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<SEC-DOCUMENT>0000796534-06-000042.txt : 20061108
<SEC-HEADER>0000796534-06-000042.hdr.sgml : 20061108
<ACCEPTANCE-DATETIME>20061108165828
ACCESSION NUMBER:		0000796534-06-000042
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20061108
ITEM INFORMATION:		Regulation FD Disclosure
FILED AS OF DATE:		20061108
DATE AS OF CHANGE:		20061108

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NATIONAL BANKSHARES INC
		CENTRAL INDEX KEY:			0000796534
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				541375874
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-15204
		FILM NUMBER:		061198210

	BUSINESS ADDRESS:	
		STREET 1:		PO BOX 90002
		CITY:			BLACKSBURG
		STATE:			VA
		ZIP:			24062-9002
		BUSINESS PHONE:		5405522011

	MAIL ADDRESS:	
		STREET 1:		100 SOUTH MAIN STREET
		STREET 2:		PO BOX 90002
		CITY:			BLACKSBURG
		STATE:			VA
		ZIP:			24062-9002
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k.txt
<DESCRIPTION>FORM 8-K
<TEXT>
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                 --------------

                                    FORM 8-K
                                 CURRENT REPORT
                         PURSUANT TO SECTION 13 OR 15(d)
                                     OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                                  -------------

Date of Report:  November 8, 2006               Commission File Number: 0-15204

                            National Bankshares, Inc.
- --------------------------------------------------------------------------------
             (Exact name of Registrant as specified in its charter)


           Virginia                                   54-1375874
- -------------------------------          -----------------------------------
(State or other jurisdiction of          (I.R.S. Employer Identification No.)
incorporation or organization)


101 Hubbard Street
Blacksburg, VA 24060
- -----------------------------
(Address of principal executive offices)

Registrant's telephone number, including area code (540) 951-6300
                                                   --------------








                                Page 1 of 2 Pages
                                     <PAGE>



ITEM 7.01  REGULATION FD DISCLOSURE

The following information and exhibit is being furnished pursuant to Regulation
FD

National Bankshares, Inc, issued a press release on November 8, 2006, announcing
that its Board of Directors has declared a semi-annual dividend payable on
December 1, 2006 to stockholders of record as of November 20, 2006.

Item 9.01  FINANCIAL STATEMENTS AND EXHIBITS

(a)     Exhibits

99.1    National Bankshares, Inc. press release dated November 8, 2006.


                                    SIGNATURE

        Pursuant to the requirements of the Securities and Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                                    NATIONAL BANKSHARES, INC.



Date:  November 8, 2006         By:     /s/ JAMES G. RAKES
                                     ---------------------------------------
                                        James G. Rakes
                                        Chairman
                                        President and Chief Executive Officer






                                Page 2 of 2 Pages

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>ex99.txt
<DESCRIPTION>DIVIDEND PRESS RELEASE
<TEXT>


FOR IMMEDIATE RELEASE

CONTACTS:             James G. Rakes, President & CEO  (540) 951-6236
                      J. Robert Buchanan, Treasurer    (276) 979-0341


                       NATIONAL BANKSHARES, INC. ANNOUNCES
                              SEMI-ANNUAL DIVIDEND


BLACKSBURG, VA, November 8, 2006: NATIONAL BANKSHARES, INC. (Nasdaq Capital
Market: NKSH) announced that its Board of Directors today approved payment on
December 1, 2006 of a semi-annual dividend of $0.37 per share to stockholders of
record as of November 20, 2006. When adjusted for a March 31, 2006 stock split,
total annual Company dividends of $0.73 per share will be 2.8% higher than the
stockholder dividends paid in 2005.

National Bankshares Chairman, President and CEO James G. Rakes said, "We believe
in sharing our company's success with our stockholders, and we are pleased to be
able to pay a higher dividend once again this year."

National Bankshares, Inc. is a financial holding company headquartered in
Blacksburg, Virginia. It is the parent of National Bank, a 115 year-old bank
with 26 office locations throughout Southwest Virginia. The Company also
operates a non-bank subsidiary, National Bankshares Financial Services, Inc. Its
stock trades on the NASDAQ Stock Market under the symbol "NKSH". Additional
information is available on the Company web site at www.nationalbankshares.com.

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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