Dogwood State Bank Shareholders Approve Merger with TowneBank
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
Updated: 23 hour ago0mins
- Merger Approval: Dogwood State Bank shareholders approved the merger with TowneBank during a special meeting on December 3, 2025, marking a significant milestone with an expected closing in early Q1 2026.
- Asset Scale: With approximately $2.4 billion in total assets, Dogwood focuses on providing lending services to small businesses, and the merger is anticipated to enhance its competitive position in the market.
- Business Integration: The merger will require customary regulatory approvals, which may affect the timeline and costs associated with the integration of Dogwood and TowneBank's operations.
- Future Outlook: Post-merger, Dogwood plans to leverage combined resources and services to further attract business clients, aiming to drive long-term growth opportunities in the community banking sector.
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Analyst Views on TOWN
Wall Street analysts forecast TOWN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TOWN is 40.00 USD with a low forecast of 38.00 USD and a high forecast of 42.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 35.260
Low
38.00
Averages
40.00
High
42.00
Current: 35.260
Low
38.00
Averages
40.00
High
42.00
Stephens & Co.
Russell Gunther
Hold
Reiterates
$41
2025-01-23
Reason
Stephens & Co.
Russell Gunther
Price Target
$41
2025-01-23
Reiterates
Hold
Reason
See All Ratings
About TOWN
TowneBank offers a full range of banking and other financial services through its controlled divisions and subsidiaries. The Company's financial services include banking, resort property management, mortgage, insurance, employee benefit services, and investments. Its segments include Banking, Realty, and Insurance. The banking segment provides loan and deposit services to retail and commercial customers and also provides a variety of investment and asset management services. The Realty segment offers mortgage loans and resort property management. The Insurance segment provides a full line of commercial and consumer insurance products and financial services, as well as employee benefit services. Its business banking services include business lending, business checking and online banking and treasury services. The Company operates over 50 banking offices throughout Hampton Roads and Central Virginia, as well as Northeastern and Central North Carolina.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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