Press Releases
11/3/2025 | Suffolk, VA
With a distinctive culture of caring and an emphasis on service to others, TowneBank recently received a continued vote of confidence from the people of Charlotte.The Hampton Roads-based financial services company was voted Gold in the bank category in the 2025 edition of Charlotte’s Best, the second consecutive year to earn this distinction. Also joining the list was TowneBank Mortgage, which earned Bronze in the best home mortgage category. This magazine showcases the effort to discover and celebrate the businesses, people, and places the community loves most—as voted by the people of Charlotte. Established in partnership with the Charlotte Observer, this “best of” program was developed to help the community and support Charlotte-area businesses.
Now celebrating seven years in Charlotte, TowneBank currently has three locations serving the SouthPark, Ballantyne, and Myers Park areas with banking, mortgage, insurance, and wealth management services. Ted Wolfe, president of TowneBank Charlotte, expressed his gratitude for this recognition from Charlotte’s Best. “We are thankful to everyone who voted for us and for the many relationships we are creating here,” he said. “Our local financial professionals, engaged board of directors, and dedicated members combine to support our success and growth across Charlotte. We look forward to sharing the Towne experience with even more people and organizations in our community.”
Charlotte is the second-largest banking center in the country, with major competitors and national banks headquartered in the area. William I. “Billy” Foster III, TowneBank president and CEO, said of this honor: “We feel at home in the Charlotte market, which makes this recognition so significant. This is great news to share not just in Charlotte, but with our Hampton Roads community, where TowneBank began over 26 years ago.”
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About TowneBank:
Founded in 1999, TowneBank is a company built on relationships, offering a full range of banking and other financial services, with a focus on serving others and enriching lives. Dedicated to a culture of caring, Towne values all employees and members by embracing their diverse talents, perspectives, and experiences.
Today, TowneBank operates over 60 banking offices throughout Hampton Roads and Central Virginia, as well as Northeastern and Central North Carolina – serving as a local leader in promoting the social, cultural, and economic growth in each community. Towne offers a competitive array of business and personal banking solutions, delivered with only the highest ethical standards. Experienced local bankers providing a higher level of expertise and personal attention with local decision-making are key to the TowneBank strategy. Towne has grown its capabilities beyond banking to provide expertise through its affiliated companies that include Towne Wealth Management, Towne Insurance Agency, Towne Benefits, TowneBank Mortgage, TowneBank Commercial Mortgage, Berkshire Hathaway HomeServices RW Towne Realty, Towne 1031 Exchange, and Towne Vacations. With total assets of $19.7 billion as of September 30, 2025, TowneBank is one of the largest banks headquartered in Virginia.
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