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The Federal Deposit Insurance Corporation and the Virginia State Corporation
Commission have approved the regulatory applications filed in connection with TowneBank’s acquisition of Village and its wholly-owned subsidiary, Village Bank. In addition to the parties receiving all required regulatory approvals.
TowneBank Executive Chairman, Bob Aston, received honors from Chesapeake Bay Academy and Virginia Wesleyan University for his years of commitment and support to each institution.
Hampton Roads based TowneBank (NASDAQ: TOWN) and Village Bank and Trust Financial Corp. (NASDAQCM: VBFC) (“Village”), the parent company of Village Bank, today announced the signing of a definitive agreement and plan of reorganization pursuant to which TowneBank will acquire Village and Village Bank.
TowneBank Celebrates Silver Anniversary at Annual Meeting
This spring, nearly 1,000 people gathered at the Virginia Beach Convention Center for a special 25th anniversary annual meeting of TowneBank shareholders.
TowneBank Celebrates Opening of Cary Downtown Banking Center
TowneBank celebrated the grand opening of our 51st banking center, located on Walnut Street across from Downtown Cary Park, at an event on May 2, 2024.
TowneBank and Towne Insurance Celebrate Grand Opening of New Financial Center
TowneBank and Towne Insurance celebrated the grand opening of the new 30,000 square foot Greenville Financial Center with an official ribbon cutting on February 28, 2024.
TowneBank Celebrates Opening of North Ridge Financial Center
TowneBank celebrated the grand opening of our 50th banking center, located on Falls of Neuse Road in the North Ridge area of Raleigh, at an event on January 25, 2024.
In a recent evaluation by the Federal Deposit Insurance Corporation (FDIC), TowneBank received an overall rating of 'Outstanding,' - the highest rating possible - on its Community Reinvesment Act (CRA) Performance.
TowneBank Welcomes Ernest Piccioli As Chief Risk Officer
With over 30 years of risk management experience at one of the country’s largest commercial banks, Piccioli joins the TowneBank senior leadership team as a member of the corporate management group.
TowneBank Names Thomas Woodward President of New Region
Thomas Woodward will become president of TowneBank's new Suffolk and Western Tidewater region once its Farmers Bank division moves under the TowneBank name in April, 2023.
TowneBank Names Ross Morgan President of Portsmouth and Real Estate Finance Group
Morgan will lead a dedicated team of commercial, private, real estate, and retail bankers that protects and enhances many relationships from the bank’s founding city.
TowneBank Names Robin Cooke President of Retail Banking
Cooke will have executive oversight and leadership over TowneBank branch offices to ensure that members receive consistent and exquisite member service across all regions.
