Old Point Announces Shareholder Approval for Merger

HAMPTON, Va., July 2, 2025 /PRNewswire/ -- Old Point Financial Corporation (the "Company" or "Old Point") (NASDAQ: OPOF), holding company of The Old Point National Bank of Phoebus ("Old Point National Bank"), announced today that its shareholders approved the merger of the Company and Old Point National Bank with and into TowneBank. Completion of the transaction remains subject to customary closing conditions, including the receipt of required regulatory approvals, and is expected to be completed in the second half of 2025.

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