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Old Point Financial ( (OPOF) ) has issued an announcement.
On August 14, 2025, TowneBank and Old Point Financial Corporation announced they received regulatory approval to proceed with their merger, expected to close around September 1, 2025. The merger, initially agreed upon on April 2, 2025, has cleared all necessary regulatory hurdles, and the companies have set an election deadline for Old Point stockholders to choose their preferred form of consideration by August 26, 2025. This merger is poised to enhance TowneBank’s market presence and service offerings, potentially impacting stakeholders by expanding the bank’s reach and capabilities in the financial services industry.
Spark’s Take on OPOF Stock
According to Spark, TipRanks’ AI Analyst, OPOF is a Outperform.
Old Point Financial’s strong technical indicators and positive corporate events, such as the merger with TowneBank, are significant strengths. However, the high valuation and legal challenges related to the merger slightly offset these positives. The company’s financial performance is solid, but there is room for improvement in cash flow consistency and shareholder returns.
To see Spark’s full report on OPOF stock, click here.
More about Old Point Financial
Old Point Financial Corporation, headquartered in Hampton, Virginia, is the holding company of The Old Point National Bank of Phoebus and Old Point Trust & Financial Services. It serves individual and commercial customers through 13 branch offices in the Hampton Roads region, offering a full range of retail and commercial financial services, including mortgage loans and insurance products. TowneBank, founded in 1999, is a major financial institution in Virginia, offering a wide range of banking and financial services through over 55 offices across Virginia and North Carolina. It provides business and personal banking solutions, wealth management, insurance, and mortgage services.
Average Trading Volume: 28,232
Technical Sentiment Signal: Buy
Current Market Cap: $213.8M
For an in-depth examination of OPOF stock, go to TipRanks’ Overview page.