SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of Earliest Event Reported): May 24, 1999
NATIONAL BANKSHARES, INC.
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(Exact name of Registrant as specified in its charter)
Virginia 0-15204 54-1375874
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
P.O. Box 90002
Blacksburg, Virginia 24062-9002
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (540) 552-2011
Page 1 of 2 Pages<PAGE>
Item 5 Other Events
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NATIONAL BANKSHARES FINISHES STOCK BUYBACK
James G. Rakes, Chairman, President & CEO of National Bankshares, Inc.,
today reported a successful conclusion to the stock tender offer that was
announced on March 15. Mr. Rakes said, "We have completed the repurchase of a
total of 275,856 shares of our company's common stock, at $28.00 per share.
Our tender was so successful that we had more shares tendered than we were
permitted to purchase, and we had to prorate some tenders. We are very
excited about the success of this stock repurchase plan. It is an excellent
use of the abundant capital of National Bankshares, and we believe that the
stock repurchase is consistent with our long-term goal of increasing
shareholder value."
National Bankshares, Inc. is the parent company of The National Bank,
headquartered in Blacksburg, and of Bank of Tazewell County, located in
Tazewell. Together, the two banks have 16 offices in Montgomery, Giles and
Tazewell counties and in the cities of Galax and Bluefield, Virginia. The
company s stock is traded over the counter with the trading symbol "NKSH".
FOR FURTHER INFORMATION, PLEASE CONTACT:
Marilyn B. Buhyoff
Secretary & Counsel
P.O. Box 90002
Blacksburg, VA 24062-9002
(540) 951-6331
[email protected]<PAGE>
