BRIEF-TowneBank And Old Point Financial Corporation Announce Agreement To Merge

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BRIEF-TowneBank And Old Point Financial Corporation Announce Agreement To Merge

, Reuters - 7:28 AM ET 4/3/2025 default

April 3 (Reuters) - Old Point Financial Corp ( OPOF ):

* TOWNEBANK AND OLD POINT FINANCIAL CORPORATION ANNOUNCE AGREEMENT TO MERGE

* TOWNEBANK ( TOWN ) - ACQUISITION EXPECTED TO BE 10% ACCRETIVE TO EPS

* TOWNEBANK ( TOWN ) - DEAL VALUED AT APPROXIMATELY $203 MILLION

* TOWNEBANK ( TOWN ) - OLD POINT SHAREHOLDERS TO RECEIVE $41.00 OR 1.1400 TOWNEBANK SHARES Source text: Further company coverage:

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