secwatch.observer — SEC 8-K summary
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Issuer:     NATIONAL BANKSHARES INC (NKSH)
CIK:        0000796534
Form:       8-K
Filed at:   2024-06-03T23:59:59+00:00
Accession:  0001437749-24-019043
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 2.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

National Bankshares closes $16.07M acquisition of Frontier Community Bank
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/796534/000143774924019043/0001437749-24-019043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/796534/000143774924019043/nksh20240603_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-019043

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer