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Towne Bank Mergers & Acquisitions

Towne Bank M&A Summary

Towne Bank has acquired 2 companies, including 1 in the last 5 years.

Towne Bank’s largest acquisition to date was in 2025, when it acquired Old Point Financial for $203M. Towne Bank has acquired in 2 different US states. The Company’s most targeted sectors include financial services (50%) and insurance (50%).

M&A Summary

  • M&A Total Activity2
    • M&A Buy Activity2
  • Total Sectors Invested 2
  • Total Countries Invested 1

Towne Bank

Towne Bank

5716 High Street,
Portsmouth, Virginia 23703
United States,
(757) 638-7500
www.townebank.com

All (2) Buy (2) Sell (-)
Date Target Value
$mlns 		Transaction Type Acquirer Seller SRC
Link
2025-04-03 Old Point National Bank · Financial Services
Hampton, Virginia · www.oldpoint.com

Old Point National Bank offers a full range of retail and commercial financial services, including mortgage loan products offered through Old Point Mortgage. A full array of insurance products is also offered through Old Point Insurance, LLC in partnership with Morgan Marrow Company. Wealth offers a full range of services for individuals and businesses. Their products and services include retirement planning, estate planning, financial planning, estate and trust administration, retirement plan administration, tax services and investment management services. Old Point Financial was founded in 1922 and is based in Hampton, Virginia.

Revenue (mlns) 62 USD
Advisors: Keefe, Bruyette & Woods , Troutman Pepper Hamilton Sanders 		203
3.3x REVENUE 		Add-on Acquisition

Towne Bank
Advisors: Piper Sandler & Co. , Wachtell, Lipton, Rosen & Katz , Williams Mullen

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