Parkway Acquisition Corp. (OTC QX: PKKW) – the holding company for Skyline National Bank, announces that is Board of Directors has approved an amendment to its previously announced stock repurchase plan. The amendment allows for the repurchase of an additional 150,000 shares of Common Stock, bringing the aggregate total to 350,000 shares of Common Stock. To date 146,000 shares of Common Stock have been repurchased under the plan, leaving 204,000 share of Common Stock that may be repurchased from time to time until January 2021.

Parkway intends to purchase shares periodically through privately negotiated transactions or in the open market in accordance with Securities and Exchange Commission rules. The actual timing, number and value of shares repurchased under the program will be determined by management in its discretion and will depend on a number of factors, including the market price of the shares, general market and economic conditions, applicable legal requirements and other conditions.

About Parkway Acquisition Corp. & Skyline National Bank

Parkway Acquisition Corp. is a bank holding company headquartered in Floyd, Virginia, and is the parent company for Skyline National Bank. Skyline National Bank is a community bank, headquartered in Independence, Virginia. Skyline National Bank has 22 branches and three loan production offices, and provides a highly competitive suite of personal and business banking products and services to customers in southwestern Virginia and northwestern North Carolina.