[8-K] Old Point Financial Corp Reports Material Event
Old Point Financial Corporation disclosed items relating to a completed transaction and corporate changes. The filing references an Agreement and Plan of Merger dated April 2, 2025, among TowneBank, Old Point Financial Corporation and The Old Point National Bank of Phoebus, and states the merger consideration options of $41.00 per share in cash or 1.14 shares of TowneBank common stock. The report lists related Form 8-K items including completion of an acquisition or disposition of assets, notice of delisting or failure to satisfy continued listing standards, material modification to rights of security holders, changes in control, departures or elections of certain officers or directors, amendments to charter/bylaws or change in fiscal year, and financial statements and exhibits. Exhibit 2.1 (the merger agreement) is incorporated by reference. The signature block shows TowneBank as successor to Old Point and names William B. Littreal as Senior Executive Vice President and Chief Financial Officer.
Old Point Financial Corporation ha reso noti elementi relativi a una transazione completata e a cambiamenti societari. La comunicazione fa riferimento a un Agreement and Plan of Merger datato 2 aprile 2025, tra TowneBank, Old Point Financial Corporation e The Old Point National Bank of Phoebus, e indica le opzioni di corrispettivo per la fusione: $41.00 per azione in contanti oppure 1,14 azioni ordinarie di TowneBank. Il rapporto elenca le voci correlate del Modulo 8-K, tra cui il completamento di un’acquisizione o la cessione di attività, l’avviso di esclusione dalla quotazione o il mancato rispetto dei requisiti di quotazione continua, modifiche rilevanti ai diritti degli azionisti, cambiamenti nel controllo, dimissioni o nomine di determinati dirigenti o amministratori, emendamenti allo statuto/regolamento o cambiamento dell’esercizio finanziario, nonché rendiconti finanziari ed esibizioni. L’Exhibit 2.1 (l’accordo di fusione) è incorporato per riferimento. Il blocco firma indica TowneBank come successore di Old Point e nomina William B. Littreal come Senior Executive Vice President e Chief Financial Officer.
Old Point Financial Corporation divulgó elementos relacionados con una transacción completada y cambios corporativos. La presentación hace referencia a un Agreement and Plan of Merger con fecha 2 de abril de 2025, entre TowneBank, Old Point Financial Corporation y The Old Point National Bank of Phoebus, y establece las opciones de contraprestación por la fusión: $41.00 por acción en efectivo o 1,14 acciones ordinarias de TowneBank. El informe enumera los elementos relacionados del Formulario 8-K, incluyendo la finalización de una adquisición o disposición de activos, aviso de exclusión de cotización o incumplimiento de los estándares de cotización continua, modificación material de los derechos de los tenedores de valores, cambios en el control, salidas o nombramientos de ciertos oficiales o directores, enmiendas al estatuto/ reglamentos o cambio del año fiscal, así como estados financieros y anexos. El Exhibit 2.1 (el acuerdo de fusión) se incorpora por referencia. El bloque de firma muestra a TowneBank como sucesor de Old Point y nombra a William B. Littreal como Senior Executive Vice President y Chief Financial Officer.
Old Point Financial Corporation는 완료된 거래 및 회사 변경 사항과 관련된 항목을 공개했습니다. 해당 제출서류는 2025년 4월 2일자 TowneBank, Old Point Financial Corporation 및 The Old Point National Bank of Phoebus 간의 Agreement and Plan of Merger를 언급하며, 합병 대가 선택으로 주당 $41.00 현금 또는 TowneBank 보통주 1.14주를 명시하고 있습니다. 보고서는 자산의 인수 또는 처분 완료, 상장폐지 통지 또는 계속 상장 기준 미충족, 증권권리의 중대한 변경, 지배권 변경, 특정 임원 또는 이사의 사임·선임, 정관/내규의 개정 또는 회계연도 변경, 재무제표 및 증빙서류 등 관련 Form 8-K 항목들을 나열하고 있습니다. Exhibit 2.1(합병계약서)는 참고로 포함되어 있습니다. 서명 블록에는 Old Point의 승계인으로 TowneBank가 표시되어 있으며 William B. Littreal을 Senior Executive Vice President 겸 Chief Financial Officer로 명시하고 있습니다.
Old Point Financial Corporation a divulgué des éléments relatifs à une transaction achevée et à des changements au sein de la société. Le dossier fait référence à un Agreement and Plan of Merger daté du 2 avril 2025 entre TowneBank, Old Point Financial Corporation et The Old Point National Bank of Phoebus, et indique les options de contrepartie pour la fusion : 41,00 $ par action en espèces ou 1,14 action ordinaire de TowneBank. Le rapport énumère les éléments connexes du formulaire 8‑K, notamment l’achèvement d’une acquisition ou la cession d’actifs, l’avis de radiation ou le non-respect des normes de maintien de la cotation, une modification substantielle des droits des porteurs de titres, les changements de contrôle, les départs ou nominations de certains dirigeants ou administrateurs, des amendements aux statuts/règlements ou un changement d’exercice, ainsi que les états financiers et annexes. L’Exhibit 2.1 (le contrat de fusion) est incorporé par renvoi. Le bloc de signature indique TowneBank comme successeur d’Old Point et nomme William B. Littreal Senior Executive Vice President et Chief Financial Officer.
Old Point Financial Corporation hat Angaben zu einer abgeschlossenen Transaktion und zu gesellschaftlichen Änderungen gemacht. Die Einreichung verweist auf ein Agreement and Plan of Merger vom 2. April 2025 zwischen TowneBank, Old Point Financial Corporation und The Old Point National Bank of Phoebus und nennt als Fusionsgegenleistung die Optionen $41,00 je Aktie in bar oder 1,14 Stammaktien von TowneBank. Der Bericht listet zugehörige Form 8‑K‑Punkte auf, darunter den Abschluss eines Erwerbs oder einer Veräußerung von Vermögenswerten, eine Mitteilung über die Delistung oder das Nichterfüllen fortlaufender Notierungsanforderungen, wesentliche Änderungen der Rechte von Wertpapierinhabern, Kontrollwechsel, Abgänge oder Ernennungen bestimmter Führungskräfte oder Direktoren, Änderungen der Satzung/Bylaws oder des Geschäftsjahres sowie Abschlüsse und Anlagen. Exhibit 2.1 (der Fusionsvertrag) wird per Verweis einbezogen. Die Unterschriftszeile führt TowneBank als Nachfolger von Old Point auf und nennt William B. Littreal als Senior Executive Vice President und Chief Financial Officer.
- Clear merger consideration disclosed: $41.00 cash or 1.14 TowneBank shares per Old Point share
- Merger agreement incorporated by reference: Exhibit 2.1 dated April 2, 2025
- Potential listing implications signaled: Item 3.01 notice of delisting or failure to satisfy continued listing standards is included
- Multiple governance changes reported: Items covering changes in control and modifications to shareholder rights indicate substantial corporate restructuring
Insights
TL;DR: The filing documents a merger with clear consideration alternatives: $41.00 cash per share or 1.14 TowneBank shares.
The filing explicitly ties Old Point to a merger agreement dated April 2, 2025, with TowneBank as counterparty and identifies the merger consideration options: $41.00 per share cash or 1.14 shares of TowneBank common stock. The disclosure covers multiple Form 8-K items commonly associated with a transaction of material consequence, including transfer of listing, changes in control, and modifications to shareholder rights. Exhibit 2.1 is incorporated by reference, indicating the detailed agreement is filed elsewhere. The successor designation and CFO signature indicate corporate transition steps have been completed from a filing perspective.
TL;DR: Multiple governance-related 8-K items are reported, signaling structural and listing changes tied to the merger.
The registrant reported items addressing delisting/continued listing standards, material changes to security holder rights, changes in control, and director/officer appointments or departures, all of which are governance-sensitive disclosures. These items are consistent with a completed merger and the incorporation of the merger agreement as Exhibit 2.1. The filing names a corporate officer on behalf of TowneBank as successor, which is a formal step in documenting the post-transaction governance status.
Old Point Financial Corporation ha reso noti elementi relativi a una transazione completata e a cambiamenti societari. La comunicazione fa riferimento a un Agreement and Plan of Merger datato 2 aprile 2025, tra TowneBank, Old Point Financial Corporation e The Old Point National Bank of Phoebus, e indica le opzioni di corrispettivo per la fusione: $41.00 per azione in contanti oppure 1,14 azioni ordinarie di TowneBank. Il rapporto elenca le voci correlate del Modulo 8-K, tra cui il completamento di un’acquisizione o la cessione di attività, l’avviso di esclusione dalla quotazione o il mancato rispetto dei requisiti di quotazione continua, modifiche rilevanti ai diritti degli azionisti, cambiamenti nel controllo, dimissioni o nomine di determinati dirigenti o amministratori, emendamenti allo statuto/regolamento o cambiamento dell’esercizio finanziario, nonché rendiconti finanziari ed esibizioni. L’Exhibit 2.1 (l’accordo di fusione) è incorporato per riferimento. Il blocco firma indica TowneBank come successore di Old Point e nomina William B. Littreal come Senior Executive Vice President e Chief Financial Officer.
Old Point Financial Corporation divulgó elementos relacionados con una transacción completada y cambios corporativos. La presentación hace referencia a un Agreement and Plan of Merger con fecha 2 de abril de 2025, entre TowneBank, Old Point Financial Corporation y The Old Point National Bank of Phoebus, y establece las opciones de contraprestación por la fusión: $41.00 por acción en efectivo o 1,14 acciones ordinarias de TowneBank. El informe enumera los elementos relacionados del Formulario 8-K, incluyendo la finalización de una adquisición o disposición de activos, aviso de exclusión de cotización o incumplimiento de los estándares de cotización continua, modificación material de los derechos de los tenedores de valores, cambios en el control, salidas o nombramientos de ciertos oficiales o directores, enmiendas al estatuto/ reglamentos o cambio del año fiscal, así como estados financieros y anexos. El Exhibit 2.1 (el acuerdo de fusión) se incorpora por referencia. El bloque de firma muestra a TowneBank como sucesor de Old Point y nombra a William B. Littreal como Senior Executive Vice President y Chief Financial Officer.
Old Point Financial Corporation는 완료된 거래 및 회사 변경 사항과 관련된 항목을 공개했습니다. 해당 제출서류는 2025년 4월 2일자 TowneBank, Old Point Financial Corporation 및 The Old Point National Bank of Phoebus 간의 Agreement and Plan of Merger를 언급하며, 합병 대가 선택으로 주당 $41.00 현금 또는 TowneBank 보통주 1.14주를 명시하고 있습니다. 보고서는 자산의 인수 또는 처분 완료, 상장폐지 통지 또는 계속 상장 기준 미충족, 증권권리의 중대한 변경, 지배권 변경, 특정 임원 또는 이사의 사임·선임, 정관/내규의 개정 또는 회계연도 변경, 재무제표 및 증빙서류 등 관련 Form 8-K 항목들을 나열하고 있습니다. Exhibit 2.1(합병계약서)는 참고로 포함되어 있습니다. 서명 블록에는 Old Point의 승계인으로 TowneBank가 표시되어 있으며 William B. Littreal을 Senior Executive Vice President 겸 Chief Financial Officer로 명시하고 있습니다.
Old Point Financial Corporation a divulgué des éléments relatifs à une transaction achevée et à des changements au sein de la société. Le dossier fait référence à un Agreement and Plan of Merger daté du 2 avril 2025 entre TowneBank, Old Point Financial Corporation et The Old Point National Bank of Phoebus, et indique les options de contrepartie pour la fusion : 41,00 $ par action en espèces ou 1,14 action ordinaire de TowneBank. Le rapport énumère les éléments connexes du formulaire 8‑K, notamment l’achèvement d’une acquisition ou la cession d’actifs, l’avis de radiation ou le non-respect des normes de maintien de la cotation, une modification substantielle des droits des porteurs de titres, les changements de contrôle, les départs ou nominations de certains dirigeants ou administrateurs, des amendements aux statuts/règlements ou un changement d’exercice, ainsi que les états financiers et annexes. L’Exhibit 2.1 (le contrat de fusion) est incorporé par renvoi. Le bloc de signature indique TowneBank comme successeur d’Old Point et nomme William B. Littreal Senior Executive Vice President et Chief Financial Officer.
Old Point Financial Corporation hat Angaben zu einer abgeschlossenen Transaktion und zu gesellschaftlichen Änderungen gemacht. Die Einreichung verweist auf ein Agreement and Plan of Merger vom 2. April 2025 zwischen TowneBank, Old Point Financial Corporation und The Old Point National Bank of Phoebus und nennt als Fusionsgegenleistung die Optionen $41,00 je Aktie in bar oder 1,14 Stammaktien von TowneBank. Der Bericht listet zugehörige Form 8‑K‑Punkte auf, darunter den Abschluss eines Erwerbs oder einer Veräußerung von Vermögenswerten, eine Mitteilung über die Delistung oder das Nichterfüllen fortlaufender Notierungsanforderungen, wesentliche Änderungen der Rechte von Wertpapierinhabern, Kontrollwechsel, Abgänge oder Ernennungen bestimmter Führungskräfte oder Direktoren, Änderungen der Satzung/Bylaws oder des Geschäftsjahres sowie Abschlüsse und Anlagen. Exhibit 2.1 (der Fusionsvertrag) wird per Verweis einbezogen. Die Unterschriftszeile führt TowneBank als Nachfolger von Old Point auf und nennt William B. Littreal als Senior Executive Vice President und Chief Financial Officer.