National Bankshares, Inc. (NASDAQ:NKSH) Files An 8-K Other Events
ITEM 8.01.OTHER EVENTS
On May 10, 2017, National Bankshares, Inc. issued a press release
announcing payment of a semi-annual cash dividend of $0.56 per
share on June 1, 2017 to stockholders of record as of May 22,
2017.
National Bankshares, Inc.s press release also announced the
renewal of the authorization of a stock repurchase plan under
which the Companys management is authorized to repurchase up to
100,000 shares of common stock in the open market during the
period from June 1, 2017 through May 31, 2018.
A copy of the press release is attached as Exhibit 99.1.
ITEM 9.01.FINANCIAL STATEMENTS AND EXHIBITS
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(d) |
Exhibits |
99.1National Bankshares, Inc. Press Release, dated May 10, 2017.
About National Bankshares, Inc. (NASDAQ:NKSH)
National Bankshares, Inc. (NBI) is a financial holding company. The Company conducts its operations through its community bank subsidiary, the National Bank of Blacksburg (NBB or the Bank). NBB offers a range of retail and commercial banking services to individuals, businesses, non-profits and local governments. NBB, which does business as National Bank, focuses lending on small and mid-sized businesses and individuals. NBB’s loan types include commercial and agricultural, commercial real estate, construction for commercial and residential properties, residential real estate, home equity and various consumer loan products. The Company’s investment portfolio includes corporate bonds. NBI’s primary source of funds is deposits. Deposit products offered by the Bank include interest-bearing and non-interest bearing demand deposit accounts, money market deposit accounts, savings accounts, certificates of deposit and individual retirement accounts. National Bankshares, Inc. (NASDAQ:NKSH) Recent Trading Information
National Bankshares, Inc. (NASDAQ:NKSH) closed its last trading session down -0.30 at 40.50 with 4,235 shares trading hands.