On March 1, 2018, Parkway Acquisition Corp - the parent company of Skyline National Bank, a community bank in Grayson County, Va – announced they had agreed to a merger with Great State Bank - a community bank in Wilkesboro, North Carolina - in a stock transaction valued at approximately $14.5 million. The combined entity will have 20 full-service banking offices, nearly $700 million in assets, deposits of more than $600 million and shareholders' equity of over $70 million.
Williams Mullen’s Community Banking team of Lee Lester, Scott Richter, Ben McCall, Mark Zaruba, Nona Massengill, Marie Yascko-Rosado, Conrad Garcia and Anna Derewenda represented Parkway in the deal. Click below to a read the press release announcing the deal.
Parkway Acquisition Corp. and Skyline National Bank to Partner with Great State Bank