Photo of Business Leader addressing employees during a meeting.

A Collection of Financial Services for You and Your Employees

Business MERIT

As a business owner, you fuel the economy and our community. TowneBank appreciates your unique challenges.  Whether it's retaining talent, maximizing the value of your business or managing rising insurance costs - we are ready to help. Business MERIT from TowneBank is a collection of financial services designed to support your bottom line by improving productivity and helping plan for the future. Programs including Merchant Support, Specialized Loans and Lines of Credit, Evaluation of Company Benefit Programs and Insurance Review are just the start of what we can offer to help you achieve your financial goals.

Business MERIT gives you the right tools and resources with great benefits for you, your business, and your staff.

Company Benefits
  • Competitive Merchant Card services with 24-hour support
  • Debit Cards for company expenses - easier than a check!
  • Business Credit Card with a great Rewards® program
  • Specialized Loans and Lines of Credit tailored to meet your needs*
  • Convenient deposit options without ever leaving your office, including the Business Beetle Courier Service and Deposit Wizard, an electronic check-depositing tool. With Deposit Wizard, you can make same day check deposits up until 6:00 p.m. on any business day.
  • Complimentary review of and access to financial solutions designed to maximize cash flow, protect against fraud, and increase efficiency, including direct deposit services and more
  • Evaluation of your current company benefit programs with access to our Towne Benefits+   Program
  • Insurance review with Towne Insurance for the company and key executives+
  • A variety of business, fee-saving checking accounts to meet your unique deposit and financial management needs
  • Up to $100 credit towards the purchase of your existing unused checks
  • Online Banking, Bill Pay and Mobile Banking Services^
Personal Benefits for Owners
  • Towne Classic Checking Accounts with no monthly maintenance fee, unlimited check writing, and direct deposit^^
  • First order of custom TowneBank checks free
  • Free Online Banking, Bill Pay and Mobile Banking^ with Check Deposit
  • ¼% discount on installment loan rates*
  • $500 credit towards closing costs when financing a home mortgage with TowneBank Mortgage*
  • 25% discount on safe deposit boxes (based on availability)
  • No fee on American Express® Gift Cards and Gift Cheques, Traveler’s Checks and Cashier’s Checks, and Free Notary Services
  • Personalized Real Estate services to help you buy or sell a home, choose a vacation getaway, or provide assistance with relocating to or from the community.
  • Free Insurance Review with Towne Insurance for your home, auto, and personal needs. +
  • Free, no obligation, Investment Consultation with an advisor at Towne Investment Group that includes a Free Asset Allocation and Investment Return Report.**
Staff Benefits

Your staff works hard every day helping others, always ready to answer a question or take care of a special need.  As a TowneBank Professional Partner or Business MERIT member, your work family can enjoy these special privileges:

  • Towne Classic checking account with no monthly maintenance fee, unlimited check writing, and direct deposit^^
  • Children receive Towne Saver accounts with no monthly maintenance fee
  • First order of custom TowneBank checks free
  • Free Online Banking,  Bill Pay, and Mobile Banking^
  • 1/4% discount on installment loan rates*
  • $500 credit towards closing costs when financing a home mortgage with TowneBank Mortgage*
  • 25% discount on safe deposit boxes (based on availability)
  • No Fee Cashier’s Checks
  • Free Notary Services
  • Personalized Real Estate Services to help you buy or sell a home, choose a rental or vacation getaway, or provide assistance when relocating to or from the community.
  • Free Insurance Review with Towne Insurance for your home, auto, and personal needs.+

Looking for more information on our Business Banking services?

Please complete the form below and a hometown banker will contact you within 1-2 business days.

* required field
First and Last Name
*
Business Name
*
Email
Phone Number
Zip Code
*

Only Deposit Products are FDIC Insured.

* Normal credit approval criteria apply. Available for primary residence only; does not include bank shelf mortgage.

+ Insurance and investment products offered through Towne Insurance and Towne Benefits, subsidiaries of TowneBank, are Not a deposit, Not FDIC-Insured, Not guaranteed by TowneBank, and may go down in value.

^Your mobile carrier’s web access and text messaging charges may apply. All terms applicable to Online Banking apply to Mobile Banking.

^^Direct deposit is requested for this free account. Membership is for one year and may be renewed for additional one-year terms by providing your Hometown Banker with verification of employment with an eligible employer.

 ** Securities are offered through Raymond James Financial Services Inc., member FINRA/SIPC, and are: NOT insured by FDIC or any governmental agency, NOT guaranteed by TowneBank, NOT deposits of TowneBank, and are subject to risk and may lose value. Towne Investment Group, Towne Wealth Management, TowneBank, and its Affiliates are not registered broker/dealers and are independent of Raymond James Financial Services, Inc. Investment Advisory services are offered through Raymond James Financial Services Advisors, Inc. Main office: 5806 Harbour View Boulevard, Suite 202, Suffolk, VA 23435. 757-638-6850.

Raymond James

 finra.org | sipc.org