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FDIC-Insured - Backed by the full faith and credit of the U.S. Government
Serving Others. Enriching Lives.
Serving Others. Enriching Lives.
Local decision-making, volunteerism, and a culture of caring.
TowneBank started in 1999, based on the idea of strong relationships, excellent service, and the most respected and experienced bankers in each market we serve. Building on the idea of serving others and enriching lives, we now provide a full range of banking and other financial services. Dedicated to a culture of caring, we value each employeeand member by embracing their diverse talents, perspectives, and experiences.
Today, TowneBank operates over 50 banking offices throughout Hampton Roads, Central Virginia, and Northeastern and Central North Carolina. As a practical expression of our mission, TowneBank is intentional about being a local leader in each community—actively promoting social, cultural, and economic growth.
TowneBank works with each member toward your ultimate success. A key to this is experienced local bankers providing high-level expertise and personal attention, empowered to make local decisions.
We're Strong
With51 locationsbacked by more than $14 billion in assets and over 1,200 employeesproviding exquisite service to each of our members.
We're Experienced
The capabilities of the Towne family of services go beyond banking, by providingnationally-recognized services at the local level, such asinvestments*, home buying, and insurance*.
We're Local
TowneBankprovides millions of dollars in local, community reinvestments,charitable support, and loans. Expansive Community Involvement is evidence that TowneBank is serious about serving others and enriching lives.
*Investment and Insurance products are not a deposit, not FDIC-insured, not guaranteed by TowneBank, not insured by any state or federal government agency, and may go down in value.
News Around Towne
In The News
Information superhighway: Denys Diaz
Banking is not just a matter of money, it’s also about information. Chief Information Officers have a greater responsibility to drive change and innovation within the banking sector than ever before, and TowneBank’s Denys Diaz says it’s a privilege to serve in such a role.
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.
Towne Insurance Ranks Number 54 Among Top 100 Brokers Of U.S. Business
In its annual listing of Top 100 Brokers of U.S. Business measuring brokerage revenue generated by U.S.-based clients, Business Insurance ranked Towne Insurance Agency as number 54, rising three spots from the list released in July 2023.
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.
Towne Insurance Announces Acquisition of Charlotte Independent Agency
Towne Insurance Agency announced the acquisition of Lockhart Insurance, a full-service, independent agency located in Charlotte, NC. Lockhart Insurance has a long history of tailoring insurance policies to the needs of their clients – whether it be home, auto, or business insurance.
Towne Insurance Receives Prestigious Industry Award
Towne Insurance Agency is honored to accept the 2022 Pinnacle Award from Applied Systems. As Applied’s highest honor, the Pinnacle Awards recognize partnerships with Applied Systems and celebrate innovative use of technology in driving digital transformation, business success, and partnership in creating a connected insurance experience.
Towne Insurance Announces Acquistion of North Carolina Independent Agency
Towne Insurance Agency announced the acquisition of Lee-Moore Insurance, a full-service, independent agency with locations in West End, Broadway, and Carrboro, NC. In addition to serving the insurance needs of businesses, families, and individuals, Lee-Moore has developed a specialty knowledge of insuring golf courses and the team is proud to serve many premier public and private golf course operations throughout the southeastern US.
TowneBank will be a relationship and friendship driven local bank focused on basic human values that will serve to create a warm sense of belonging and financial well-being among our family of members.
We will offer a competitive array of business and personal financial services, delivered with only the highest ethical standards. Our commitment to exquisite service for our members will lead to our ability to create a reasonable rate of return for our shareholders, a bright future for our dedicated bankers, and a leadership role for our bank in promoting the social, cultural, and economic well-being of our community.
The TowneBank Story
The TowneBank Story
From humble beginnings in a two car garage to one of the fastest growing banks chartered in Virginia.
