OPOF Overview

Merger Announcement: TowneBank and Old Point Financial Corporation have received regulatory approval for their merger, expected to close around September 1, 2025. Shareholders of Old Point must elect their preferred form of consideration by August 26, 2025.

Election Details: Old Point shareholders can choose between cash, shares of TowneBank stock, or a combination for their shares. Those who do not make an election will have no control over the type of consideration they receive, which may vary based on other shareholders' elections.

Merger Announcement: Old Point Financial Corporation's shareholders have approved the merger with TowneBank, which is expected to be completed in the second half of 2025, pending regulatory approvals.

Strategic Value: The CEO of Old Point emphasized the merger as a significant opportunity for growth and community support, highlighting shareholder confidence in the strategic partnership.

Investigation of Companies: Halper Sadeh LLC is investigating Old Point Financial Corporation, ProAssurance Corporation, and SpringWorks Therapeutics, Inc. for potential violations of federal securities laws related to their sales to other companies.

Shareholder Rights: The law firm encourages shareholders from these companies to contact them for free consultations regarding their legal rights and options, emphasizing that they operate on a contingent fee basis.

Class Action Firm Recognition: Monteverde & Associates PC has been recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report and is currently investigating several proposed mergers involving Old Point Financial Corporation, ProAssurance Corporation, SpringWorks Therapeutics, and Flowserve Corporation.

Shareholder Votes and Compensation: Shareholder votes for these mergers are scheduled between June 24 and July 2, 2025, with compensation options including cash payments or stock exchanges for shareholders of the respective companies.

Investigation of Companies: Halper Sadeh LLC is investigating potential violations of federal securities laws and fiduciary duties related to the sales of Old Point Financial Corporation, ProAssurance Corporation, and SpringWorks Therapeutics, Inc. to other companies, offering cash or stock options to shareholders.

Legal Support for Shareholders: The law firm encourages affected shareholders to contact them for free consultations regarding their rights and options, emphasizing that they operate on a contingent fee basis without upfront costs for legal fees.

Legal Firm Overview: Monteverde & Associates PC, a recognized class action firm based in New York, is investigating several proposed mergers involving Old Point Financial Corporation, ProAssurance Corporation, SpringWorks Therapeutics, and TuHURA Biosciences, with shareholder votes scheduled between June 23 and July 2, 2025.

Shareholder Information: The firm emphasizes that it offers free consultations for shareholders concerned about these mergers and encourages them to act promptly to ensure their interests are represented.