TowneBank Completes Merger With Village Bank-March 2024-www.financetom.com

TowneBank Completes Merger With Village Bank

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

TowneBank Completes Merger With Village Bank

Apr 1, 2025 6:21 AM

09:14 AM EDT, 04/01/2025 (MT Newswires) -- TowneBank ( TOWN ) said Tuesday it has completed the merger with Village Bank and Trust Financial and its subsidiary, Village Bank.

Following the merger, Village Bank locations will operate as "Village Bank, a Division of TowneBank ( TOWN )" until June, when the systems and operations of Village Bank are to be converted into those of TowneBank ( TOWN ).

TowneBank ( TOWN ) said the merger, which was announced in September 2024, will bolster its presence in the Richmond, Virginia area.

Previous page： Google agrees $36 million fine for anti-competitive deals with Australia telcos Next page： U.S. Steel names Kevin Lewis as CFO

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Google agrees $36 million fine for anti-competitive deals with Australia telcos

Aug 17, 2025

SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...

U.S. Steel names Kevin Lewis as CFO

Jun 24, 2025

June 24 (Reuters) - U.S. Steel said on Tuesday Kevin Lewis would replace CFO Jessica Graziano effective immediately, days after the steelmaker closed its sale to Japan's Nippon Steel ( NISTF ). Graziano, who has spent nearly three years at the company, would stay on as a special advisor until July 18 to aid with the transition, U.S. Steel said....

FedEx cost cuts boost quarterly profit above Wall Street target

Jun 24, 2025

LOS ANGELES, June 24 (Reuters) - FedEx ( FDX ) reported better-than-expected quarterly profit, after cost cuts and improved export volumes pushed operating margins higher, and signaled caution ahead with a forecast for the current quarter that was short of analysts' target. The Memphis-based package delivery firm's adjusted profit was $1.46 billion, or $6.07 per share, for the fiscal fourth...

Nasdaq 100 notches first record high close since February

Jun 24, 2025

June 24 (Reuters) - The Nasdaq 100 notched a record high close on Tuesday for the first time since February, rebounding from deep losses in recent months related to worries about U.S. President Donald Trump's global tariffs. The index, which includes 100 of the most valuable non-financial companies listed on the Nasdaq stock exchange, rose 1.5% to end at 22,190.52...