SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES ACT OF 1934
Date of Report (Date of Earliest Event Reported): August 17, 2000
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) 951-6300
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Item 5 Other Events
On August 17, 2000, National Bankshares, Inc. signed a definitive
agreement to purchase six Virginia branches of AmSouth Bank of Birmingham,
Alabama. National Bankshares plans to operate the branches through its
subsidiaries, The National Bank, headquartered in Blacksburg, Virginia, and Bank
of Tazewell County, of Tazewell, Virginia. The offices being acquired are
located in Abingdon, Dublin, Marion, Pulaski, Radford and Wytheville.
Under terms of the agreement, National Bankshares will purchase certain
loans and assets and assume approximately $95 million of deposits and other
liabilities of the six AmSouth offices. The transaction, which is subject to
regulatory approval, is expected to be completed in the fourth quarter.
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
NATIONAL BANKSHARES, INC.
August 30, 2000 /s/James G. Rakes
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Date James G. Rakes
Chairman
President and
Chief Executive Officer
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