TowneBank completes merger with Dogwood State Bank

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Go back to TowneBank completes merger with Dogwood State Bank

TowneBank Announces Completion of Dogwood State Bank Merger

January 12, 2026 9:00 AM EST

SUFFOLK, Va., Jan. 12, 2026 (GLOBE NEWSWIRE) -- Hampton Roads-based TowneBank (NASDAQ: TOWN) announced today the completion of its merger with Raleigh-based Dogwood State Bank (Dogwood). The merger substantially enhances TowneBanks strategic journey down the fast-growing Interstate 85 corridor from Richmond, Virginia, and into Greenville and the upstate region of South Carolina. The merger also strengthens TowneBanks position in key North Carolina markets, including Raleigh, Charlotte, Greensboro-Winston Salem, and Greenville. In addition, the merger expands the banks footprint along the Eastern North Carolina coast from the Outer Banks to include Morehead City, Wilmington, and... More