The Office of the Comptroller of the Currency on May 21 approved Wilkesboro, N.C.-based Great State Bank's merger into Independence, Va.-based Skyline National Bank.
Floyd, Va.-based Parkway Acquisition Corp is the holding company of Skyline National Bank. The company is acquiring Great State in a deal that was valued at $14.87 per share, or $14.5 million in aggregate when it was announced March 1.
