Towne Bank to Acquire BlueHarbor Bank for $154 Million
Towne Bank has entered into an agreement to acquire BlueHarbor Bank for approximately $154 million in cash and stock. The deal values BlueHarbor Bank at $50.78 per share, representing a 28% premium over its closing price on Monday.
Towne Bank said it has agreed to buy BlueHarbor Bank in a cash-and-stock deal valued at about $154 million. , company.