Mmastodon BusinessBanking first seen 1 d ago, last 18 h ago, peak #2

Virginia's TowneBank to acquire North Carolina's BlueHarbor Bank

Original: Virginia's TowneBank makes deal for a 4th NC bank The hefty premium TowneBank is paying for North Carolina-based BlueHar

Virginia-based TowneBank has agreed to acquire BlueHarbor Bank, a North Carolina-based lender, marking its fourth bank acquisition in the state. Industry observers note the hefty premium TowneBank is paying reflects the quality of BlueHarbor's franchise and the scarcity value of well-run community banks in the region, as consolidation among Southern community banks continues.

Why now: Community bank consolidation in the Southeast is drawing attention, with analysts weighing the steep premium paid for a scarce quality target.

TowneBankBlueHarbor BankVirginiaNorth Carolina

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Rank over time, top of the chart is #1. 9 snapshots from 23 h ago to 18 h ago.

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• Virginia's TowneBank makes deal for a 4th NC bank The hefty premium TowneBank is paying for North Carolina-based BlueHarbor Bank reflects the quality of the franchise it's acquiring, along with its scarcity value. https://www. americanbanker.com/news/virgin… · AlexJimenez@mas.to · 1

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