TowneBank Expands Carolinas Presence Through Agreement to Acquire Dogwood State Bank
1. TowneBank to acquire Dogwood State Bank, enhancing its market footprint. 2. Merger expected to add $22 billion in assets and expand into new regions. 3. Projected to increase earnings per share by 8% in 2027. 4. Leadership continuity assured with Dogwood's CEO joining TowneBank. 5. Regulatory and shareholder approvals needed before transaction completion.