Our History

From humble beginnings in a two-car garage in Portsmouth, Virginia, TowneBank has evolved to become one of the fastest growing new banks ever chartered in the Commonwealth of Virginia.  On April 8, 1999 TowneBank opened three offices with start-up capital from over 4,000 shareholders. TowneBank achieved profitability in just eleven short months, and we continue to grow and invest in our hometown communities.

Today, TowneBank offers a full array of financial services from the oceanfront of Virginia Beach, to the Outer Banks of North Carolina, to Williamsburg, Richmond, and Central Virginia.  The best part?  Towne Family members enjoy the finest personal service delivered with a great hometown spirit. With 37 banking offices and $7.83 billion in assets, we have become one of the largest banks headquartered in Virginia.  But we’ve never lost sight of our roots.  Local decision-making; community board leadership; volunteerism, philanthropy, and a culture of caring – it’s all part of the Towne experience. We hope you’ll visit with us soon and learn what hometown banking is all about.