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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000796534-07-000016.txt : 20070509
<SEC-HEADER>0000796534-07-000016.hdr.sgml : 20070509
<ACCEPTANCE-DATETIME>20070509164152
ACCESSION NUMBER:		0000796534-07-000016
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20070509
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20070509
DATE AS OF CHANGE:		20070509

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:		07833042

	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
<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:  May 9, 2007                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 May 9, 2007, announcing that
its Board of Directors has declared a semi-annual dividend of $0.37 per share
payable on June 1, 2007 to stockholders of record as of May 21, 2007. The press
release is attached as Exhibit 99.1 and is incorporated herein by reference.

ITEM 8.01 OTHER EVENTS

The Company's May 9, 2007 press release also announced the renewal of a stock
repurchase plan under which the Company's management is authorized to repurchase
up to 100,000 of common stock in the open market in the period from June 1, 2007
through May 31, 2008. The press release is attached as Exhibit 99.1 and is
incorporated herein by reference.

Item 9.01  FINANCIAL STATEMENTS AND EXHIBITS

(d)    Exhibits

99.1    National Bankshares, Inc. press release dated May 9, 2007.


                                    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:  May 9, 2007                  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
<TEXT>





FOR IMMEDIATE RELEASE

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


                  NATIONAL BANKSHARES, INC. BOARD OF DIRECTORS
                    APPROVES SEMI-ANNUAL DIVIDEND AND RENEWAL
                        OF STOCK REPURCHASE AUTHORIZATION


BLACKSBURG, VA, MAY 9, 2007: NATIONAL BANKSHARES, INC. (NASDAQ Capital Market:
NKSH) announced that its Board of Directors today approved payment on June 1,
2007 of a semi-annual dividend of $0.37 per share to stockholders of record as
of May 21, 2007.

In other business, the Board of Directors renewed its authorization of a stock
repurchase plan in which management is authorized to purchase up to 100,000
shares of the Company's common stock on the open market. This authorization
extends from June 1, 2007 to May 31, 2008. To date, National Bankshares, Inc.
has acquired 37,250 shares under the current stock repurchase plan that expires
on May 31, 2007. The Company's management has not yet determined how many
shares, if any, might be purchased under the renewed stock repurchase plan.

National Bankshares, Inc. is a financial holding company headquartered in
Blacksburg, Virginia. It is the parent company of National Bank, a community
bank that has 26 office locations throughout Southwest Virginia. The Company
also operates a non-bank subsidiary, National Bankshares Financial Services,
Inc., that offers insurance and investment services. Its stock trades on the
NASDAQ Stock Market under the symbol "NKSH". Additional information is available
on the Company's web site at www.nationalbankshares.com.

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