TowneBank has completed its combination with Raleigh-based Dogwood State Bank, enhancing its presence along the Interstate 85 corridor and strengthening its position in key North Carolina markets, including Raleigh, Charlotte, Greensboro-Winston Salem, and Greenville. The expanded footprint also covers the Eastern North Carolina coast, with new locations in Morehead City, Wilmington, Fayetteville, and Charleston, South Carolina, as well as Elizabethton, Tennessee. Dogwood locations will operate under the name "Dogwood State Bank, a Division of TowneBank" until core systems are integrated in November 2026. Steven W. Jones, formerly CEO of Dogwood, has joined TowneBank as President of the Carolinas and will serve on the Corporate Management Group, with Jones and George (Robin) Perkins also joining the TowneBank Board of Directors.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TowneBank published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9623504) on January 12, 2026, and is solely responsible for the information contained therein.