FLOYD, Va., Aug. 31, 2016 /PRNewswire/ -- Parkway Acquisition
Corp. (the "Company") (OTC Pink: PKKW), the holding company for
Grayson National Bank and its Bank
of Floyd division, today announced
the declaration of a cash dividend on the Company's common stock of
$0.06 per share, payable September 30, 2016, to shareholders of record on
September 15, 2016.
In addition, the Company announced that its common stock has
been approved, effective immediately, for quotation on the OTC
Markets Group's OTC Pink Market under the symbol "PKKW."
The Company's shareholders that were shareholders of Grayson
Bankshares, Inc. and Cardinal Bankshares Corp. before the merger of
those companies with and into the Company on July 1, 2016, should have received a letter from
the Company's transfer agent, Computershare, with information about
stock certificate exchange process. Please be advised that
failure to complete this process prior to the September 15, 2016 record date could result in a
delay in receipt of dividends until your Grayson or Cardinal stock certificates are
surrendered. If you need assistance with the process, please
feel free to ask one of our branches for help, and they will put
you in contact with one of several individuals internally who can
assist you with this process.
About Parkway Acquisition Corp.
Parkway Acquisition Corp., through its wholly-owned subsidiary
Grayson National Bank and its Bank
of Floyd division, provides
individuals and small to medium sized businesses with a wide range
of banking services including checking and savings accounts,
commercial, installment, mortgage and personal loans, credit and
debit cards, internet banking, mobile banking, and other associated
services. Grayson National
Bank serves the Roanoke and
New River Valleys, Grayson, Floyd
and Carroll Counties in
Virginia and the surrounding areas
of Virginia and North Carolina through 17 banking offices and
one loan production office. The Company's common stock is
quoted on the OTC Markets Group's OTC Pink Market under the symbol
PKKW.
Contacts:
Allan Funk, President & CEO –
276-773-2811
Blake Edwards, Senior Executive VP
and CFO – 276-773-2811
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SOURCE Parkway Acquisition Corp.