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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.
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 TowneBa
TowneBank announced it will acquire Blueharbor Bank for approximately $154 million.