National Bankshares, Inc. announced that F. Brad Denardo will retire from his position as Chief Executive Officer of the Company and its banking subsidiary, The National Bank of Blacksburg, effective June 30, 2025. Mr. Denardo will continue to serve as Chairman of the Boards of Directors for both entities.
Lara E. Ramsey, currently the President of the Company and the Bank, has been appointed by the Boards of Directors to succeed Mr. Denardo as President and Chief Executive Officer, effective July 1, 2025. Ms. Ramsey's extensive experience includes managing various critical functions since joining the company in 1996.
This leadership transition is designed to be seamless, with Mr. Denardo also entering into a consulting agreement to continue providing his expertise. The appointment of Ms. Ramsey, an internal candidate with nearly 30 years of service, underscores the company's commitment to continuity and leveraging experienced leadership.
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