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<title>TowneBank Announces Special Cash Dividend</title>
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<pubDate>Thu, 23 Apr 2026 04:00:00 GMT</pubDate>
<description>SUFFOLK, Va., April 23, 2026 (GLOBE NEWSWIRE) -- TowneBank (NASDAQ: TOWN) announced today that its Board of Directors declared a onetime special dividend of</description>
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<title>TowneBank Reports First Quarter 2026 Earnings</title>
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<pubDate>Wed, 22 Apr 2026 20:30:00 GMT</pubDate>
<description>SUFFOLK, Va., April 22, 2026 (GLOBE NEWSWIRE) -- TowneBank (the "Company" or "Towne") (NASDAQ: TOWN) today reported earnings for the quarter ended March 31, 2026 of $40.99 million, or $0.45 per diluted share, compared to $43.71 million, or $0.58 per diluted share, for the quarter ended March 31, 2025. Excluding certain items affecting comparability, core earnings (non-GAAP) were $66.73 million, or $0.74 per diluted share, in the current quarter compared to $44.10 million, or $0.58 per diluted sh</description>
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<title>TowneBank Announces Sale of Resort Property Management Segment</title>
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<pubDate>Mon, 06 Apr 2026 04:00:00 GMT</pubDate>
<description>SUFFOLK, Va., April 06, 2026 (GLOBE NEWSWIRE) -- TowneBank (Nasdaq: TOWN) today announced it has completed a transaction to sell its Resort Property</description>
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<title>Richard Cullen Joins the TowneBank Corporate Board of Directors</title>
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<pubDate>Mon, 02 Feb 2026 05:00:00 GMT</pubDate>
<description>SUFFOLK, Va., Feb. 02, 2026 (GLOBE NEWSWIRE) -- TowneBank (Nasdaq: TOWN) is pleased to announce the appointment of Richard Cullen to its Board of Directors.</description>
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<title>TowneBank Reports Full Year and Fourth Quarter Financial Results for 2025</title>
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<pubDate>Wed, 28 Jan 2026 21:30:00 GMT</pubDate>
<description>SUFFOLK, Va., Jan. 28, 2026 (GLOBE NEWSWIRE) -- TowneBank (the "Company" or "Towne") (Nasdaq: TOWN) today reported financial results for the full year and fourth quarter ended December 31, 2025. For the year ended December 31, 2025, earnings were $169.53 million, or 2.21 per diluted share, compared to $161.36 million, or 2.15 per diluted share, for the year ended December 31, 2024. Excluding certain items affecting comparability, core earnings (non-GAAP) for 2025 were $231.55 million, or $3.02 p</description>
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<title>TowneBank Announces Completion of Dogwood State Bank Merger</title>
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<pubDate>Mon, 12 Jan 2026 05:00:00 GMT</pubDate>
<description>SUFFOLK, Va., Jan. 12, 2026 (GLOBE NEWSWIRE) -- Hampton Roads-based TowneBank (NASDAQ: TOWN) announced today the completion of its merger with Raleigh-based</description>
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<title>Dogwood State Bank Shareholders Approve Merger into TowneBank</title>
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<pubDate>Wed, 10 Dec 2025 05:00:00 GMT</pubDate>
<description>RALEIGH, N.C., Dec. 10, 2025 /PRNewswire/ -- Shareholders of Dogwood State Bank (OTCQX: DSBX) ("Dogwood" or the "Bank") approved the previously announced</description>
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<title>TowneBank Announces Quarterly Cash Dividend</title>
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<pubDate>Wed, 26 Nov 2025 05:00:00 GMT</pubDate>
<description>SUFFOLK, Va., Nov. 26, 2025 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that its Board of Directors declared its</description>
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<title>TowneBank Reports Third Quarter 2025 Earnings</title>
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<pubDate>Wed, 22 Oct 2025 04:00:00 GMT</pubDate>
<description>SUFFOLK, Va., Oct. 22, 2025 (GLOBE NEWSWIRE) -- TowneBank (the "Company" or "Towne") (NASDAQ: TOWN) today reported earnings for the quarter ended September</description>
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<title>TowneBank Announces Completion of Old Point Financial Corporation Merger</title>
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<pubDate>Tue, 02 Sep 2025 04:00:00 GMT</pubDate>
<description>SUFFOLK, Va., Sept. 02, 2025 (GLOBE NEWSWIRE) -- TowneBank (Nasdaq: TOWN) announced today the completion of its merger with Old Point Financial Corporation</description>
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<title>KBRA Comments on TowneBank's Merger Agreement to Acquire Dogwood State Bank</title>
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<pubDate>Wed, 20 Aug 2025 16:53:00 GMT</pubDate>
<description>NEW YORK, August 20, 2025--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 2</description>
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<title>TowneBank Expands Carolinas Presence Through Agreement to Acquire Dogwood State Bank</title>
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<pubDate>Tue, 19 Aug 2025 04:00:00 GMT</pubDate>
<description>SUFFOLK, Va. and RALEIGH, N.C., Aug. 19, 2025 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) and Raleigh based Dogwood State Bank (OTCQX:</description>
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<title>TowneBank and Old Point Financial Corporation Announce Expected Closing Date and Election Deadline for Merger</title>
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<pubDate>Thu, 14 Aug 2025 04:00:00 GMT</pubDate>
<description>SUFFOLK, Va. and HAMPTON, Va., Aug. 14, 2025 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) and Old Point Financial Corporation (NASDAQCM:</description>
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<title>TowneBank Reports Second Quarter 2025 Earnings</title>
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<pubDate>Wed, 23 Jul 2025 04:00:00 GMT</pubDate>
<description>Suffolk, Va., July 23, 2025 (GLOBE NEWSWIRE) -- TowneBank (the "Company" or "Towne") (NASDAQ: TOWN) today reported earnings for the quarter ended June 30,</description>
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<title>Old Point Announces Shareholder Approval for Merger</title>
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<pubDate>Wed, 02 Jul 2025 20:30:00 GMT</pubDate>
<description>Old Point Financial Corporation (the "Company" or "Old Point") (NASDAQ: OPOF), holding company of The Old Point National Bank of Phoebus ("Old Point National Bank"), announced today that its shareholders approved the merger of the Company and Old Point National Bank with and into TowneBank. Completion of the transaction remains subject to customary closing conditions, including the receipt of required regulatory approvals, and is expected to be completed in the second half of 2025.</description>
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<title>TowneBank Reports First Quarter 2025 Earnings</title>
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<pubDate>Wed, 23 Apr 2025 04:00:00 GMT</pubDate>
<description>SUFFOLK, Va., April 23, 2025 (GLOBE NEWSWIRE) -- TowneBank (the "Company" or "Towne") (NASDAQ: TOWN) today reported earnings for the quarter ended March 31,</description>
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<title>TowneBank and Old Point Financial Corporation Announce Agreement to Merge</title>
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<pubDate>Thu, 03 Apr 2025 04:00:00 GMT</pubDate>
<description>SUFFOLK, Va. and HAMPTON, Va., April 03, 2025 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) and Old Point Financial Corporation (NASDAQCM:</description>
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<title>TowneBank Announces Completion of Village Bank and Trust Financial Corp. Merger</title>
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<pubDate>Tue, 01 Apr 2025 04:00:00 GMT</pubDate>
<description>SUFFOLK, Va., April 01, 2025 (GLOBE NEWSWIRE) -- TowneBank (Nasdaq: TOWN) announced today the completion of its merger with Village Bank and Trust Financial</description>
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<title>TowneBank and Village Bank and Trust Financial Corp. Receive Regulatory Approvals for Merger</title>
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<pubDate>Tue, 11 Mar 2025 04:00:00 GMT</pubDate>
<description>SUFFOLK, Va. and MIDLOTHIAN, Va., March 11, 2025 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) and Village Bank and Trust Financial Corp.</description>
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<title>TowneBank Reports Full Year and Fourth Quarter Financial Results for 2024</title>
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<pubDate>Wed, 22 Jan 2025 05:00:00 GMT</pubDate>
<description>SUFFOLK, Va., Jan. 22, 2025 (GLOBE NEWSWIRE) -- TowneBank (the "Company" or "Towne") (Nasdaq: TOWN) today reported financial results for the full year and</description>
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