Contact Information: CONTACTS: James G. Rakes Chairman, President & CEO (540) 951-6236 F. Brad Denardo Exec. V.P. & Interim CFO (540) 951-6213
National Bankshares, Inc. Announces CFO Resignation
| Source: National Bankshares, Inc.
BLACKSBURG, VA--(Marketwire - May 23, 2008) - National Bankshares, Inc. (NASDAQ : NKSH )
announced that its Treasurer (Chief Financial Officer), J. Robert Buchanan,
is leaving the Company today to join First Sentinel Bank of Richlands,
Virginia.
In making the announcement, National Bankshares Chairman, President & CEO
James G. Rakes said, "Bob has done a fine job in his ten years with
National Bankshares. He has made many positive contributions to our growth
and success during that period, and he leaves us at a time when we are
well-positioned for the future. We wish Bob the best in his new
opportunity."
Mr. Rakes also announced that Executive Vice President F. Brad Denardo has
been appointed as interim Treasurer and CFO while National Bankshares
conducts a search for a permanent replacement.
National Bankshares, Inc. is a financial holding company headquartered in
Blacksburg, Virginia. It is the parent company of National Bank, a
community bank with 26 office locations throughout Southwest Virginia. The
Company also has an insurance and investments subsidiary, National
Bankshares Financial Services, Inc. Its stock trades on the NASDAQ Stock
Market under the symbol "NKSH." Additional information is on the Company's
web site at www.nationalbankshares.com.