-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OnSiTensi2OpqYw6ipAAmgo2GQ1wQdJXKnnWe+dXiz4Opy8/Zi5YOvRXRa1H6Fm1 FDl4W7nPA0FCIluh4yXZEw== 0000796534-04-000005.txt : 20040203 0000796534-04-000005.hdr.sgml : 20040203 20040203150321 ACCESSION NUMBER: 0000796534-04-000005 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040203 ITEM INFORMATION: Acquisition or disposition of assets FILED AS OF DATE: 20040203 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NATIONAL BANKSHARES INC CENTRAL INDEX KEY: 0000796534 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 541375874 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-15204 FILM NUMBER: 04562606 BUSINESS ADDRESS: STREET 1: PO BOX 90002 CITY: BLACKSBURG STATE: VA ZIP: 24062-9002 BUSINESS PHONE: 5405522011 MAIL ADDRESS: STREET 1: 100 SOUTH MAIN STREET STREET 2: PO BOX 90002 CITY: BLACKSBURG STATE: VA ZIP: 24062-9002 8-K 1 form8k.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 -------------- FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ------------- Date of Report: February 4, 2004 Commission File Number: 0-15204 National Bankshares, Inc. - -------------------------------------------------------------------------------- (Exact name of Registrant as specified in its charter) Virginia 54-1375874 - --------------------- ----------------------- (State or other jurisdiction of (I.R.S. Employer Identification No.) incorporation or organization) 101 Hubbard Street Blacksburg, VA 24060 - ----------------------------- (Address of principal executive offices) Registrant's telephone number, including area code (540) 951-6300 -------------- Page 1 of 2 Pages ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE On February 04, 2004, National Bankshares, Inc. subsidiary, the National Bank of Blacksburg (NBB) issued a press release announcing that NBB had reached agreement with the South Financial Group, Inc. of Greenville, SC, to acquire substantially all of the assets and certain liabilities of Community National Bank of Pulaski, Virginia. A copy of the press release is attached as Exhibit 99.1. Exhibit 99.1 National Bankshares, Inc. Press Release dated February 3, 2004. SIGNATURE Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. NATIONAL BANKSHARES, INC. By: /s/ JAMES G. RAKES ------------------ James G. Rakes Chairman President and Chief Executive Officer Page 2 of 2 Pages EX-99 2 ex99.txt FOR IMMEDIATE RELEASE CONTACTS: James G. Rakes, President & CEO (540) 951-6236 Marilyn B. Buhyoff, Sr. V.P. & Counsel (540) 951-6331 THE NATIONAL BANK OF BLACKSBURG TO ACQUIRE COMMUNITY NATIONAL BANK IN PULASKI BLACKSBURG, VA, February 3, 2004: The National Bank of Blacksburg (NBB), headquartered in Blacksburg, Virginia, today announced that it has reached agreement with The South Financial Group of Greenville, South Carolina, to purchase substantially all of the assets and assume certain liabilities of Community National Bank located in Pulaski, Virginia. Community National Bank now operates one office in Pulaski, and The National Bank currently has 14 branch offices, including two in Pulaski County. Under the terms of the agreement, The National Bank of Blacksburg will purchase Community National Bank's assets, including loans, and will assume deposits that totaled approximately $53.0 million at December 31, 2003. At December 31, Community National Bank had approximately $67.8 million in assets. The transaction, which is subject to regulatory approval, is expected to be completed in the first half of 2004. Details of the purchase were not disclosed. Community National Bank was founded in Pulaski in 1994. In making today's announcement, Jim Rakes, President and CEO of the National Bank of Blacksburg, said "We look forward to welcoming Community National Bank's customers to NBB and adding another great banking facility in Pulaski. We share the same banking philosophy with Community National Bank. Our bank has been a part of Virginia's New River Valley since 1891, and we are committed to offering a full range of financial services, with the personal service that local bankers offer. We are anxious to acquaint more of our neighbors in Pulaski with NBB's style of friendly community banking." Rakes added, "We hope that Community National Bank's customers will appreciate the advantages that NBB's size will offer them. They will soon enjoy the convenience of having an office near where they live, work and shop, as well as access to their accounts 24 hours each day with Internet Banking and TeleBanc." The National Bank of Blacksburg is an affiliate of National Bankshares, Inc., which is also the parent company of Bank of Tazewell County of Tazewell, Virginia. Together the two banks operate 24 offices throughout Southwest Virginia. National Bankshares, Inc. owns a non-bank financial services subsidiary doing business in the same market as National Bankshares Investment Services and National Bankshares Insurance Services. National Bankshares, Inc. stock is traded on the Nasdaq Stock Market under the symbol "NKSH". Additional information is available on the company's web site at www.nationalbankshares.com. -----END PRIVACY-ENHANCED MESSAGE-----