Skyline Bankshares completes Johnson County Bank merger; JCB shareholders get $312.50 per share cash

Skyline Bankshares, Inc.

Merger effective Sept 1, 2024; each JCB share converted to $312.50 cash.
JCB to operate as Skyline division until systems conversion and rebranding in Nov 2024.
Chris D. Reece, former JCB CEO, appointed to Skyline Board, increasing size to 14.
Reece entered 1-year consulting agreement: $16.7k/month first 6 months, $8.3k/month thereafter.
Blake Edwards (Skyline CEO) cites shared community focus; Raymond James advised Skyline.

item 2.01 item 5.02 item 5.03 item 8.01 item 9.01

Executive movements

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Appointed

Chris D. Reece

Director

SLBK · Skyline Bankshares, Inc.

Filed: September 4, 2024, 7:59 PM ET

the Board of Directors of the Company appointed Chris D. Reece to the Board of Directors of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Chris D. Reece was appointed as Director at Skyline Bankshares, Inc..

Action: appointed
Role: Director

Exact text from the filing

the Board of Directors of the Company appointed Chris D. Reece to the Board of Directors of the Company.

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Skyline Bankshares, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-028373

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