Exhibit 99
News Release
Date: | Thursday, February 27, 2003 | |
Contact: | Leon Moore, Chairman, President and CEO | |
Cardinal Bankshares Corporation (540) 745-4191 | ||
J. W. Davis, President and CEO | ||
MountainBank Financial Corporation (828) 693-7376 |
Release Date: | For Immediate Release |
SHAREHOLDERS OF CARDINAL BANKSHARES CORPORATION VOTE AGAINST
MERGER AGREEMENT WITH MOUNTAINBANK FINANCIAL CORPORATION
FLOYD VA., February 27/ PR Newswire / — Shareholders of Cardinal Bankshares Corporation, Floyd, Virginia (OTC Bulletin Board: CDBK; parent company of Bank of Floyd) at a special shareholders meeting yesterday failed to approve a proposed merger agreement with MountainBank Financial Corporation (Nasdaq SmallCap: MBFC; parent company of MountainBank), Hendersonville, North Carolina.
SOURCE: Cardinal Bankshares Corporation and MountainBank Financial Corporation
