Skyline Bankshares, Inc.

Skyline Bankshares, Inc. is a bank holding company that provides retail and commercial banking services. Headquartered in Floyd, Virginia, the company operates through its wholly-owned subsidiary, Skyline National Bank. The company changed its name from Parkway Acquisition Corp. to Skyline Bankshares, Inc. on January 1, 2023. It was incorporated in Virginia on November 2, 2015, and was formed to complete a business combination between Grayson Bankshares, Inc. and Cardinal Bankshares Corporation, which merged into the company on July 1, 2016. Following this, the Bank of Floyd merged into the Bank (formerly Grayson National Bank). The Bank changed its name to Skyline National Bank on March 13, 2017. On July 1, 2018, the company acquired Great State Bank, based in Wilkesboro, North Carolina, which merged into the Bank. On September 1, 2024, the company completed the acquisition of Johnson County Bank (JCB), based in Mountain City, Tennessee, for $25.0 million in an all-cash transaction. This acquisition facilitated the Bank's entry into Eastern Tennessee. As part of the JCB merger, the company acquired $154.1 million of assets, including $87.2 million in loans, and assumed $133.8 million in liabilities, including $125.3 million of deposits, on September 1, 2024.