Shareholders of Floyd, Va.-based Parkway Acquisition Corp and Wilkesboro, N.C.-based Great State Bank have approved the merger of Great State Bank and Parkway subsidiary Skyline National Bank.

The deal is expected to be legally completed July 1, Parkway CFO Blake Edwards said in a statement. Great State's offices are slated to rebrand as Skyline locations in September.

The combined bank is expected to have 20 branches and assets of about $687 million.