Towne Bank (TOWN) to Acquire Farmers Bankshares, Inc. and Farmers Bank
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Townebank Announces Agreement To Acquire Farmers Bankshares, Inc. and Farmers Bank
August 18, 2022 8:00 AM EDTSUFFOLK, Va. and WINDSOR, Va., Aug. 18, 2022 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) and Farmers Bankshares, Inc. (OTCPK: FBVA), the parent company of Farmers Bank, Windsor, Virginia, today announced the signing of a definitive merger agreement pursuant to which Farmers Bankshares, Inc. and Farmers Bank, will merge with and into TowneBank. The proposed transaction will solidify TowneBanks number one market share in the Virginia Beach-Norfolk-Newport News MSA adding Isle of Wight and Southampton counties to the companys service area while expanding Towne... More
