TowneBank to Acquire Dogwood State Bank in an All-Stock Merger

TowneBank to Acquire Old Point Financial Corporation in $203 Million Merger

April 7, 2025

Financial Services

TowneBank and Old Point Financial Corporation announced an agreement and plan of merger in which TowneBank will acquire Old Point and Old Point National Bank. The all-cash or stock consideration values the deal at approximately $203 million based on Old Point’s outstanding common stock, and the transaction is expected to close in late 2025 subject to customary conditions.

United Bankshares to Acquire Piedmont Bancorp

May 10, 2024

Financial Services

United Bankshares entered into a definitive merger agreement to acquire Piedmont Bancorp, the parent company of The Piedmont Bank, in an all-stock transaction valued at approximately $267 million. The deal received all required regulatory approvals, with the merger expected to close in early 2025 and Piedmont to merge into United.

PruittHealth Acquires Dogwood Forest of Dunwoody

March 31, 2023

Healthcare Services

PruittHealth, a family-owned provider of post-acute care across the Southeast, acquired Dogwood Forest of Dunwoody effective March 31, 2023. The facility has been renamed PruittPlace – Sandy Springs and will continue offering assisted living and dedicated memory-care services under PruittHealth ownership.

BankFirst Capital Corporation Acquires The Magnolia State Corporation and Magnolia State Bank

July 1, 2025

Financial Services

BankFirst Capital Corporation signed and later completed its acquisition of The Magnolia State Corporation and its wholly owned subsidiary, Magnolia State Bank. The deal expands BankFirst’s presence across Mississippi and Alabama, bringing the combined company to 52 offices and approximately $3.2 billion in total assets.

National Bankshares to Acquire Frontier Community Bank in $17.1 Million Deal

January 25, 2024

Financial Services

National Bankshares and Frontier Community Bank entered into a definitive merger agreement under which National Bankshares will buy Frontier for about $17.1 million. The deal is expected to close in the second quarter of 2024, with Frontier merging into The National Bank of Blacksburg, National Bankshares’ wholly owned subsidiary.

Colony Bankcorp to Acquire TC Bancshares (TC Federal Bank)

July 23, 2025

Financial Services

Colony Bankcorp, Inc. agreed to acquire 100% of the common stock of TC Bancshares, Inc. in a combined stock-and-cash transaction valued at approximately $86.1 million. The merger is intended to create a stronger community banking franchise focused on enhanced customer service and expanded capabilities and is expected to close on or about December 1, 2025 after approvals.