Dogwood State Bank shareholders approve TowneBank merger

Wed, 10 Dec 2025 14:58:33 -0400

Shareholders of Dogwood State Bank (OTCQX: DSBX) approved the merger of the company into TowneBank (NASDAQ: TOWN) at a special meeting held December 3, according to a company statement.

The transaction is expected to close in early first quarter 2026, subject to customary closing conditions and regulatory approvals.

"We are pleased that our shareholders have approved the proposed merger into TowneBank," said Steve Jones, CEO of Dogwood. "This approval marks a significant milestone, and we look forward to completing the merger and moving forward together."

Dogwood State Bank operates as a state-chartered community bank headquartered in Raleigh, North Carolina, with approximately $2.4 billion

Dogwood State Bank shareholders approve TowneBank merger

Wed, 10 Dec 2025 14:58:33 -0400

Shareholders of Dogwood State Bank (OTCQX: DSBX) approved the merger of the company into TowneBank (NASDAQ: TOWN) at a special meeting held December 3, according to a company statement.

The transaction is expected to close in early first quarter 2026, subject to customary closing conditions and regulatory approvals.

Dogwood State Bank operates as a state-chartered community bank headquartered in Raleigh, North Carolina, with approximately $2.4 billion

Dogwood State Bank Shareholders Approve Merger into TowneBank

Wed, 10 Dec 2025 14:45:00 -0400

RALEIGH, N.C., Dec. 10, 2025 /PRNewswire/ -- Shareholders of Dogwood State Bank (OTCQX: DSBX) ("Dogwood" or the "Bank") approved the previously announced merger of Dogwood into TowneBank (NASDAQ: TOWN) at a special meeting of shareholders on December 3, 2025.

Dogwood State Bank Shareholders Approve Merger into TowneBank

Wed, 10 Dec 2025 14:45:00 -0400

Dogwood State Bank Shareholders Approve Merger into TowneBank

Wed, 10 Dec 2025 14:45:00 -0400

Dogwood State Bank Shareholders Approve Merger into TowneBank

Wed, 10 Dec 2025 14:45:00 -0400

Dogwood State Bank Shareholders Approve Merger into TowneBank

Wed, 10 Dec 2025 14:45:00 -0400

Dogwood State Bank Shareholders Approve Merger into TowneBank

Wed, 10 Dec 2025 14:45:00 -0400

TowneBank agrees to acquire Dogwood State Bank for $476 million

Wed, 20 Aug 2025 12:53:15 -0400

TowneBank (NASDAQ: TOWN) announced a definitive agreement to acquire Dogwood State Bank (OTC: DSBX) in an all-stock transaction valued at $476.2 million, according to a statement from Kroll Bond Rating Agency.

The deal values Dogwood at $25.04 per share based on TowneBank's 15-day average closing price of $35.77 as of August 18. Dogwood operates with $2.4 billion in assets and $2 billion in deposits across 17 retail branches in North Carolina and South Carolina markets including Raleigh, Charlotte, Greenville, Wilmington, and Charleston.