Mmastodon BusinessBanking first seen 17 h ago, last 53 min ago, peak #2

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 a deal to buy BlueHarbor Bank, its fourth acquisition of a North Carolina bank. Observers note the hefty premium TowneBank is paying reflects both the quality of the BlueHarbor franchise and the scarcity value of well-regarded community banks in the region. The move signals continued consolidation in North Carolina's banking market as larger regional players compete for footholds.

Why now: Regional bank consolidation continues to draw attention, and the unusually high premium paid for BlueHarbor is notable to banking observers.

TowneBankBlueHarbor BankNorth CarolinaVirginia

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Rank over time, top of the chart is #1. 26 snapshots from 17 h ago to 53 min ago.

Evidence

• 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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