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Old Point Financial Corporation Completes Merger with TowneBank
OPOF
M&A
Delisting/Listing Issues
Management Change
- Old Point Financial Corporation and its subsidiary, Old Point National Bank, completed their merger with TowneBank on September 1, 2025.
- Holders of Old Point common stock received either $41.00 per share in cash or 1.14 shares of TowneBank common stock, with approximately 40% of shares converted to cash and 60% to stock.
- As a result of the merger, Old Point common stock was delisted from Nasdaq before the opening of trading on September 2, 2025, and Old Point ceased to exist as a separate legal entity.
Sep 2, 2025, 9:01 PM
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