Our Partnership with Dogwood State Bank
We are excited to share that with shareholder and regulatory approval secured, Dogwood State Bank will become a division of TowneBank on January 12, 2026. While we come under one management team, Dogwood State Bank customers will continue to bank as usual at Dogwood State Bank locations with the bankers you know.
What This Means For Your Daily Banking Needs
For now, Dogwood customers' account information and all the ways that you access your Dogwood account – including your Dogwood debit card, online and mobile banking, deposit tickets, checks, and loan payments – remain the same.
Additional Details
All fees, terms, and conditions for your Dogwood accounts and services are unaffected at this time. In October, we will provide you with additional information about what to expect when we operate under one name.
Beginning January 12, 2026, the FDIC will view us as a single deposit institution. Please contact your banker if you have combined deposit accounts at both institutions exceeding $250,000.
Frequently Asked Questions
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At this time, you will continue to bank at Dogwood State Bank offices when you need to conduct business in a branch location. TowneBank locations will not yet have access to your Dogwood State Bank account information.
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Both Dogwood State Bank and TowneBank provide you with the assurance of FDIC deposit insurance protection. Beginning January 12, 2026, the FDIC will view us as a single deposit institution. If you have combined deposit accounts at Dogwood State Bank and TowneBank exceeding the standard insurance amount of $250,000, please talk to your banker for guidance.
There is a six-month grace period following mergers where insurance coverage remains separate, and in some cases, accountholders may qualify for FDIC insurance coverage well above $250,000. -
All account fees, terms, and conditions for your Dogwood State Bank accounts and services are unaffected at this time. In October, we will send Dogwood customers a detailed guide about what to expect when Dogwood State Bank begins to operate under the TowneBank name in November 2026.
For now, your account information and all the ways you access your Dogwood account - including your debit card, online and mobile banking, deposit tickets, checks, and loan payments - remain the same.
Your mobile carrier's web access and text messaging charges may apply. Availability may be affected by your mobile carrier's coverage area.
Insurance and investment products offered are Not bank deposits or obligations, Not FDIC-Insured, Not insured by any government agency, Not guaranteed by TowneBank, and may go down in value.