T 
36.72
+0.91%
Close of 9 Nov 2026, in USD
Search any instrument
Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
About TowneBank
Its shares trade under the ticker TOWN. It has been listed since 5 May 1999. In the fiscal year to 31 December 2025, it reported revenue before interest expense of $1.01bn and net income of $169.5m. At that date it held total assets of $19.69bn and shareholders' equity of $2.42bn.
TowneBank engages in the provision of retail and commercial banking services to individuals and small and medium size businesses. The company is headquartered in Portsmouth, Virginia. The Bank offers personal banking services and business banking services. The Bank operates through three segments: Banking, Realty and Insurance. The Banking segment provides loan and deposit services to retail and commercial customers. The Realty segment provides residential real estate services, originations of a range of mortgage loans, resort property management, and residential and commercial title insurance. The Insurance segment provides property and casualty insurance, as well as employee and group benefits. The Bank provides checking accounts, cards, savings, money markets and certificate of deposits (CDs), mobile banking, financial management software, private banking and switch kit. The Bank also offers auto loans, home equity loans, construction loans, lot loans, recreational vehicles, mortgage loans, land acquisition loans, construction loans, development Loans, and personal loans and lines of credit.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Financials
- Industry
- Banks
- Listed since
- 5 May 1999
- Employees
- 2,410
- Website
- townebank.com ↗
Leadership
Pay as last reported
- Mr. G. Robert AstonExecutive Chairman of the Board, since 1998$3.0m
- Mr. William FosterPresident, Chief Executive Officer, Director, since 2005$2.6m
- Mr. Jeffrey BensonIndependent Vice Chairman of the Board, since 2016$105,024
- Mr. William LittrealChief Financial Officer, Senior Executive Vice President$1.7m
- Mr. William MorrisonDirector; President and Chief Executive Officer of Towne Financial Services Group, since 2016$1.6m
- Mr. Matthew DavisPresident and Regional Banking Director, North Carolina
- Ms. Dawn GlynnPresident & Chief Experience Officer - Corporate Services Group
- Mr. Brian SkinnerPresident and Regional Banking Director, Virginia and Northeastern North Carolina$1.3m
- Mr. R. Lee ClarkSenior Executive Vice President and Chief Operating Officer
- Mr. Kevin FlySenior Executive Vice President, Chief Accounting Officer
- Mr. Denys DiazSenior Executive Vice President, Chief Information Officer
- Mr. Ernest PiccioliSenior Executive Vice President and Chief Risk Officer
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 22
- Environment
- 3
- Social
- 46
- Governance
- 16
- Women in the workforce
- 67%
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Strong Financial Position:
- Towne Bank has a solid financial foundation, with steady growth in assets and a healthy liquidity position, which allows them to meet customer needs efficiently.
- Diversified Product Portfolio:
- The bank offers a wide range of products and services, including retail and commercial banking, mortgage lending, insurance, wealth management, and more. This diversification helps minimize risk and maximize revenue potential.
- Strong Customer Relationships:
- Towne Bank emphasizes building long-term relationships with customers through personalized services, excellent customer support, and community involvement. This leads to customer loyalty and repeat business.
- Technological Innovations:
- The bank invests in cutting-edge technology to streamline operations, enhance cybersecurity, and provide customers with convenient digital banking solutions. This positions them well for the increasingly digital financial industry.
- Weaknesses:
- Limited Geographic Presence:
- Towne Bank's operations are primarily focused on specific regions, limiting its reach compared to larger national or global banks. This poses a challenge in expanding its customer base beyond its current markets.
- Reliance on Interest Income:
- The bank heavily relies on interest income as its main revenue source. This exposes them to fluctuations in interest rates, which can impact profitability during periods of low interest rates.
- Lack of Brand Recognition:
- While Towne Bank has a solid presence within its communities, it may face challenges in competing with larger banks that have stronger national or global brand recognition.
- Opportunities:
- Market Expansion:
- Towne Bank can explore opportunities to expand its geographic presence by acquiring or partnering with smaller regional banks or considering branching into new markets. This would allow them to diversify their customer base and increase market share.
- Growing Demand for Digital Banking:
- With the increasing popularity of online and mobile banking, Towne Bank can capitalize on this trend by further developing its digital banking platforms and attracting tech-savvy customers who value convenience.
- Cross-Selling Opportunities:
- As Towne Bank already offers a comprehensive suite of financial services, they can focus on cross-selling to existing customers. By promoting additional products and services, they can increase customer loyalty and revenue streams.
- Threats:
- Increasing Regulatory Compliance:
- As the banking industry faces stricter regulations, Towne Bank must allocate significant resources to ensure compliance, which may increase operational costs.
- Intense Competition:
- The banking sector is highly competitive, with both traditional banks and fintech companies vying for market share. Towne Bank needs to constantly innovate and differentiate itself to stay ahead in this crowded market.
- Economic Uncertainty:
- Fluctuations in the economy, interest rates, and financial markets can impact Towne Bank's profitability and loan quality. Economic downturns or recessions pose risks to their loan portfolio and overall financial performance.
Weaknesses
- Limited Geographic Presence:
- Towne Bank's operations are primarily focused on specific regions, limiting its reach compared to larger national or global banks. This poses a challenge in expanding its customer base beyond its current markets.
- Reliance on Interest Income:
- The bank heavily relies on interest income as its main revenue source. This exposes them to fluctuations in interest rates, which can impact profitability during periods of low interest rates.
- Lack of Brand Recognition:
- While Towne Bank has a solid presence within its communities, it may face challenges in competing with larger banks that have stronger national or global brand recognition.
- Opportunities:
- Market Expansion:
- Towne Bank can explore opportunities to expand its geographic presence by acquiring or partnering with smaller regional banks or considering branching into new markets. This would allow them to diversify their customer base and increase market share.
- Growing Demand for Digital Banking:
- With the increasing popularity of online and mobile banking, Towne Bank can capitalize on this trend by further developing its digital banking platforms and attracting tech-savvy customers who value convenience.
- Cross-Selling Opportunities:
- As Towne Bank already offers a comprehensive suite of financial services, they can focus on cross-selling to existing customers. By promoting additional products and services, they can increase customer loyalty and revenue streams.
- Threats:
- Increasing Regulatory Compliance:
- As the banking industry faces stricter regulations, Towne Bank must allocate significant resources to ensure compliance, which may increase operational costs.
- Intense Competition:
- The banking sector is highly competitive, with both traditional banks and fintech companies vying for market share. Towne Bank needs to constantly innovate and differentiate itself to stay ahead in this crowded market.
- Economic Uncertainty:
- Fluctuations in the economy, interest rates, and financial markets can impact Towne Bank's profitability and loan quality. Economic downturns or recessions pose risks to their loan portfolio and overall financial performance.
Opportunities
- Market Expansion:
- Towne Bank can explore opportunities to expand its geographic presence by acquiring or partnering with smaller regional banks or considering branching into new markets. This would allow them to diversify their customer base and increase market share.
- Growing Demand for Digital Banking:
- With the increasing popularity of online and mobile banking, Towne Bank can capitalize on this trend by further developing its digital banking platforms and attracting tech-savvy customers who value convenience.
- Cross-Selling Opportunities:
- As Towne Bank already offers a comprehensive suite of financial services, they can focus on cross-selling to existing customers. By promoting additional products and services, they can increase customer loyalty and revenue streams.
- Threats:
- Increasing Regulatory Compliance:
- As the banking industry faces stricter regulations, Towne Bank must allocate significant resources to ensure compliance, which may increase operational costs.
- Intense Competition:
- The banking sector is highly competitive, with both traditional banks and fintech companies vying for market share. Towne Bank needs to constantly innovate and differentiate itself to stay ahead in this crowded market.
- Economic Uncertainty:
- Fluctuations in the economy, interest rates, and financial markets can impact Towne Bank's profitability and loan quality. Economic downturns or recessions pose risks to their loan portfolio and overall financial performance.
Threats
- Increasing Regulatory Compliance:
- As the banking industry faces stricter regulations, Towne Bank must allocate significant resources to ensure compliance, which may increase operational costs.
- Intense Competition:
- The banking sector is highly competitive, with both traditional banks and fintech companies vying for market share. Towne Bank needs to constantly innovate and differentiate itself to stay ahead in this crowded market.
- Economic Uncertainty:
- Fluctuations in the economy, interest rates, and financial markets can impact Towne Bank's profitability and loan quality. Economic downturns or recessions pose risks to their loan portfolio and overall financial performance.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.