TowneBank Announces Plans to Acquire BlueHarbor Bank
TOWN Townebank Portsmouth VA
$35.27 +0.83%
View chart & analysis → - 1TowneBank announced plans to acquire BlueHarbor Bank for approximately $154 million in stock and cash.
- 2BlueHarbor, which has $628 million in assets, recorded a net income of $6.9 million in the first half of 2026.
- 3The market is growing based on nearly 280,000 additional residents among Charlotte area residents between 2020 and 2025.
So what's the key point?
TowneBank has decided to buy BlueHarbor Bank. It is acquiring the company for $154 million.
Source American Banker +1 · View original ↗
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