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Dogwood State Bank

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Mar 3, 2026

TowneBank appoints new CIO

TowneBank announced Monday that it has appointed Varun Chandhok as senior executive vice president and chief information officer.

Bank mergers and acquisitions are in the air, thanks to higher stock prices and looser federal regulations. Photo by Depositphotos
Mar 1, 2026

Virginia banks saw big mergers and acquisitions in 2025

Virginia community banks experienced significant mergers and acquisitions in 2025, including Atlantic Union Bankshares' $1.3 billion purchase of Sandy Spring Bank.

TowneBank in Chesterfield County. Photo by Kira Jenkins
Jan 12, 2026

TowneBank completes $476M acquisition of Dogwood State Bank

Suffolk-based TowneBank announced Monday that it has completed its $476 million acquisition of North Carolina-based Dogwood State Bank.

TowneBank in Chesterfield County. Photo by Kira Jenkins
Aug 19, 2025

TowneBank to acquire N.C. bank for $476M

Suffolk-based TowneBank announced Tuesday that it has signed an agreement to acquire North Carolina-based Dogwood State Bank for about $475 million.

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