OPOF OLD POINT FINANCIAL CORP Company Mergers 8-K Filing 2025 - Merger Agreement On April 2, 2025, Old Point Financial Corp and its subsidiary entered into a merger agreement with TowneBank, where shareholders can choose to receive $41.00 per share in cash or 1.14 shares of TowneBank stock, subject to proration. Additionally, change of control severance agreements were established for two executives, providing them with significant benefits if their employment is terminated after the merger.Get access to all SEC 8-K filings of the OLD POINT FINANCIAL CORP