Towne Bank (TOWN) 22.58 $TOWN TowneBank Reports Second

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Towne Bank (TOWN) 22.58 $TOWN

TowneBank Reports Second Quarter Earnings
GlobeNewswire - Thu Jul 28, 8:00AM CDT
Hampton Roads based TowneBank (the "Bank" (NASDAQ:TOWN) today reported financial results for the quarter and six months ended June 30, 2016. Earnings for the quarter ended June 30, 2016 were $6.26 million compared to $17.81 million for the same quarter in 2015. Fully diluted earnings per share were $0.12 compared to $0.35 for the second quarter of 2015. Earnings in the second quarter of 2016 included after-tax acquisition-related expenses of $12.26 million as compared to $0.24 million in the second quarter of 2015.
TOWN: 22.58 (-0.37)

TowneBank Announces Quarterly Cash Dividend
GlobeNewswire - Wed May 18, 10:00AM CDT
Hampton Roads based TowneBank (NASDAQ:TOWN) announced today that its Board of Directors on May 18, 2016 declared its second-quarter shareholder cash dividend of $0.13 per common share payable on July 12, 2016 to shareholders of record on June 30, 2016. The quarterly common stock cash dividend of $0.13 per common share, or $0.52 per common share on an annual basis, is an 8.3% increase from the previous dividend rate.
TOWN: 22.58 (-0.37)

Monarch Financial Holdings, Inc. and TowneBank Receive Regulatory Approvals for Merger
GlobeNewswire - Tue May 17, 7:30AM CDT
Hampton Roads based TowneBank (NASDAQ:TOWN) and Monarch Financial Holdings, Inc. (NASDAQ:MNRK), today announced that the Federal Deposit Insurance Corporation and the Virginia State Corporation Commission have approved the regulatory applications filed in connection with TowneBank's acquisition of Monarch Financial Holdings, Inc. and its wholly-owned subsidiary Monarch Bank.
TOWN: 22.58 (-0.37), MNRK: 18.49 (-1.37)

TowneBank Reports Record First Quarter Earnings
GlobeNewswire - Thu Apr 28, 7:00AM CDT
Hampton Roads based TowneBank (the "Bank" (NASDAQ:TOWN) reported record earnings of $17.82 million for the quarter ended March 31, 2016, a 22.57% increase, or $3.28 million, over the $14.54 million reported for the comparative period in 2015. Fully diluted earnings per share were $0.35 per share, an increase from $0.29 per share for the comparative period of 2015.
TOWN: 22.58 (-0.37)

Downtrend Call Working As TowneBank Stock Falls 18.5% (TOWN)
Comtex SmarTrend(R) - Thu Feb 04, 3:55PM CST
SmarTrend identified a Downtrend for TowneBank (NASDAQ:TOWN) on December 11th, 2015 at $20.86. In approximately 2 months, TowneBank has returned 18.46% as of today's recent price of $17.01.
TOWN: 22.58 (-0.37)

Towne Bank (TOWN) is Oversold: Can It Recover?
Zacks Equity Research - Zacks Investment Research - Thu Feb 04, 11:03AM CST
Towne Bank (TOWN) has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock
TOWN: 22.58 (-0.37)

TowneBank Reports Full Year and Fourth Quarter Financial Results for 2015
GlobeNewswire - Fri Jan 29, 8:00AM CST
Hampton Roads based TowneBank (the "Bank" (NASDAQ:TOWN) today reported financial results for the full year and the fourth quarter ended December 31, 2015.
TOWN: 22.58 (-0.37)

The Zacks Analyst Blog Highlights: BBCN Bancorp, Heritage Commerce, Bank of the Ozarks, Towne Bank and Univest Corporation of Pennsylvania
Zacks Equity Research - Zacks Investment Research - Thu Jan 07, 8:30AM CST
The Zacks Analyst Blog Highlights: BBCN Bancorp, Heritage Commerce, Bank of the Ozarks, Towne Bank and Univest Corporation of Pennsylvania
HTBK: 10.38 (-0.10), TOWN: 22.58 (-0.37), UVSP: 21.19 (+0.10), BBCN: 15.37 (-0.21), OZRK: 35.77 (-0.22)

Rate Hike Could Boost These 5 Rate-Sensitive Bank Stocks
Zacks Equity Research - Zacks Investment Research - Wed Jan 06, 2:26PM CST
While the overall banking industry exhibits blooming prospects for 2016, certain stocks are poised to benefit more favorably than the others. We have identified 5 such rate-sensitive stocks.
HTBK: 10.38 (-0.10), TOWN: 22.58 (-0.37), UVSP: 21.19 (+0.10), BBCN: 15.37 (-0.21), OZRK: 35.77 (-0.22)

TowneBank Announces Agreement to Acquire Monarch Financial Holdings, Inc. and Monarch Bank
GlobeNewswire - Thu Dec 17, 8:15AM CST
Hampton Roads based TowneBank (NASDAQ:TOWN) and Monarch Financial Holdings, Inc., the parent company of Monarch Bank (NASDAQ:MNRK), today announced the signing of a definitive merger agreement pursuant to which TowneBank will acquire Monarch creating a $7.3 billion hometown bank serving Hampton Roads, Richmond and Northeastern North Carolina. On a proforma basis, the combined companies will rank No. 1 in deposit market share with 20.64% of the Hampton Roads market and will be the only community bank in the top 50 largest MSAs in the United States with a No. 1 market share ranking.
TOWN: 22.58 (-0.37), MNRK: 18.49 (-1.37)

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