TowneBank to buy blueharbor bank for $154 million

TowneBank has agreed to acquire blueharbor bank for approximately $154 million in a deal aimed at expanding its presence in North Carolina's greater Charlotte area and I-77 corridor. The transaction involves a mix of cash and stock, with blueharbor shareholders set to receive $12.70 in cash and 1.0534 shares of TowneBank common stock per share. Based on TowneBank's 10-day volume-weighted average price as of Oct. 2, 2026, this implies a stock component of roughly 75%. As of June 30, 2026, blueharbor reported $628 million in assets, $537 million in loans, and $551 million in deposits across its