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TO
Towne Bank
TOWN
Mkt Cap
$3.24B
Volume
398.34K
Next Earnings
October 28th
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TO
TOWN
TO
Towne Bank
TOWN
News
·
TowneBank Announces Quarterly Cash Dividend
Mkt Cap
$3.22B
Volume
398.34K
Next Earnings
October 28th
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TowneBank Announces Quarterly Cash Dividend
TowneBank (NASDAQ: TOWN) announced a second-quarter cash dividend of $0.28 per share, representing a 3.7% increase from the previous rate. The bank also approved a one-time $25 million donation to the TowneBank Foundation following the sale of its Resort Property Management business for $250 million in April 2026.
Benzinga · May 20, 2026
TowneBank Announces Quarterly Cash Dividend
TowneBank announced a 3.7% increase in its quarterly dividend to $0.28 per share, raising the annual rate to $1.12. Following the sale of its Resort Property Management business for $250 million and a special dividend of $0.70 per share, the bank's board approved a $25 million donation to the TowneBank Foundation to support charitable organizations in its service communities.
GlobeNewswire Inc. · May 20, 2026
TowneBank Announces Special Cash Dividend
TowneBank (NASDAQ:TOWN) announced a special one-time cash dividend of $0.70 per share payable May 20, 2026, totaling approximately $65 million. The dividend represents roughly 32% of the estimated $203 million pre-tax gain from the sale of its Resort Property Management business completed on April 3, 2026 for $250 million.
Benzinga · Apr 23, 2026
TowneBank Announces Sale of Resort Property Management Segment
TowneBank (NASDAQ: TOWN) completed the sale of its Resort Property Management segment, Towne Vacations, to Belcrest Vacations Acquisitions, LLC for $250 million. The bank's leadership stated the transaction creates shareholder value and positions the business for future growth under new ownership.
Benzinga · Apr 6, 2026
TowneBank Announces Quarterly Cash Dividend
TowneBank (NASDAQ: TOWN), a Hampton Roads-based bank with $19.69 billion in total assets, announced a first-quarter shareholder cash dividend of $0.27 per common share payable on April 10, 2026. The bank operates over 70 banking offices across Virginia, North Carolina, and South Carolina, offering comprehensive banking and financial services through multiple affiliated companies.
GlobeNewswire Inc. · Feb 25, 2026
Dogwood State Bank Shareholders Approve Merger into TowneBank
Shareholders of Dogwood State Bank have approved a merger with TowneBank, expected to close in early Q1 2026, pending regulatory approvals.
Benzinga · Dec 10, 2025
TowneBank Announces Completion of Old Point Financial Corporation Merger
TowneBank has completed its merger with Old Point Financial Corporation, enhancing its market position in the Hampton Roads region. The merger will integrate Old Point National Bank's operations into TowneBank by February 2026, with former Old Point CEO Robert F. Shuford, Jr. appointed as a senior executive vice president.
Benzinga · Sep 2, 2025
TowneBank Expands Carolinas Presence Through Agreement to Acquire Dogwood State Bank
TowneBank will acquire Dogwood State Bank in a merger that expands its strategic presence along the Interstate 85 corridor, creating a combined entity with approximately $22 billion in total assets, expected to close in early 2026.
GlobeNewswire Inc. · Aug 19, 2025
TowneBank and Old Point Financial Corporation Announce Expected Closing Date and Election Deadline for Merger
TowneBank and Old Point Financial Corporation have received regulatory approval for their merger, expected to close on September 1, 2025. Shareholders can elect to receive cash, TowneBank stock, or a combination, with an election deadline of August 26, 2025.
GlobeNewswire Inc. · Aug 14, 2025
TowneBank Announces Quarterly Cash Dividend
TowneBank, a Virginia-based bank, announced a quarterly cash dividend of $0.27 per common share, an 8% increase from the previous dividend rate.
Benzinga · May 14, 2025
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Earnings
Dividends
Last · Sep 25
Quarterly
Amount
$0.28
Yield
5.08%
Annual
$1.80