TOWN News

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KBRA Comments on TowneBank's Merger Agreement to Acquire Dogwood State Bank

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--On August 19, 2025, Portsmouth, VA-based TowneBank (NASDAQ: TOWN)(KBRA Senior Unsecured Debt rating: A-/Stable Outlook) announced a definitive acqui...

How might the deal influence market perception of TowneBank’s growth strategy and its competitive positioning in the regional banking sector? What are the expected synergies and integration costs, and how will they impact the combined balance sheet and credit metrics? How will the all‑stock acquisition affect TowneBank’s earnings per share and valuation metrics?
Mergers
6 days ago
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TowneBank Expands Carolinas Presence Through Agreement to Acquire Dogwood State Bank

SUFFOLK, Va. and RALEIGH, N.C., Aug. 19, 2025 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) and Raleigh based Dogwood State Bank (OTCQX: DSBX) (“Dogwood”), today announced the ...

Will the merger face any regulatory hurdles or shareholder approvals that could delay or impact the transaction? What are the expected synergies and cost savings from combining TowneBank and Dogstone State Bank, and when will they be realized? How will the acquisition affect TowneBank’s earnings per share and revenue guidance?
Mergers
8 days ago
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TowneBank and Old Point Financial Corporation Announce Expected Closing Date and Election Deadline for Merger

SUFFOLK, Va. and HAMPTON, Va., Aug. 14, 2025 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) and Old Point Financial Corporation (NASDAQCM: OPOF) (“Old Point”), the parent compan...

How might the merger impact stock volatility and trading volume around the closing date? What are the expected changes to the company’s debt structure and credit rating after the merger? How will the merger influence TOWN’s valuation relative to its peer group post‑close?
Mergers
12 days ago
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TowneBank and Old Point Financial Corporation Announce Expected Closing Date and Election Deadline for Merger

SUFFOLK, Va. and HAMPTON, Va., Aug. 14, 2025 /PRNewswire/ -- Hampton Roads based TowneBank (NASDAQ: TOWN) and Old Point Financial Corporation (NASDAQCM: OPOF) ("Old Point"), the parent company of T...

What are the tax implications for shareholders of both companies? How will the merger affect the company's debt levels and credit ratings? What is the expected impact on the combined company's loan portfolio quality and credit risk?
Mergers
12 days ago
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