XNAS
TOWN
Market cap3.25bUSD
Oct 08, Last price
35.27USD
1D
0.83%
1Q
-1.48%
Jan 2017
6.08%
Name
TowneBank
Chart & performance
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Profile
TowneBank functions as a comprehensive financial institution, delivering a wide array of retail and commercial banking services to individuals, businesses, and professionals. Its operations are structured across three primary divisions: Banking, Realty, and Insurance. Clients can establish diverse deposit accounts, such as checking accounts, standard savings, high-yield savings, certificates of deposit (CDs), and individual retirement accounts. The bank facilitates various lending solutions, including secured and unsecured personal loans for purchases like vehicles, home renovations, educational expenses, and individual investments. It also extends commercial loans designed for working capital, business growth, and the acquisition of equipment. Furthermore, TowneBank provides mortgage financing, encompassing general home loans and specialized loans for real estate acquisition, development, and construction. Beyond core lending and deposit offerings, TowneBank delivers practical services like safe deposit boxes, comprehensive treasury management, direct deposit for paychecks and government benefits, and automated transfers. Modern banking conveniences are also available through its online, mobile, and on-call platforms. Moreover, it supports investors with documentation for tax deferral, offers expertise in investment and asset management, and provides commercial mortgage brokerage. The institution also delivers a suite of financial planning services, including retirement and estate planning, and guides clients through diverse investment opportunities like alternative investments, annuities, margin accounts, convertible bonds, and pension and profit-sharing programs. Its realty division handles residential real estate services, including relocation assistance, property management, vacation rentals, and title and settlement processes. It also originates residential mortgage loans. Through its insurance arm, TowneBank furnishes various types of coverage, such as life, property, casualty, and auto insurance. It additionally administers employee benefits packages, encompassing health, dental, vision, and disability insurance. TowneBank maintains a regional presence across Richmond and the greater Hampton Roads area in southeastern Virginia, extending into northeastern North Carolina, Raleigh, Charlotte, Greensboro, and Greenville, North Carolina. Founded in 1998, TowneBank's corporate headquarters are situated in Portsmouth, Virginia.
Related entities
Subsidiaries (5)
Advance Financial Group, LLC
Coastal Home Mortgage, LLC
Coastal Towne Mortgage, LLC
Homesale Mortgage, LLC
Towne Mortgage, LLC
Key people
G Robert Aston
Executive Chairman of the Board · since 2018
J. Morgan Davis
President, Chief Executive Officer, Chief Banking Officer and Director · since 2018
Thomas C. Broyles
Vice Chairman of the Board, Independent Director · since 1999
Matthew C. Davis
President, Paragon Bank, A Division of TowneBank
W. Jeffrey Dyckman
President of Towne Business Strategy · since 2009
Dawn S. Glynn
President, Retail and Private Banking · since 2019
Kevin L. Fly
Senior Executive Vice President, Chief Accounting Officer · since 2018
Keith D. Horton
Senior Executive Vice President, Chief Administrative Officer · since 2005
William B. Littreal
Chief Financial Officer, Senior Executive Vice President · since 2018
Philip M. Rudisill
Senior Executive Vice President and Chief Credit Officer · since 2011
Thomas V. Rueger
Senior Executive Vice President · since 2013
Brad E. Schwartz
Chief Operating Officer, Senior Executive Vice President, Director · since 2016
Brian K. Skinner
Executive Vice President, Chief Banking Officer · since 2019
Una Starr Oliver
Senior Executive Vice President and Chief Marketing and Human Resources Officer · since 2011
Richard S. Bray
Lead Independent Director · since 2017
Jacqueline B. Amato
Director · since 2016
Andrew S. Fine
Director · since 1999
Richard Scott Morgan
Director · since 2011
William T. Morrison
Director of Town Bank, Chairman and Chief Executive Officer of TowneBank Mortgage and Realty Group, a Division of TowneBank · since 2016
R. V. Owens
Director · since 2011
Headquarters & legal address
5716 High Street West
Portsmouth, VA 23703
US
Portsmouth, VA 23703
US
Valuation
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