TowneBank and Old Point Financial Corp. announced an agreement Thursday to merge in a deal valued at $203 million.

TowneBank (NASDAQ:TOWN) is set to acquire the bank holding company Old Point Financial (NASDAQ:OPOF) for a transaction value of ~$203M. TOWN shares were trading 7.32% down Thursday pre-market at ...

Old Point shareholders can opt for either $41.00 in cash or 1.1400 shares of TowneBank common stock for each share held.

Pro forma for TowneBank’s recently closed acquisition of Village Bank and Trust Financial Corp. and the proposed acquisition of Old Point, the combined company would have total assets of $19.5 ...

SUFFOLK, Va. — TowneBank and Old Point National Bank of Phoebus have entered into a merger agreement. As part of the deal, the Hampton Roads-based TowneBank will acquire both Old Point and OPNB ...

Suffolk-based TowneBank plans to acquire Hampton-based Old Point Financial Corp., the parent company of Old Point National Bank. The combined company would have assets of $19.5 billion ...

Hampton Roads based TowneBank (NASDAQ: TOWN) and Old Point Financial Corporation (NASDAQCM: OPOF) (“Old Point”), the parent company of The Old Point National Bank of Phoebus (“OPNB”), today announced ...

Suffolk-based TowneBank announced plans Thursday to acquire Old Point Financial, parent company of The Old Point National Bank of Phoebus, in a deal valued at $203 million. The combined bank is ...

Information about the directors and executive officers of Old Point and their ownership of Old Point common stock can also be found in Old Point’s definitive proxy statement in connection with ...

SUFFOLK, Va. and HAMPTON, Va., April 03, 2025 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) and Old Point Financial Corporation (NASDAQCM: OPOF) (“Old Point”), the parent ...