TowneBank Announces Special Cash Dividend
TowneBank declared a one-time special cash dividend of $0.70 per common share, payable on May 20, 2026 to shareholders of record as of May 4. The approximately $65 million total payout represents roughly 32% of the $203 million pre-tax gain recognized on the recent sale of its Resort Property Management business.
Key figures
- Deal Value Usd
- 250000000
- Gain on sale
- $203 million
- Total assets
- $22.36 billion
- Total payout
- $65 million
- Special dividend per share
- $0.70
AI analysis
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