M&A Deal Summary

National Bankshares Acquires Frontier Community Bank

On January 24, 2024, National Bankshares acquired financial services company Frontier Community Bank for 17M USD

Acquisition Highlights
  • This is National Bankshares’ 1st transaction in the Financial Services sector.
  • This is National Bankshares’ largest (disclosed) transaction.
  • This is National Bankshares’ 1st transaction in the United States.
  • This is National Bankshares’ 1st transaction in Virginia.

M&A Deal Summary
Date 2024-01-24
Target Frontier Community Bank
Sector Financial Services
Buyer(s) National Bankshares
Deal Type Merger
Deal Value 17M USD
Advisor(s) Performance Trust Capital Partners LLC (Financial)
Woods Rogers Vandeventer Black (Legal)

Target

Frontier Community Bank

Waynesboro, Virginia, United States
Frontier Community Bank is a locally owned and managed financial institution that operates 3 full-service branch locations in Virginia, servicing local retail consumers and businesses. Frontier Community Bank was formed in 2008 and is based in Waynesboro, Virginia.

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Buyer(S) 1

Buyer

National Bankshares

Blacksburg, Virginia, United States
Category Company
Founded 1891
Sector Financial Services
Employees225
Revenue 47M USD (2023)
DESCRIPTION

National Bankshares is a community bank operating from 24 full-service offices, primarily in southwest Virginia, and three loan production offices in Roanoke, Charlottesville, and Staunton. National Bankshares Financial Services, Inc. is an investment and insurance subsidiary in the same trade area. National Bankshares was founded in 1891 and is headquartered in Blacksburg, Virginia.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Merger) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal