TowneBank (TOWN)
NASDAQ: TOWN · Real-Time Price · USD
34.95
+0.46 (1.33%)
At close: Aug 4, 2025, 4:00 PM
34.99
+0.04 (0.11%)
After-hours: Aug 4, 2025, 4:47 PM EDT

Company Description

TowneBank provides retail and commercial banking services for individuals, commercial enterprises, and professionals in Virginia and North Carolina.

The company operates through three segments: Banking, Realty, and Insurance. It accepts various deposits, including demand deposits, savings accounts, money rate savings, certificates of deposit, and individual retirement accounts.

The company also offers secured and unsecured personal loans for financing automobiles, home improvements, education, and personal investments; commercial loans for working capital, business expansion, and equipment and machinery purchases; and mortgage loans, as well as real estate acquisition, development, and construction loans.

In addition, it provides other services, such as safe deposit boxes, treasury management services, direct deposit of payroll and social security checks, and automatic drafts for various accounts, as well as online, mobile, and on-call banking services.

Further, the company offers documentation services to accomplish tax deferral to investors; investment and asset management services; commercial mortgage brokerage services; and other financial services, such as financial, retirement, and estate planning services, as well as assistance on various investment options comprising alternative investments, annuities, margin accounts, convertible bonds, and pension and profit-sharing plans.

Additionally, it provides residential property management services, real estate brokerage services, vacation rentals, and title and settlement services; and originates residential mortgage loans.

The company also offers life, property, casualty, and vehicle insurance services; and employee benefit programs, such as health, dental, vision, and disability insurance.

TowneBank was incorporated in 1998 and is based in Portsmouth, Virginia.

TowneBank
TowneBank logo
CountryUnited States
Founded1998
IPO DateMay 7, 1999
IndustryBanks - Regional
SectorFinancials
Employees2,720
CEOWilliam Foster

Contact Details

Address:
5716 High Street
Portsmouth, Virginia 23703
United States
Phone757 638 7500
Websitetownebank.com

Stock Details

Ticker SymbolTOWN
ExchangeNASDAQ
Stock TypeCommon Stock
Fiscal YearJanuary - December
Reporting CurrencyUSD
CUSIP Number89214P109
ISIN NumberUS89214P1093
Employer ID54-1910608

Key Executives

NamePosition
William I. Foster IIIChief Executive Officer, President and Director
G. Robert Aston Jr.Executive Chairman
William B. Littreal CPASenior Executive Vice President and Chief Financial Officer
Brian K. SkinnerPresident and Regional Banking Director for Virginia and Northeastern North Carolina
R. Lee ClarkSenior Executive Vice President and Chief Operating Officer
Kevin L. FlySenior Executive Vice President and Chief Accounting Officer
Denys J. DiazSenior Executive Vice President and Chief Information Officer
George P. Whitley J.D.Senior Executive Vice President and Chief Legal Officer
James P. BradnerExecutive Vice President of Towneinsurance
C. Ross MorganPresident of Portsmouth and Real Estate Finance Group