TowneBank and Old Point receive all regulatory approvals; merger closing Sept 1, 2025

OLD POINT FINANCIAL CORP

All FDIC and Virginia SCC regulatory approvals received for merger of Old Point into TowneBank.
Closing expected on or about September 1, 2025; election deadline August 26, 2025.
Shareholders may elect $41.00 cash or 1.14 TowneBank shares per share; proration ensures 50-60% stock consideration.
Election materials due to Computershare by Aug 26; info agent Georgeson at (877) 354-1902.

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