---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-019043"
form_type: "8-K"
ticker: "NKSH"
cik: "0000796534"
company_name: "NATIONAL BANKSHARES INC"
filed_at: "2024-06-03T23:59:59+00:00"
generated_at: "2026-06-01T07:00:00.750185+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# National Bankshares closes $16.07M acquisition of Frontier Community Bank

## Summary
- Deal valued at ~$16.07M; each FCB share exchanged for $14.48 cash or 0.4250 NKSH shares.
- About 90% of FCB shares swapped for NKSH stock, 10% for cash per merger allocation.
- National Bankshares now operates 27 offices with ~$1.8B in total assets.
- Former FCB CEO Alan Sweet joins National Bankshares and bank boards.
- Three former FCB branches in Virginia reopened as National Bank branches on June 3, 2024.

## SEC filing metadata
- accession: 0001437749-24-019043
- form_type: 8-K
- ticker: NKSH
- cik: 0000796534
- company_name: NATIONAL BANKSHARES INC
- filed_at: 2024-06-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/796534/000143774924019043/0001437749-24-019043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/796534/000143774924019043/nksh20240603_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-019043
- JSON: https://secwatch.observer/filing/0001437749-24-019043.json
- Plain text: https://secwatch.observer/filing/0001437749-24-019043.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.