TowneBank
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- William I. Foster
- Full Time Employees
- 2,932
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 5716 High Street Portsmouth VA United States of America 23703
- IPO Date
- May 5, 1999
- Website
- townebank.com
- Similar Companies
- Business
- TowneBank delivers comprehensive financial services to individuals, businesses, and professionals, built upon a foundation of strong relationships and community engagement. The institution primarily operates through distinct divisions encompassing banking, realty, and insurance offerings. Within its banking operations, the company accepts a variety of deposit products, including checking, savings, money market accounts, and certificates of deposit. It also extends a full spectrum of credit solutions, such as secured and unsecured personal loans for needs like vehicle financing, home improvements, and education, alongside robust commercial lending for working capital, expansion, equipment procurement, real estate, and acquisitions. Beyond these core services, TowneBank offers treasury and cash management, credit cards, merchant services, and advanced digital banking platforms, including online and mobile access, in addition to specialized private banking. The institution further provides mortgage loans through its mortgage division and resort property management services. Its insurance arm furnishes a wide array of coverages, including life, property, casualty, and vehicle insurance, alongside a suite of employee benefits packages spanning health, dental, vision, and disability coverage. Additionally, TowneBank facilitates investment and asset management, retirement planning, estate planning, and tax deferral solutions. Established in 1998, TowneBank is headquartered in Suffolk, Virginia, with its financial services divisions based in Norfolk, Virginia. The company maintains a significant presence with nearly 60 banking offices throughout the Greater Hampton Roads area and Central Virginia, as well as across Northeastern and Central North Carolina, including major markets like Raleigh, Charlotte, Greensboro, and Greenville. Recent strategic growth includes the September 2025 merger with Old Point Financial Corporation, bolstering its Hampton Roads footprint, and an agreement to acquire Dogwood State Bank, projected to close in 2026, which will expand its service area into additional parts of North Carolina, South Carolina, and Tennessee, increasing its total assets to an anticipated $22 billion.
Company News
TowneBank Announces Quarterly Cash Dividend
TowneBank Reports Second Quarter 2026 Earnings
TowneBank Reports Second Quarter 2026 Earnings
Analysts Estimate TowneBank (TOWN) to Report a Decline in Earnings: What to Look Out for
TRUGOLF LINKS CHICAGOLAND REGIONAL DEVELOPER SIGNS LEASE FOR ROMEO TOWN CENTER
William A. Gwaltney, Jr. and John O. Wynne, Jr. Join the TowneBank Corporate Board of Directors
NEUGEBAUER PROPOSES HISTORIC TOWN HALL WEBINAR WITH FERMI CO-FOUNDERS GOVERNOR RICK PERRY AND SON GRIFFIN PERRY ON JUNE 30--SO SHAREHOLDERS CAN HEAR FIRST-HAND EACH PARTY'S VIEWS ON THE PAST, PRESENT, AND FUTURE OF THE COMPANY
TowneBank Announces Quarterly Cash Dividend
Patriot Financial Partners Makes Major TowneBank Investment
Q1 Justifies Wait-And-See Approach For TowneBank
TowneBank (TOWN) Meets Q1 Earnings Estimates
TowneBank Reports First Quarter 2026 Earnings
Deprince Race & Zollo Inc. Acquires 34,133 Shares of Towne Bank $TOWN
TowneBank Announces Sale of Resort Property Management Segment
Citigroup Inc. Has $2.56 Million Stock Holdings in Towne Bank $TOWN
Thomasville Bancshares (OTCMKTS:THVB) & Towne Bank (NASDAQ:TOWN) Critical Comparison
TowneBank Announces Quarterly Cash Dividend
Richard Cullen Joins the TowneBank Corporate Board of Directors
TowneBank (TOWN) Misses Q4 Earnings and Revenue Estimates
TowneBank Reports Full Year and Fourth Quarter Financial Results for 2025