Core Viewpoint - TowneBank is set to acquire Dogwood State Bank, enhancing its market presence in North Carolina and South Carolina, particularly along the Interstate 85 corridor and the Eastern North Carolina coast [1][2]. Group 1: Merger Details - The merger agreement stipulates that Dogwood's common shareholders will receive 0.700 shares of TowneBank common stock for each share of Dogwood, valuing the deal at approximately $476.2 million based on TowneBank's stock price [3]. - The combined entity will have total assets of approximately $22 billion, loans of about $16 billion, and deposits around $19 billion upon completion of the transactions [2]. Group 2: Leadership and Management - Steve Jones, CEO of Dogwood, will take on a key leadership role as President of North Carolina and South Carolina banking operations within TowneBank [4]. - Robin Perkins, a current director at Dogwood, will join TowneBank's Corporate Board of Directors following the merger [6]. Group 3: Strategic Implications - The acquisition is expected to be approximately 8.0% accretive to TowneBank's earnings per share for 2027, with fully phased-in cost savings anticipated [2]. - The merger will expand TowneBank's footprint in key markets, including Raleigh, Greensboro-Winston Salem, Greenville, Charlotte, and along the Eastern North Carolina coast [1]. Group 4: Company Backgrounds - TowneBank, founded in 1999, operates over 55 banking offices and has total assets of $18.26 billion as of June 30, 2025 [8][10]. - Dogwood State Bank, headquartered in Raleigh, North Carolina, has approximately $2.4 billion in total assets and focuses on small business lending [11].