Shareholder Alert: The Ademi Firm Investigates Whether Dogwood State Bank Is Obtaining a Fair Price for Its Public Shareholders

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MILWAUKEE--(BUSINESS WIRE)--Aug 19, 2025--

The Ademi Firm is investigating Dogwood (OTCQX: DSBX) for possible breaches of fiduciary duty and other violations of law in its going-private transaction .

Click here to learn how to join our investigation and obtain additional information or contact us at [email protected] or toll-free: 866-264-3995. There is no cost or obligation to you.

Shareholders of Dogwood will receive 0.700 shares of TowneBank common stock for each outstanding share of Dogwood stock. The deal value per share of $25.04 is based on TowneBank's 15-day average closing stock price of $35.77 as of August 18, 2025.

Dogwood insiders will receive substantial benefits as part of change of control arrangements.

The transaction agreement unreasonably limits competing transactions for Dogwood by imposing a significant penalty if Dogwood accepts a competing bid. We are investigating the conduct of the Dogwood board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

View source version on businesswire.com:https://www.businesswire.com/news/home/20250819832936/en/

CONTACT: Ademi & Fruchter LLP

Guri Ademi

Toll Free: (866) 264-3995

Fax: (414) 482-8001

KEYWORD: WISCONSIN UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: CLASS ACTION LAWSUIT PROFESSIONAL SERVICES LEGAL

SOURCE: Ademi & Fruchter LLP

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PUB: 08/19/2025 08:28 AM/DISC: 08/19/2025 08:28 AM

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