Towne Bank
NASDAQ:TOWN
Towne Bank
Total Assets
Towne Bank
Total Assets Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
| Company | Total Assets | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
|---|---|---|---|---|---|---|
|
|
Towne Bank
NASDAQ:TOWN
|
Total Assets
$17.2B
|
CAGR 3-Years
2%
|
CAGR 5-Years
8%
|
CAGR 10-Years
13%
|
|
|
PNC Financial Services Group Inc
NYSE:PNC
|
Total Assets
$560B
|
CAGR 3-Years
0%
|
CAGR 5-Years
6%
|
CAGR 10-Years
5%
|
|
|
M&T Bank Corp
NYSE:MTB
|
Total Assets
$208.1B
|
CAGR 3-Years
10%
|
CAGR 5-Years
12%
|
CAGR 10-Years
8%
|
|
|
Truist Financial Corp
NYSE:TFC
|
Total Assets
$531.2B
|
CAGR 3-Years
-1%
|
CAGR 5-Years
2%
|
CAGR 10-Years
11%
|
|
|
Fifth Third Bancorp
NASDAQ:FITB
|
Total Assets
$212.9B
|
CAGR 3-Years
0%
|
CAGR 5-Years
5%
|
CAGR 10-Years
4%
|
|
|
First Citizens BancShares Inc (Delaware)
NASDAQ:FCNCA
|
Total Assets
$223.7B
|
CAGR 3-Years
57%
|
CAGR 5-Years
41%
|
CAGR 10-Years
22%
|
|
Towne Bank
Glance View
Towne Bank, founded in 1998 in the heart of Hampton Roads, Virginia, is a testament to community-focused banking. It was established by a group of local business leaders driven by the vision of nurturing personal relationships within the banking space. Headquartered in Suffolk, Virginia, the bank’s operations span across the Mid-Atlantic region, catering primarily to individuals and small to mid-sized businesses. Towne Bank functions by offering a comprehensive suite of financial products, including personal and commercial banking services, insurance, real estate, and wealth management. Their operating model thrives on localized decision-making and community engagement, aiming to foster a sense of belonging and trust among its members—customers whom they refer to much like family. The bank makes its money through interest income, which comes from loans provided to individuals and businesses. By maintaining a low-cost deposit base and offering competitive loan rates, Towne Bank positions itself as a reliable financial partner. Additionally, the bank diversifies its revenue streams through fee-based services in insurance and asset management, areas that often benefit from economies of scale. This approach not only creates a buffer against interest rate fluctuations but also enhances its resilience in varied economic climates. By integrating traditional banking with broader financial services, Towne Bank leverages its regional knowledge and personal touch to sustain profitability while emphasizing community reinvestment and support—continuing its mission of promoting accessible financial solutions with a distinctly local flair.
See Also
What is Towne Bank's Total Assets?
Total Assets
17.2B
USD
Based on the financial report for Dec 31, 2024, Towne Bank's Total Assets amounts to 17.2B USD.
What is Towne Bank's Total Assets growth rate?
Total Assets CAGR 10Y
13%
Over the last year, the Total Assets growth was 2%. The average annual Total Assets growth rates for Towne Bank have been 2% over the past three years , 8% over the past five years , and 13% over the past ten years .
You don't have any saved screeners yet