skyline family.”

Skyline National Bank is the wholly-owned subsidiary of Skyline Bankshares, Inc. and serves southwestern Virginia, northwestern North Carolina, and eastern Tennessee with 28 branches and 2 loan production offices.

For more information contact:
Blake Edwards, President & CEO – 276-773-2811
Lori Vaught, EVP & CFO – 276-773-2811

FAQ

When did Skyline Bankshares (SLBK) appoint Israel O'Quinn as director?

Israel O'Quinn was appointed as director of Skyline Bankshares and Skyline National Bank on February 18, 2025, effective immediately.

What is Israel O'Quinn's current role outside of SLBK's board?

O'Quinn serves as President and CEO of The United Company Foundation and the James W. and Frances G. McGlothlin Foundation, and is also a member of the Virginia House of Delegates.

How many branches does Skyline Bankshares (SLBK) currently operate?

Skyline National Bank operates 28 branches and 2 loan production offices across southwestern Virginia, northwestern North Carolina, and eastern Tennessee.

What relevant banking experience does O'Quinn bring to SLBK's board?

O'Quinn has gained extensive knowledge of banking laws and regulations through his service on the Commerce and Energy committee in the Virginia House of Delegates since 2011.