TowneBank Expands Carolinas Presence Through Agreement to Acquire Dogwood State Bank
1. TowneBank announces merger with Dogwood State Bank, enhancing market presence. 2. Transaction increases TowneBank's assets to approximately $22 billion post-merger. 3. Merger expected to be 8.0% accretive to TowneBank's 2027 earnings per share. 4. Key Dogwood executives to join TowneBank's leadership post-merger. 5. Merger set to close in early 2026, pending regulatory and shareholder approval.