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Towne Bank (TOWN.OQ)

TOWN.OQ on NASDAQ Stock Exchange Global Select Market

22.95USD
22 Jul 2016
Change (% chg)

$0.09 (+0.39%)
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$22.86
Open
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Volume
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Latest Key Developments (Source: Significant Developments)

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

Towne Bank announces quarterly cash dividends
Friday, 27 Feb 2015 04:59pm EST 

Towne Bank:Declares its first-quarter shareholder cash dividend of $0.11 per common share payable on April 10 to shareholders of record on March 30.  Full Article

Towne Bank completes acquisition of Franklin Financial Corporation
Monday, 5 Jan 2015 11:46am EST 

Towne Bank:Announced that, at the close of business on Jan. 2, 2015, it completed the previously announced acquisition of Franklin Financial Corporation.  Full Article

Stockholders approve Towne Bank acquisition of Franklin Financial Corporation
Thursday, 4 Dec 2014 04:06pm EST 

Franklin Financial Corp and Hampton Roads-based TowneBank:Says stockholder approval of their proposed merger at separate special stockholder meetings, pursuant to which TowneBank will acquire Franklin.Acquisition is expected to close on or about Jan. 2, 2015.Under terms of agreement, stockholders of Franklin will receive 1.40 shares of TowneBank common stock for each share of Franklin.  Full Article

Towne Bank announces quarterly cash dividends
Tuesday, 2 Dec 2014 04:56pm EST 

Towne Bank:Says on Nov. 26 declared its Q4 shareholder cash dividend of $0.11 per common share.Dividend payable on Jan. 12, 2015.Dividend to shareholders of record on Dec. 30, 2014.  Full Article

Towne Bank announces quarterly cash dividends
Thursday, 28 Aug 2014 12:38pm EDT 

Towne Bank:Declares third-quarter shareholder cash dividend of $0.11 per common share.Payable on Oct. 10 to shareholders of record on Sept. 26.  Full Article

BRIEF-Towne bank and Monarch Financial receive regulatory approvals for merger

* Townebank and monarch financial holdings, inc. Receive regulatory approvals for merger