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Towne Bank (TOWN.OQ)

TOWN.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Townebank Q2 earnings per share $0.12
Thursday, 28 Jul 2016 09:00am EDT 

Towne Bank : Townebank reports second quarter earnings . Q2 earnings per share $0.12 . Q2 revenue rose 10.8 percent to $84.25 million . Q2 non-GAAP earnings per share $0.36 excluding items . Qtrly net interest income increased to $47.78 million, a $2.90 million, or 6.46 percent, increase from Q2 of 2015 .Common dividend was $0.13 per share for quarter which represents an increase of 8.3 percent over dividend paid during same quarter of 2015.  Full Article

Towne bank and Monarch Financial receive regulatory approvals for merger
Tuesday, 17 May 2016 08:30am EDT 

Towne Bank : Townebank and monarch financial holdings, inc. Receive regulatory approvals for merger .Federal deposit insurance corporation, virginia state corporation commission approved acquisition of monarch financial holdings & its unit.  Full Article

TowneBank announces agreement to acquire Monarch Financial Holdings, Inc. and Monarch Bank
Thursday, 17 Dec 2015 09:15am EST 

Towne Bank and Monarch Financial Holdings:Says deal value per share of $18.57 or about $220.6 million based on townebank's closing stock price of $21.03 on Wednesday.Says transaction is expected to be accretive to townebank's earnings in 2016 and thereafter.Says combined companies would have total assets of $7.3 billion, deposits of $5.8 billion and loans of $5.4 billion.Under terms of agreement, common shareholders of Monarch will receive 0.8830 shares of townebank common stock for each share of Monarch.Says further it is anticipated that the transaction will be immediately accretive to townebank's capital ratios.Says neal crawford, Monarch Bank president, will join Towne as president and CEO of Towne Financial services group.Clyde e. mcfarland will join Towne corporate management group as senior executive vice president and chief financial officer.Says Monarch chairman, Jeffrey F. Benson, will join the townebank corporate board.  Full Article

Towne Bank announces quarterly cash dividend
Wednesday, 26 Aug 2015 12:13pm EDT 

Towne Bank:Declared its third-quarter shareholder cash dividend of $0.12 per common share.Payable on Oct. 9 to shareholders of record on Sept. 30.  Full Article

Towne Bank announces quarterly cash dividend
Wednesday, 20 May 2015 02:00pm EDT 

Towne Bank:Declares Q2 shareholder cash dividend of $0.12 per common share.Payable on July 10 to shareholders of record date as on June 30.  Full Article

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BRIEF-Townebank reports Q4 earnings per share $0.31

* Townebank reports full year and fourth quarter financial results for 2016