National Bankshares, Inc. Announces Agreement to Acquire Frontier Community Bank
Acquiring Company
National Bankshares
Acquired Company
Frontier Community Bank
BlacksburgWaynesboroFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceLendingBankingDescription
National Bankshares, Inc. has announced an agreement to acquire Frontier Community Bank, with the expectation of enhancing their position as a true Virginia community bank and gaining meaningful entry into markets with attractive growth opportunities. The transaction is expected to result in National Bankshares having total consolidated assets of approximately $1.7 billion based on September 30, 2023 financial data.
Quick answer
National Bankshares is acquiring Frontier Community Bank, announced January 24, 2024. National Bankshares is based in Blacksburg, Virginia, United States.
- How much did National Bankshares pay for Frontier Community Bank?
- The deal value was not disclosed.
- What does National Bankshares do?
- National Bankshares, Inc., headquartered in Blacksburg, Virginia, is the parent company of The National Bank of Blacksburg, which does business as National Bank, and of National Bankshares Financial Services, Inc..
- Where are National Bankshares and Frontier Community Bank based?
- National Bankshares is based in Blacksburg, Virginia, United States. Frontier Community Bank is based in Waynesboro, Virginia, United States.
- Who are the decision-makers at National Bankshares?
- Fundz holds 1 contact at National Bankshares. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Frontier Community Bank?
Frontier Community Bank was acquired by National Bankshares, based in Blacksburg. The deal was reported on January 24, 2024. National Bankshares, Inc., headquartered in Blacksburg, Virginia, is the parent company of The National Bank of Blacksburg, which does business as National Bank, and of National Bankshares Financial Services, Inc. National Bankshares is publicly traded (NKSH) and operates in Financial Services.
When did National Bankshares acquire Frontier Community Bank?
National Bankshares's acquisition of Frontier Community Bank was reported on January 24, 2024. National Bankshares, Inc. has announced an agreement to acquire Frontier Community Bank, with the expectation of enhancing their position as a true Virginia community bank and gaining meaningful entry into markets with attractive growth opportunities. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Frontier Community Bank do?
It is privately held, operating in Financial Services, and is based in Waynesboro.
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