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 acquisition agreement with Raleigh, NC-based Dogwood State Bank, (OTC: DSBX, "Dogwood", $2.4 billion assets, $2 billion deposits) in an all-stock deal valued at $476.2 million (or $25.04/share of DSBX common stock, based on TOWN’s 15-day average closing stock price of $35.77 on August 18, 2025), reflective of a price to TBV of
Related Questions
How will the all‑stock acquisition affect TowneBank’s earnings per share and valuation metrics?
What are the expected synergies and integration costs, and how will they impact the combined balance sheet and credit metrics?
How might the deal influence market perception of TowneBank’s growth strategy and its competitive positioning in the regional banking sector?