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 ...

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

Old Point Financial Corporation’s OPOF share price has surged by 23.17%, which has investors questioning if this is right time to sell.

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

TowneBank (TOWN) and Old Point Financial (OPOF) announced the signing of a definitive agreement and plan of merger pursuant to which TowneBank ...

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 ...

Zacks Investment Research has recently initiated coverage of Old Point Financial Corporation OPOF with a Neutral recommendation. The firm’s analysis highlights a mix of promising earnings growth ...

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 ...