TowneBank and Old Point Financial Corporation Announce Expected Closing Date and Election Deadline for Merger

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 company of The Old Point National Bank of Phoebus ('Old Point National Bank”), today announced that they had received regulatory approval from the Federal Deposit Insurance Corporation (the 'FDIC”) and the Bureau of Financial Institutions of the Virginia State…

Thursday links: Points, pancakes, DATs and merger arb

Airlines defend their rewards moat, Binance courts favor over breakfast, DAT fees pile up and systematic thinking.

TowneBank Sets Sept 1 Close for Old Point Merger After Regulatory Approvals

TowneBank and Old Point Financial merger receives FDIC and Virginia regulatory approvals. Shareholders can elect $41 cash or 1.14 TowneBank shares per share by August 26 deadline.