What:TowneBank (Nasdaq:TOWN), one of the top
community banks in Virginia and North Carolina, will visit the
Nasdaq MarketSite in Times Square in celebration of their ten-year
listing anniversary.
In honor of the occasion, G. Robert Aston Jr., Chairman
and CEO will ring the Opening Bell.
Where:Nasdaq MarketSite – 4 Times Square – 43rd
& Broadway – Broadcast Studio
When:Tuesday, October 10, 2017 – 9:15 a.m. to
9:30 a.m. ET
TowneBank Media Contact:William B.
Littreal(757) 638-6813William.littreal@townebank.net
Nasdaq MarketSite:Emily Pan(646)
441-5120emily.pan@nasdaq.com
Feed Information:Fiber Line (Encompass
Waterfront): 4463
Gal 3C/06C 95.05 degrees West 18 mhz Lower DL 3811 Vertical FEC
3/4 SR 13.235 DR 18.295411 MOD 4:2:0 DVBS QPSK
Social Media:For multimedia features such as
exclusive content, photo postings, status updates and video of bell
ceremonies, please visit our Facebook
page:http://www.facebook.com/NASDAQ.
For photos from ceremonies and events, please visit our
Instagram page:http://instagram.com/nasdaq
For livestream of ceremonies and events, please visit our
YouTube page:http://www.youtube.com/nasdaq/live
For news tweets, please visit our Twitter
page:http://twitter.com/nasdaq
For exciting viral content and ceremony photos, please visit our
Tumblr page:http://nasdaq.tumblr.com/
Webcast: A live stream of the Nasdaq Opening
Bell will be available at: https://new.livestream.com/nasdaq/live
or http://www.nasdaq.com/about/marketsitetowervideo.asx
Photos: To obtain a hi-resolution photograph of
the Market Open, please go to
http://business.nasdaq.com/discover/market-bell-ceremonies and
click on the market open of your
choice.
About TowneBankAs one of the top community
banks in Virginia and North Carolina, TowneBank operates 37 banking
offices serving Chesapeake, Chesterfield County, Glen Allen,
Hampton, James City County, Mechanicsville, Newport News, Norfolk,
Portsmouth, Richmond, Suffolk, Virginia Beach, Williamsburg, and
York County in Virginia, along with Moyock, Grandy, Camden County,
Southern Shores, Corolla and Nags Head in North Carolina.
Towne also offers a full range of financial services through its
controlled divisions and subsidiaries that include Towne Wealth
Management, Towne Insurance Agency, Towne Benefits, TowneBank
Mortgage, TowneBank Commercial Mortgage, Berkshire Hathaway
HomeServices Towne Realty, Towne 1031 Exchange, LLC, and Towne
Vacations. Local decision-making is a hallmark of its
hometown banking strategy that is delivered through the leadership
of each group’s President and Board of Directors. With total
assets of $8.43 billion as of June 30, 2017, TowneBank is one
of the largest banks headquartered in Virginia.
On April 27, 2017, TowneBank announced the signing of a
definitive agreement to acquire Paragon Commercial Corporation
(“Paragon”) and its wholly-owned bank subsidiary, Paragon
Commercial Bank. Founded in Raleigh, North Carolina in 1999,
Paragon Commercial Bank provides banking services through highly
responsive professionals, an extensive courier service, online and
mobile technologies, free worldwide ATM access and a select number
of strategically placed offices in Raleigh, Cary and Charlotte,
North Carolina. Pending customary regulatory and shareholder
approvals, the merger is scheduled to close in January 2018.
Additional Information About the Merger and Where to
Find It: This communication does not constitute an offer
to sell or the solicitation of an offer to buy any securities or a
solicitation of any vote or approval. In connection with the
merger, Paragon will file with the Securities and Exchange
Commission (“SEC”) a preliminary proxy statement. Paragon will
deliver a definitive proxy statement/prospectus to its stockholders
seeking approval of the merger and related matters. In
addition, each of TowneBank and Paragon may file other relevant
documents concerning the proposed merger with the FDIC and SEC.
Paragon, TowneBank and their respective directors and executive
officers may be deemed to be participants in the solicitation of
proxies from Paragon’s stockholders in connection with the proposed
merger. Information about the directors and executive
officers of Paragon and TowneBank and other persons who may be
deemed participants in the solicitation, including their interests
in the merger, will be included in the definitive proxy
statement/prospectus when it becomes available. Additional
information about Paragon’s executive officers and directors can be
found in Paragon’s final prospectus filed with the SEC on June 17,
2016. Additional information regarding TowneBank’s executive
officers and directors can be found in TowneBank’s definitive proxy
statement in connection with its 2017 Annual Meeting of
Stockholders filed with the FDIC on April 21, 2017. You may
obtain free copies of each document from Paragon by directing a
request by telephone or mail to Paragon Commercial Corporation,
3535 Glenwood Avenue, Raleigh, North Carolina 27612, Attention:
Investor Relations (telephone: (919) 788-7770), or by
accessing Paragon’s website at
https://www.paragonbank.com under “About Us-Investor
Relations.” You may obtain free copies of each document from
TowneBank by directing a request by telephone or mail to TowneBank,
6001 Harbour View Boulevard, Suffolk, Virginia 23425, Attention:
Investor Relations (telephone: (757) 638-6794), or by accessing
TowneBank’s website at https://townebank.com under “Investor
Relations.” The information on TowneBank’s and Paragon’s
websites is not, and shall not be deemed to be, a part of this
release or incorporated into other filings either company makes
with the FDIC or SEC.
About NasdaqNasdaq (Nasdaq:NDAQ) is a leading
global provider of trading, clearing, exchange technology, listing,
information and public company services. Through its diverse
portfolio of solutions, Nasdaq enables customers to plan, optimize
and execute their business vision with confidence, using proven
technologies that provide transparency and insight for navigating
today's global capital markets. As the creator of the world's first
electronic stock market, its technology powers more than 90
marketplaces in 50 countries, and 1 in 10 of the world's securities
transactions. Nasdaq is home to approximately 3,900 total listings
with a market value of approximately $12 trillion. To learn more,
visit: http://business.nasdaq.com.
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