Dogwood State Bank (OTC - DSBX)

Dogwood State Bank (OTC – DSBX)

SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Dogwood State Bank (OTC – DSBX)

BALA CYNWYD – August 19, 2025/Globe Newswire/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Dogwood State Bank (“Dogwood” or the “Company”) (OTC – DSBX) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the acquisition of the Company by TowneBank (Nasdaq – TOWN). Under the terms of the transaction, common shareholders of Dogwood will receive a fixed exchange ratio of 0.700 shares of TowneBank common stock for each outstanding share of Dogwood common stock, implying a deal value per share of $25.04 per share based on TowneBank’s 15-day average closing stock price of $35.77 on August 18, 2025.

The investigation concerns whether the Dogwood Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal consideration provides fair value to the Company’s shareholders.

If you own shares of Dogwood stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman by email at clients@brodsky-smith.com, or call toll free 855-576-4847.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

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