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Regulators approve bank merger

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Grayson National, Bank of Floyd, cleared to combine

Staff Report

The application by Grayson National Bank and Bank of Floyd to combine into a single holding company has been approved by federal and state regulators.

The combination was approved by the Virginia Bureau of Financial Institutions, the board of governors of the Federal Reserve System and Office of the Comptroller of the Currency.

Cardinal Bankshares Corp., the parent company of Bank of Floyd, and Grayson Bankshares Inc. announced the approval on Monday.


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The Gazette | circulation@galaxgazette.com | 2762365178222
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