TowneBank agrees to buy blueharbor bank for USD 154 million
Bitget2026/10/06 12:32TowneBank agreed to acquire blueharbor bank for about $154 million to expand in North Carolina’s greater Charlotte area and I-77 corridor. blueharbor shareholders to receive USD 12.70 cash and 1.0534 TowneBank common shares per share, implying USD 50.78 per share. Consideration mix implies roughly 75% stock, based on TowneBank’s 10-day volume-weighted average price of USD 36.15 as of Oct. 2, 2026. blueharbor reported USD 628 million assets, USD 537 million loans, USD 551 million deposits as of June 30, 2026; five offices. Closing targeted for the first quarter of 2027; Kelley Earnhardt Miller to join the corporate board, Jim Marshall to become Piedmont regional president. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TowneBank published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610060830PRIMZONEFULLFEED9840050) on October 06, 2026, and is solely responsible for the information contained therein.
- TowneBank agreed to acquire blueharbor bank for about $154 million to expand in North Carolina’s greater Charlotte area and I-77 corridor.
- blueharbor shareholders to receive USD 12.70 cash and 1.0534 TowneBank common shares per share, implying USD 50.78 per share.
- Consideration mix implies roughly 75% stock, based on TowneBank’s 10-day volume-weighted average price of USD 36.15 as of Oct. 2, 2026.
- blueharbor reported USD 628 million assets, USD 537 million loans, USD 551 million deposits as of June 30, 2026; five offices.
- Closing targeted for the first quarter of 2027; Kelley Earnhardt Miller to join the corporate board, Jim Marshall to become Piedmont regional president.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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