Brief: National Bankshares, Inc. Announces Agreement To Acquire Frontier Community Bank

National Bankshares

24/01/2024 15:52

Jan 24 (Reuters) - National Bankshares Inc  NKSH.O :
    * NATIONAL BANKSHARES, INC. ANNOUNCES AGREEMENT TO ACQUIRE
FRONTIER COMMUNITY BANK
    * NATIONAL BANKSHARES INC - SHAREHOLDERS OF FRONTIER TO HAVE
RIGHT
TO RECEIVE EITHER 0.4250 SHARES OF CO'S COMMON STOCK
    * NATIONAL BANKSHARES INC - UPON COMPLETION , FRONTIER WILL
MERGE
INTO NATIONAL BANK OF BLACKSBURG, WHOLLY OWNED BANK SUBSIDIARY
OF NATIONAL BANKSHARES
    * NATIONAL BANKSHARES INC - FRONTIER WILL HAVE RIGHT TO ALSO
RECEIVE $14.48 IN CASH FOR EACH SHARE OF FRONTIER COMMON STOCK
THEY HOLD
    * NATIONAL BANKSHARES INC - AGGREGATE VALUE OF TRANSACTION
IS
APPROXIMATELY $17.1 MILLION

Source text for Eikon:  ID:nGNX1jfYMk 
Further company coverage:  NKSH.O 

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