Old Point Financial Corporation and its primary banking subsidiary, The Old Point National Bank of Phoebus, completed a high-profile merger transaction with TowneBank. Under the terms of the strategic agreement, Old Point merged directly into TowneBank, significantly expanding TowneBank's footprint and deposit franchise across the Hampton Roads metropolitan statistical area. Following the legal completion of the merger, former Old Point National Bank branches initially operated as a division of TowneBank before undergoing a full technical systems conversion and operational integration into the parent bank's network, while Old Point Wealth Management continued to deliver specialized financial trust services.