AGREEMENT AND PLAN OF MERGER by and among NATIONAL BANKSHARES, INC., THE NATIONAL BANK OF BLACKSBURG and FRONTIER COMMUNITY BANK January 23, 2024Agreement and Plan of Merger • January 24th, 2024 • National Bankshares Inc • National commercial banks • Virginia
THIS AGREEMENT AND PLAN OF MERGER (the “Agreement”) is made and entered into as of January 23, 2024, by and among National Bankshares, Inc., a Virginia corporation (“Parent”), The National Bank of Blacksburg, a national banking association and wholly-owned subsidiary of Parent (“NBB”), and Frontier Community Bank, a Virginia banking corporation (“FCB”).
FORM OF SUPPORT AND NON-COMPETITION AGREEMENTForm of Support and Non-Competition Agreement • January 24th, 2024 • National Bankshares Inc • National commercial banks • Virginia
THIS SUPPORT AND NON-COMPETITION AGREEMENT (the “Agreement”), dated as of January 23, 2024, is by and among National Bankshares, Inc., a Virginia corporation (“Parent”), Frontier Community Bank, a Virginia banking corporation (“FCB”), and the shareholder of FCB identified on the signature page hereto in such Shareholder’s capacity as a shareholder of FCB (the “Shareholder”). Capitalized terms used and not defined herein and defined in the Merger Agreement shall have the meaning ascribed to them in the Merger Agreement (such term as defined herein).
