Towne Bank
NASDAQ:TOWN

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Towne Bank
NASDAQ:TOWN
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Price: 34.78 USD 0.58% Market Closed
Market Cap: 2.6B USD
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Towne Bank
Investor Relations

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.

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Earnings Calls

No Earnings Calls Available

Management

Mr. G. Robert Aston Jr.
Executive Chairman
No Bio Available
Mr. William I. Foster III
CEO, President & Director
No Bio Available
Mr. William B. Littreal CPA
Senior EVP & CFO
No Bio Available
Mr. Brian K. Skinner
President & Regional Banking Director for Virginia and Northeastern North Carolina
No Bio Available
Mr. William T. Morrison
President & CEO of TowneBank Financial Services Group and Director
No Bio Available
Mr. R. Lee Clark
Senior Executive VP & COO
No Bio Available
Mr. Kevin L. Fly
Senior EVP & Chief Accounting Officer
No Bio Available
Mr. Denys J. Diaz
Senior EVP & Chief Information Officer
No Bio Available
Mr. George P. Whitley
Senior EVP & Chief Legal Officer
No Bio Available
Mr. Scott V. Williams
Executive VP and Director of Marketing & Member Experience
No Bio Available

Contacts

Address
VIRGINIA
Portsmouth
5716 High Street
Contacts
+17576387500.0
townebank.com