SA News • Thu, Oct. 23
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Thu, Oct. 23, 5:28 PM
Thu, Aug. 28, 12:50 PM
Wed, Jul. 23, 5:36 PM
Tue, Jul. 15, 8:13 AM
- Franklin (NASDAQ:FRNK) owners will receive 1.4 shares of TowneBank (NASDAQ:TOWN) stock for each share of Franklin they own, valuing Franklin at $23.04 per share based on Towne's Monday close of $16.46. Franklin closed Monday at $21.90.
- The combined lenders will have total assets of $5.9B, with loans of $3.8B and deposits of $4.1B.
- The deal is expected to be immediately accretive to TowneBank's capital ratios, and accretive to earnings in 2016 and thereafter.
- Investor presentation
- Source: Press Release
Wed, May. 21, 12:29 PM
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Towne Bank is a community bank. It offer retail and commercial banking services to the Greater Hampton Roads region in south eastern Virginia and north eastern North Carolina. The Company operates in Banking, Realty, and Insurance.
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