Our Partnership with Old Point National Bank

We are excited to share with shareholder and regulatory approval secured, Old Point National Bank will become a division of TowneBank on September 1, 2025. While we come under one management team, Old Point customers will continue to bank as usual at your 13 Old Point locations with the bankers you know.

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What This Means For Your Daily Banking Needs

For now, Old Point customers' account information and all the ways that you access your Old Point account – including your Old Point debit card, online and mobile banking, deposit tickets, checks, and loan payments – remain the same. 

As a convenience, beginning on September 1, 2025, you may use your Old Point debit and ATM cards at any Towne24 ATM surcharge-free.

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Additional Details

fees
All fees, terms, and conditions for your Old Point accounts and services are unaffected at this time. In December, we will provide you with additional information about what to expect when we operate under one name.
FDIC insurance
Beginning September 1, 2025, 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

  • At this time, you will continue to bank at Old Point National Bank offices when you need to conduct business in a branch location. TowneBank locations will not yet have access to your Old Point account information. 

    However, as of September 1, 2025, you can use your Old Point debit and ATM cards at any Towne24 ATM surcharge-free. 
  • Both Old Point and TowneBank provide you with the assurance of FDIC deposit insurance protection. Beginning September 1, 2025, the FDIC will view us as a single deposit institution. If you have combined deposit accounts at Old Point 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 Old Point accounts and services are unaffected at this time. In December, we will send Old Point customers a detailed guide about what to expect when Old Point begins to operate under the TowneBank name in February 2026. 

    For now, your account information and all the ways you access your Old Point 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.