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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 newly formed holding company and bank will rebrand and our customer systems will combine, sometime in early 2017.
Our combined organization has 17 full-service banking offices, assets of nearly $600 million, deposits of over $500 million and shareholders’ equity of over $50 million. With over 200 years of combined history as independent community banks, we believe our merger will enhance our shared mission of providing outstanding banking services in the communities where we do business.
For more information on the combination of our hometown community banks, click on the links below:
A Message to Our Investors
Grayson Bankshares, Inc., the holding company of The Grayson National Bank, appreciates your confidence in our company. We invite you to read our latest Quarterly Financial Report, below, for an update on our financial outlook and plans for growth. And although we are no longer SEC registered, we have provided you with a link below to examine our prior years filings.
Stock in Grayson Bankshares, Inc. is sold on the over-the-counter (OTC) market under the symbol GSON. If you are interested in purchasing stock call 276/773-2811 or toll free 1-866-773-2811 for more information.
The Grayson National Bank was organized under the laws of the United States in 1900, and as an FDIC insured National Banking Association, is subject to regulation by the Office of the Comptroller of the Currency.
Grayson Bankshares, Inc. (the Company) was incorporated as a Virginia corporation on February 3, 1992 to acquire the stock of The Grayson National Bank (the Bank) and serve as a one-bank holding company. The Bank was acquired by the Company on July 1 1992.
Our Board of Directors
Thomas M. Jackson, Jr.
Chairman of the Board
Jack E. Guynn, Jr.
Guynn Enterprises, Inc.
President & CEO
Grayson Bankshares, Inc. and The Grayson National Bank
Linda B. Eller
Blake M. Edwards
Chief Financial Officer
Board of Directors
Jacky K. Anderson
Bryan L. Edwards
Sparta Town Manager
Theresa S. Lazo
Carl J. Richardson
J. David Vaughn