Own Your Bank

TowneBank members can purchase stock directly from their account.

Member Stock Purchase Program

Share in the success of one of the leading community banks in Virginia and North Carolina! Avoid nearly all of the typical fees and hassles of investing when you directly purchase stock — and with this program it's easy! 

  • Buy shares straight from the bank
  • No brokerage commissions or service fees for share purchases 
  • Simply request a member stock purchase enrollment form from a local banker

Steps to Enroll

To participate in the TowneBank Member Stock Purchase Plan and/or Dividend Reinvestment Plan, please download, print and complete the following forms. Then follow the instructions to submit your completed forms to ComputerShare, our transfer agent.  

Program Details

  • Designate a set amount to contribute to the plan every month - as little as $25 or as much as $10,000. We can automatically debit the amount from your TowneBank or other designated bank account on the 16th of every month. 

    If you'd like to participate in the plan but do not have a deposit account with TowneBank, we encourage you to visit one of our banking offices for information on how to become a family member. 
  • To buy shares in addition to your monthly investments, just send a check (based on the
    minimum and maximum investment amounts indicated above) payable to the Plan
    Administrator. You won’t pay any fees for purchasing shares this way, either.
  • You can automatically reinvest all or a portion of the cash dividends paid on your
    TowneBank shares. If you select dividend reinvestment on a portion of your shares, you’ll
    receive a check for the remainder of the cash dividend on your shares. And you can change
    your reinvestment allocation at any time just by notifying the Plan Administrator.
  • To sell any or all your shares, just send a request to the Plan Administrator. Selling shares does involve brokerage commissions which will be deducted from the proceeds of the sale, along with a sales transaction fee.
  • You’ll receive a Plan statement detailing year-to-date account activity at the end of any month in which there was activity in your account. Please retain your statements for income tax and other purposes.

Additional Information

Separate certificates for shares purchased through the Plan will not be issued to you. The TowneBank shares you acquire through the Plan will be maintained in your Plan account for safekeeping by the Plan Administrator, Computershare in book entry form.

For more information, please download and review the Offering Circular.

Shares of TowneBank stock are not deposit accounts insured by the FDIC or any other governmental agency, are not guaranteed by TowneBank, and are subject to investment risks, including the possible loss of principal amount invested. This statement does not constitute an offer to sell or the solicitation of an offer to buy stock in TowneBank. The offering is made by the offering circular only.

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