Dogwood State Bank Shareholders Approve Merger into TowneBank

Core Viewpoint - Dogwood State Bank's shareholders have approved the merger with TowneBank, which is expected to close in early Q1 2026, pending regulatory approvals [1][2]. Company Overview - Dogwood State Bank is a community bank based in Raleigh, North Carolina, with total assets of approximately $2.4 billion [2]. - The bank offers a variety of banking products and services, including online offerings and branch offices in North Carolina, South Carolina, and Eastern Tennessee [2]. - Dogwood specializes in lending services for small businesses through its dedicated Small Business Lending division [2]. Merger Details - The merger approval represents a significant milestone for Dogwood State Bank, as stated by CEO Steve Jones [2]. - The completion of the merger is contingent upon meeting customary closing conditions, including obtaining necessary regulatory approvals [1].