TowneBank to acquire Dogwood State Bank for $476m.

TowneBank, a bank, agreed to acquire Dogwood State Bank, a state-chartered community bank headquartered in Raleigh, North Carolina, for $476m. “Today marks an exciting new chapter for our company. After thoughtful consideration, we have agreed to join forces with TowneBank, whose vision and values align closely with our own. This partnership will bring new opportunities for our customers, employees, and shareholders, while building to the legacy we’ve created at Dogwood. I am incredibly proud of what our team has achieved and confident this transition will position us for continued success," Steve Jones, Dogwood CEO.