Grayson Bankshares, Inc and Cardinal Bankshares Corporation
Have Merged To Create A Stronger Local Bank
On July 1, 2016, Grayson Bankshares, Inc. and Cardinal Bankshares Corporation completed our previously announced merger with and into Parkway Acquisition Corp., a new bank holding company formed for the purpose of effecting this combination. With the completion of the merger, the subsidiary banks of Grayson National Bank and Bank of Floyd are now combined into one national bank regulated by the Office of the Comptroller of the Currency. Our new bank has rebranded as Skyline National Bank and our systems merge was completed March 13, 2017.
Skyline National Bank has 17 full-service banking offices, assets or more than $550 million, deposits of over $500 million and shareholders’ equity of over $55 million. With over 200 years of combined history in our former banks, we believe Skyline National Bank will extend our long-shared mission of providing outstanding banking services in the communities where we do business.
For the latest information from Skyline National Bank and Parkway Acquisition Corp., please click on any of the links here:
- Press Release – February 24, 2017. This press release announces cash dividend and the retirement of a Board of Director.
- Press Release – February 16, 2017. This press release announces the new name of the combined bank.
- Shareholder Letter – 09/01/2016. This is an update about Parkway Acquisition Stock.
- Parkway Acquisition Corp. Press Release – 08/31/2016. This release announces the cash dividend; quotation on OTC Markets.
- Shareholder Update 08/16/2016. This is an update about Parkway Acquisition Stock.
- Frequently Asked Questions about our Combination. This document presents some questions and answers that should prove helpful in understanding the combination of our two community banks.
- Parkway Acquisition Corp Press Release – 08/08/2016. This is a press release announcing the second quarter, pre-closing earnings of Grayson Bankshares, Inc. and Cardinal Bankshares Corporation.
- Press Release – July 05, 2016. This press release announces the legal date of merger for Grayson National Bank and Bank of Floyd.
- 8K This is the Securities & Exchange Commission (SEC) filing announcing the legal close of the merger.
- Press Release – May 26, 2016. This press release announces the shareholder approval of the combination of Grayson Bankshares, Inc. and Cardinal Bankshares Corporation at their respsective shareholder meetings on May 24 and May 26, 2016.
- Investor Relations Presentation, May 9, 2016
- Press Release – May 9, 2016. This press release announces the regulatory approval of the pending combination of Bank of Floyd and Grayson National Bank.
- Joint Proxy & Prospectus
- Press Release – April 22, 2016. This is the press release announcing the date of the special meeting for Cardinal Bankshares shareholders.
- Press release – November 8, 2015. This is the November 8th press release announcing the combination.
- Overview presentation. This is a presentation overview of the combination, including a proposed timeline.