Old Point shareholders approve merger with TowneBank; closing expected H2 2025

OLD POINT FINANCIAL CORP

Shareholders voted 3,897,638 for, 86,064 against, 36,924 abstain to approve merger agreement.
Also approved articles amendment, executive compensation (advisory), and adjournment proposals.
Merger of Old Point and its bank into TowneBank remains subject to regulatory approvals and customary conditions.
Expected closing in second half of 2025 (H2 2025).
CEO Robert Shuford says shareholder vote is important milestone and recognizes compelling value.

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