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TowneBank to acquire blueharbor bank for roughly $154 million

Tue, 06 Oct 2026 08:30:35 -0400

TowneBank (NASDAQ: TOWN) and blueharbor bank (OTCQX: BLHK) announced a definitive merger agreement under which TowneBank will acquire the Mooresville, North Carolina-based community bank for approximately $154 million, based on TowneBank's 10-day volume-weighted average price of $36.15 as of October 2, 2026.

Under the terms of the deal, blueharbor shareholders will receive $12.70 in cash and 1.0534 shares of TowneBank common stock for each share of blueharbor common stock held, representing an implied value of $50.78 per share. Approximately 75% of the total consideration will be paid in TowneBank common stock.

As of June 30, 2026, blueharbor reported total assets of approximately

TowneBank to acquire blueharbor bank for roughly $154 million

Tue, 06 Oct 2026 08:30:35 -0400

As of June 30, 2026, blueharbor reported total assets of approximately

TowneBank Enhances North Carolina Presence Through Agreement To Acquire blueharbor bank

Tue, 06 Oct 2026 08:30:00 -0400

SUFFOLK, Va. and MOORESVILLE, N.C., Oct. 06, 2026 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) and Mooresville based blueharbor bank (OTCQX: BLHK) (“blueharbor”), today announced the signing of a definitive merger agreement pursuant to which TowneBank will acquire blueharbor for approximately $154 million, based on TowneBank’s 10-day volume-weighted average price of $36.15 as of October 2, 2026. The proposed transaction will enhance TowneBank’s position in the greater Charlotte MSA as well as the fast-growing I-77 corridor including Mooresville and Statesville. The combination brings together blueharbor’s strong local lending and core deposit relationships with TowneBank’s broader

TowneBank Enhances North Carolina Presence Through Agreement To Acquire blueharbor bank

Tue, 06 Oct 2026 08:30:00 -0400

TowneBank Enhances North Carolina Presence Through Agreement To Acquire blueharbor bank

Tue, 06 Oct 2026 08:30:00 -0400

TowneBank Enhances North Carolina Presence Through Agreement To Acquire blueharbor bank

Tue, 06 Oct 2026 08:30:00 -0400

Blueharbor Bank (BLHK) Declares $0.25 Special Dividend; 0.6% Yield

Tue, 28 Jul 2026 08:44:23 -0400

Blueharbor Bank (OTC: BLHK) declared a special dividend of $0.25 per share.

The dividend will be payable on August 21, 2026, to stockholders of record on August 11, 2026, with an ex-dividend date of August 10, 2026.

The annual yield on the dividend is 0.6 percent.

For a dividend history and other dividend-related data on Blueharbor Bank (BLHK) click here.

Blueharbor Bank (BLHK) Declares $0.25 Special Dividend; 0.6% Yield

Tue, 28 Jul 2026 08:44:23 -0400

Blueharbor Bank (OTC: BLHK) declared a special dividend of $0.25 per share.

The dividend will be payable on August 21, 2026, to stockholders of record on August 11, 2026, with an ex-dividend date of August 10, 2026.

The annual yield on the dividend is 0.6 percent.

For a dividend history and other dividend-related data on Blueharbor Bank (BLHK) click here.

blueharbor bank Announces Cash Dividend

Tue, 28 Jul 2026 08:43:00 -0400

MOORESVILLE, N.C., July 28, 2026 /PRNewswire/ -- blueharbor bank (OTCQX-BLHK) announced today that its Board of Directors has declared a special dividend of $0.25 per share payable on August 21, 2026, to holders of record of its common stock on August 11, 2026. Jim Marshall, President and Chief Executive Officer of the Bank, commented that "we are pleased that our strong capital and earnings provide the Bank with this opportunity to enhance the value of our shareholders' investments. Although no decisions have been made, our Board may consider additional special dividends in the future."

blueharbor bank Announces Cash Dividend

Tue, 28 Jul 2026 08:43:00 -0400

blueharbor bank Announces Cash Dividend

Tue, 28 Jul 2026 08:43:00 -0400

blueharbor bank Announces Cash Dividend

Tue, 28 Jul 2026 08:43:00 -0400

blueharbor bank Reports Second Quarter 2026 Net Income

Fri, 10 Jul 2026 15:12:00 -0400

MOORESVILLE, N.C., June 10, 2026 /PRNewswire/ -- blueharbor bank (the "Bank") today reported earnings for the second quarter of 2026.

Second Quarter 2026 Highlights

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blueharbor bank Reports Second Quarter 2026 Net Income

Fri, 10 Jul 2026 15:12:00 -0400

MOORESVILLE, N.C., June 10, 2026 /PRNewswire/ -- blueharbor bank (the "Bank") today reported earnings for the second quarter of 2026.

Second Quarter 2026 Highlights

Diluted

blueharbor bank Reports Second Quarter 2026 Net Income

Fri, 10 Jul 2026 15:12:00 -0400

MOORESVILLE, N.C., June 10, 2026 /PRNewswire/ -- blueharbor bank (the "Bank") today reported earnings for the second quarter of 2026.

Second Quarter 2026 Highlights

Diluted

blueharbor bank Reports Second Quarter 2026 Net Income

Fri, 10 Jul 2026 15:12:00 -0400

MOORESVILLE, N.C., June 10, 2026 /PRNewswire/ -- blueharbor bank (the "Bank") today reported earnings for the second quarter of 2026.

Second Quarter 2026 Highlights

Diluted

Blueharbor Bank (BLHK) Tops Q1 EPS by 112c

Tue, 21 Apr 2026 17:15:07 -0400

Blueharbor Bank (OTC: BLHK) reported Q1 EPS of $1.12. Revenue for the quarter came in at $6.78 million.

For earnings history and earnings-related data on Blueharbor Bank (BLHK) click here.

blueharbor bank Reports First Quarter 2026 Net Income

Tue, 21 Apr 2026 08:45:00 -0400

MOORESVILLE, N.C., April 21, 2026 /PRNewswire/ -- blueharbor bank (the "Bank") today reported earnings for the first quarter of 2026.

MOORESVILLE, N.C., Feb. 24, 2026 /PRNewswire/ -- blueharbor bank (OTCQX-BLHK) announced today that its Board of Directors has declared a special dividend of $1.00 per share payable on March 31, 2026, to holders of record of its common stock on March 24, 2026. Jim Marshall, President and Chief Executive Officer of the Bank, commented that "we are pleased that our strong capital and earnings provide the Bank with this opportunity to enhance the value of our shareholders' investments. Although no decisions have been made, our Board may consider additional special dividends in the future."

blueharbor bank Announces Cash Dividend

Tue, 24 Feb 2026 14:25:00 -0400

blueharbor bank Announces Cash Dividend

Tue, 24 Feb 2026 14:25:00 -0400

blueharbor bank Announces Cash Dividend

Tue, 24 Feb 2026 14:25:00 -0400