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): November 9, 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
Page 1 of 2 Pages
Item 2 Acquisitions
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 acquired are located in
Abingdon, Dublin, Marion, Pulaski, Radford and Wytheville.
Under terms of the agreement, National Bankshares purchased certain
loans and assets and assumed approximately $95 million of deposits and other
liabilities of the six AmSouth offices. The transaction was completed on
November 9, 2000. Due to the lack of availability of certain information
associated with the acquisition, the filing of pro forma financial information
will be deferred. Such information will be filed within sixty days of the date
of this filing.
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.
November 22, 2000 /s/James G. Rakes
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Date James G. Rakes
Chairman
President and
Chief Executive Officer
Page 2 of 2 Pages
