Old Point Financial CORP

Old Point Financial Corporation has completed its merger with TowneBank, resulting in its delisting from Nasdaq and cessation of independent operations.

TowneBank and Old Point Financial Corporation announce receipt of all regulatory approvals for their merger, setting an expected closing date of September 1, 2025.

Old Point Financial Corporation announced a significant drop in second-quarter 2025 net income to $1.2 million, or $0.24 diluted EPS, while continuing preparations for its merger with TowneBank.

Old Point Financial Corporation shareholders have overwhelmingly approved the proposed merger with TowneBank, moving the transaction closer to its expected completion in the second half of 2025.

Old Point Financial Corporation has filed an 8-K to provide supplemental disclosures to its merger proxy statement with TowneBank, following the filing of two shareholder lawsuits alleging disclosure deficiencies.

Old Point Financial Corporation announced a consistent quarterly cash dividend of $0.14 per share, payable on June 30, 2025, to shareholders of record as of June 9, 2025.

Old Point Financial Corporation reported a 50.9% drop in second-quarter net income and a 23.5% rise in non-performing assets, as it progresses towards a merger with TowneBank.

Old Point Financial Corporation announces its first quarter 2025 financial results, highlighted by a proposed merger with TowneBank.

Old Point Financial Corporation's third-quarter earnings increased significantly, driven by a rise in net interest income and improved asset quality.

Old Point Financial Corporation's second quarter saw a rise in net income, though net interest margin experienced a slight decrease, alongside strategic cost-saving measures.

Old Point Financial Corporation's Q1 2024 net income decreased compared to the previous year, despite ongoing efforts to reduce noninterest expenses.

Old Point Financial Corporation files an amendment to its 2024 annual report on Form 10-K to include previously omitted information regarding directors, executive officers, and corporate governance, as well as an updated exhibit index, ahead of its merger with TowneBank.

Old Point Financial Corporation's 2024 results show improved net income driven by strategic initiatives and effective capital management, despite a decrease in net loans.

Old Point Financial Corporation's 2023 annual report reveals a year of growth in assets and deposits, alongside a slight dip in net income.

Old Point Financial Corp. director John Cabot Ishon disposed of all his beneficial holdings following the company's merger with TowneBank.

Old Point Financial Corp. director Michael A. Glasser disposed of all his common stock holdings following the company's merger with TowneBank.

Old Point Financial Director Stephen Conway Adams reported the disposal of common stock following the company's merger with TowneBank.

Old Point Financial Director Elizabeth S. Wash disposed of all 14,679 common shares following the company's merger with TowneBank on September 1, 2025.

Old Point Financial Corp. director Rebekah Ellen Thacker disposed of all her beneficial ownership in OPOF common stock following the company's merger with TowneBank.

Old Point Financial Director Robert F. Shuford reported a change in beneficial ownership following the merger with TowneBank, converting his shares into cash or TowneBank stock.

Old Point Financial Corporation has filed supplemental disclosures to its merger proxy statement in response to shareholder lawsuits alleging deficiencies, aiming to avoid delays and minimize litigation risks for its proposed merger with TowneBank.

Old Point Financial Corporation and its subsidiary bank will merge into TowneBank, offering Old Point shareholders a choice of $41.00 cash or 1.14 shares of TowneBank common stock per share, subject to proration.

Old Point Financial Corporation announced its first quarter 2025 results, reporting a net income of $2.2 million and highlighting its merger agreement with TowneBank.

TowneBank and Old Point Financial Corporation have entered into a definitive merger agreement, with TowneBank acquiring Old Point for a combination of cash and stock.

Old Point Financial Corporation and TowneBank have announced a merger agreement, pending shareholder and regulatory approvals, expected to close in the second half of 2025.

TowneBank and Old Point Financial Corporation have announced a merger agreement, unanimously approved by both companies' Boards of Directors, with the aim of enhancing services and expanding lending capabilities.

PL Capital Advisors and its managing members have divested their entire stake in Old Point Financial Corp following its acquisition by TowneBank for $41.00 per share in cash.

PL Capital Advisors, a major shareholder in Old Point Financial Corp., has entered into a support agreement to vote its 14.1% stake in favor of TowneBank's acquisition of Old Point for $41.00 per share in cash or stock.

Fourthstone LLC and its affiliates have filed an amended Schedule 13G, indicating they no longer beneficially own any shares of Old Point Financial Corp.

Old Point Trust & Financial Services, N.A. has filed a Schedule 13G, reporting a beneficial ownership of 3.24% of Old Point Financial Corp's common stock as of December 31, 2024.

Fourthstone LLC and its affiliated investment entities have reported a combined beneficial ownership of 6.79% in Old Point Financial Corporation, held for ordinary course investment purposes.

FJ Capital Management LLC and Martin Friedman have reported a complete divestiture of their beneficial ownership in Old Point Financial (OPOF), reducing their stake to 0%.