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Wednesday, August 27, 2025

Equity Corporate Actions Alert #2025 - 468
Information Regarding the Merger of Old Point Financial Corporation (OPOF)

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  • Industry Announcement

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At a special meeting held on July 2, 2025, the shareholders of Old Point Financial Corporation (OPOF) approved the proposed merger with and into TowneBank (TOWN). The merger is tentatively scheduled to close at 12:02 am on September 1, 2025. In anticipation of the closing, the stock will be halted immediately following the after-hours session at or around 7:50 p.m. on August 29, 2025. If the merger closes as anticipated, the stock will remain halted on the day after closing (September 2nd) and will be suspended effective September 3, 2025. The details are as follows:

Company Name/Issue: Old Point Financial Corporation Common Stock
CUSIP#: 680194107
Symbol: OPOF
Anticipated Last Trading Date: August 29, 2025
Anticipated Marketplace Effective Date for Suspension: September 3, 2025
Merger Consideration: $41.00 each share held.

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