The merger of two Hampton Roads-based banking companies, TowneBank and Monarch Financial Holdings Inc., is scheduled to close Friday.
The companies announced Tuesday that the merger received approval from shareholders in separate meetings.
The acquisition of Monarch by TowneBank already has received all regulatory approvals.
Monarch stockholders will receive 0.883 shares of TowneBank common stock for each share of Monarch common stock. When the deal was announced in December, it was valued at $220 million.
