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(State or other jurisdiction
of incorporation)
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(Commission File No.)
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(I.R.S. Employer Identification No.)
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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ITEM 8.01.
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OTHER EVENTS
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ITEM 9.01.
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FINANCIAL STATEMENTS AND EXHIBITS
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(d)
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Exhibits
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99.1
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104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
By: /s/ F. BRAD DENARDO
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F. Brad Denardo
Chairman, President and CEO
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Exhibit 99.1
FOR IMMEDIATE RELEASE
CONTACTS:
F. BRAD DENARDO, CHAIRMAN, PRESIDENT & CEO
(540) 951-6213 bdenardo@nbbank.com
DAVID K. SKEENS, TREASURER & CFO
(540) 951-6347 dskeens@nbbank.com
NATIONAL BANKSHARES, INC. DECLARES SEMI-ANNUAL DIVIDEND
BLACKSBURG, VA, NOVEMBER 12, 2020: The Board of Directors of National Bankshares, Inc. (NASDAQ Capital Market: NKSH) today approved payment on December 1, 2020 of a semi-annual dividend of $0.72 per share to all stockholders of record as of November 23, 2020. This dividend is an increase of five cents ($0.05) per share, or 7.5%, from the dividend paid June 1, 2020, and is the same per share as the dividend paid on December 2, 2019.
F. Brad Denardo, Chairman, President, and CEO said, “While we continue to experience the negative economic effects of the COVID-19 pandemic, National Bankshares remains profitable, with a sound balance sheet and a strong capital position. Given this fundamental strength, the Board of Directors has elected to maintain a December semi-annual dividend of $0.72 per share, the same as was paid in December 2019. We thank you for your continued support and investment in our Company.”
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 Bank is a community bank operating from 25 full-service offices and one loan production office throughout Southwest Virginia. National Bankshares Financial Services, Inc. is an investment and insurance subsidiary in the same trade area. The Company’s stock is traded on the NASDAQ Capital Market under the symbol “NKSH.” Additional information is available at www.nationalbankshares.com.
Forward-Looking Statements
Certain statements in this press release may be “forward-looking statements.” Forward-looking statements are statements that include projections, predictions, expectations or beliefs about future events or results that are not statements of historical fact and that involve significant risks and uncertainties. Although the Company believes that its expectations with regard to forward-looking statements are based upon reasonable assumptions within the bounds of its existing knowledge of its business and operations, there can be no assurance that actual Company results will not differ materially from any future results implied by the forward-looking statements. Actual results may be materially different from past or anticipated results because of many factors, some of which may include changes in economic conditions, the interest rate environment, legislative and regulatory requirements, new products, competition, changes in the stock and bond markets and technology. The Company does not update any forward-looking statements that it may make.
101 Hubbard Street / Blacksburg, Virginia 24060
P.O. Box 90002 / Blacksburg, Virginia 24062-9002
540 951-6300 / 800 552-4123
www.nationalbankshares.com
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Document And Entity Information |
Nov. 12, 2020 |
---|---|
Document Information [Line Items] | |
Entity, Registrant Name | National Bankshares, Inc. |
Document, Type | 8-K |
Document, Period End Date | Nov. 12, 2020 |
Entity, Incorporation, State or Country Code | VA |
Entity, File Number | 0-15204 |
Entity, Tax Identification Number | 54-1375874 |
Entity, Address, Address Line One | 101 Hubbard Street |
Entity, Address, City or Town | Blacksburg |
Entity, Address, State or Province | VA |
Entity, Address, Postal Zip Code | 24060 |
City Area Code | 540 |
Local Phone Number | 951-6300 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock |
Trading Symbol | NKSH |
Security Exchange Name | NASDAQ |
Entity, Emerging Growth Company | false |
Amendment Flag | false |
Entity, Central Index Key | 0000796534 |
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