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TowneBank in the sale of its Resort Property Management segment, Towne Vacations

On April 6, 2026, TowneBank (NASDAQ: TOWN) announced it has completed a transaction to sell its Resort Property Management segment, Towne Vacations, for a transaction value of $250 million.

Wachtell, Lipton, Rosen & Katz served as legal advisor to TowneBank.

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