StockWatch
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Major Banks
Management ChangeJul 1, 2026, 11:46 AM

National Bankshares Extends Consulting Agreement with F. Brad Denardo

AI Summary

National Bankshares, Inc. and its banking subsidiary extended a consulting agreement with F. Brad Denardo, the Company's Chairman of the Board and former President and Chief Executive Officer. The agreement, effective July 1, 2026, and ending June 30, 2027, stipulates that Mr. Denardo will provide consulting and advisory services for a monthly fee of $6,000. He will also be subject to customary noncompetition covenants during this period.

Key Highlights

  • National Bankshares extended consulting agreement with F. Brad Denardo.
  • Agreement effective July 1, 2026, to June 30, 2027.
  • Mr. Denardo to receive $6,000 monthly consulting fee.
  • He will provide consulting and advisory services.
  • Subject to customary noncompetition covenants.