BRIEF-TowneBank And Old Point Financial Corporation Announce Agreement To Merge-February 2024-www.financetom.com

BRIEF-TowneBank And Old Point Financial Corporation Announce Agreement To Merge

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BRIEF-TowneBank And Old Point Financial Corporation Announce Agreement To Merge

Apr 3, 2025 4:43 AM

April 3 (Reuters) - Old Point Financial Corp ( OPOF ):

* TOWNEBANK AND OLD POINT FINANCIAL CORPORATION ANNOUNCE

AGREEMENT

TO MERGE

* TOWNEBANK ( TOWN ) - ACQUISITION EXPECTED TO BE 10% ACCRETIVE TO

EPS

* TOWNEBANK ( TOWN ) - DEAL VALUED AT APPROXIMATELY $203 MILLION

* TOWNEBANK ( TOWN ) - OLD POINT SHAREHOLDERS TO RECEIVE $41.00 OR

1.1400

TOWNEBANK SHARES

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