TowneBank Completes Acquisition of Franklin Financial Corporation
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Towne Bank (TOWN) Closes Franklin Financial Acquisition
January 5, 2015 12:37 PM ESTTowne Bank (Nasdaq: TOWN) announced that, at the close of business on January 2, 2015, it completed the previously announced acquisition of Franklin Financial Corporation ("Franklin"), parent company of Franklin Federal Savings Bank, one of the oldest and largest community-based financial institutions in central Virginia.
All eight Franklin branches opened today as TowneBank Richmond. The same branch banking staff at these offices will continue to welcome and serve existing and new members. The regional headquarters for TowneBank Richmond will be located in Innsbrook at 4501 Cox Road, Glen Allen, Virginia.
"Our Towne family is passionately... More
