TowneBank to Acquire Blueharbor Bank
TowneBank has entered into an agreement to acquire Blueharbor Bank, thereby expanding its presence in North Carolina.
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12:33:13 PM UTC
SquawkNews
TowneBank signed a definitive deal to acquire blueharbor bank for approximately $154M, with blueharbor holders to receive $12.70 in cash plus 1.0534 TowneBank shares per share. Closing is expected in Q1 2027, subject to approvals.Material DetailsContext by AI AnalystThis is a mid-cycle expansion mo…