About TowneBank
TowneBank is a company based in Portsmouth (United States) founded in 1999. The company has 2,720 employees. TowneBank has completed 5 acquisitions, including Dogwood State Bank, Farmers Bank Virginia and Monarch Bank. TowneBank offers products and services including Checking Accounts, Loans, Credit Cards, Savings Accounts, and Online Banking. TowneBank operates in a competitive market with competitors including Truist, Investec, Equity Bank, Citi and KeyBank, among others.
- Annual Revenue$1.12 B (USD)0as on Dec 31, 2025
- Net Profit$169.53 M (USD)5.06as on Dec 31, 2025
- Latest Funding Round$27M (USD), Post-IPO
Oct 2009
- Employee Count2,720
- Investments & AcquisitionsDogwood State Bank
& 4 more
Products & Services of TowneBank
TowneBank offers a comprehensive portfolio of products and services, including Checking Accounts, Loans, Credit Cards, Savings Accounts, and Online Banking.
Accounts for daily transactions and financial management
Products for personal and business borrowing needs
Cards for purchases and cash advances
Accounts to save and earn interest
Platform for managing accounts remotely
Apps and channels of TowneBank
its YouTube channel TowneBank has 159 subscribers and 30 videos.
Videos from TowneBank
The most watched videos on TowneBank's YouTube channel, TowneBank (159 subscribers). Click a video to play it here.
More on TowneBank.
Funding Insights of TowneBank
- Total Rounds 1
- Last Round Post-IPO — $27M
- First Round $27M
(Oct 2009)
All 1 funding rounds of TowneBank with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2009 | $27M | Post-IPO | – | – | – |
People of TowneBank
69 people are tracked at TowneBank (34 in leadership, 27 in board & advisors, 8 in team); the tracked headcount is 2,720.
| Name | Role | Group |
|---|---|---|
William B. Littreal | SEVP, Chief Financial Officer | Leadership |
Dawn S. Glynn | President, Retail and Private Banking | Leadership |
William I. Foster III | President, Commercial and Real Estate Banking | Leadership |
Matthew C. Davis | Chief Strategy and Risk Officer | Leadership |
Brian K. Skinner | President Of Virginia And Northeastern North Carolina | Leadership |
R. Lee Clark | SEVP, Chief Human Resources Officer | Leadership |
Philip M. Rudisill | SEVP, Chief Credit Officer | Leadership |
J. Morgan Davis | President & Chief Executive Officer | Leadership |
Anne C.h. Conner | President, Public Finance and Community Investment | Leadership |
T. Patrick Collins | President, TowneBank Richmond | Leadership |
Greg Steele | President, TowneBank Greenville | Leadership |
Taylor Sugg Jr. | President, North East North Carolina | Leadership |
Alexis Swann | President, TowneBank Williamsburg/Peninsula | Leadership |
Denys Diaz | Chief Information Officer | Leadership |
Wesley Barnes | Senior Vice President Commercial Banking | Leadership |
Joe Johann | Senior Vice President / Information Security Architect | Leadership |
Adam Chin | Senior Vice President, Model Risk Management | Leadership |
David Hare | President, TowneBank Chesapeake | Leadership |
George Whitley | Chief Legal Officer | Leadership |
Matt Clarke | President, TowneBank Chesterfield | Leadership |
49 more people are available in the full profile.
Complete people profiles for TowneBank
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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- Professional contacts
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IPO & Listings of TowneBank
TowneBank is a publicly listed company on the NASDAQ with ticker symbol TOWN in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date05 May 1999
- Listed onNASDAQ: TOWN
- Listed entityTowne Bank
- Exchange sectorFinance
- ISINUS89214P1093
- Share price$34.96 (-0.88% on the day) · 2026-10-09
- Market capitalisation$3.23B
- Price to earnings9.8
- EPS (diluted, trailing year)$3.57
- Dividend yield3.15%
- Volume (last session)434,595
Financials of TowneBank
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | $1.12B | $169.5M | – |
| 2024 | $1.02B | $161.4M | – |
| 2023 | $939.7M | $153.7M | – |
| 2022 | $745.7M | $189.0M | – |
| 2021 | $728.6M | $215.4M | – |
Detailed financial statements for TowneBank
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by TowneBank
TowneBank has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Dogwood State Bank, Farmers Bank Virginia and Monarch Bank.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Community bank providing banking products and services for businesses, business owners, professionals, and their employees | dogwoodstatebank.com | Raleigh, United States | 2018 | Aug 2025 | $476M | |
Commercial bank | oldpoint.com | Hampton, United States | 1923 | Apr 2025 | $203M | |
Commercial bank | farmersbankva.com | Chesapeake, United States | 1919 | Aug 2022 | $56M | |
Commercial banking services are provided in the United States. | paragonbank.com | Raleigh, United States | 1999 | Apr 2017 | $323.7M | |
Commercial banking services are offered to businesses and individuals. | monarchbank.com | Chesapeake, United States | 1998 | Dec 2015 | $220.6M |
Complete acquisition details for TowneBank
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- Complete history
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Timeline of TowneBank
8 dated milestones of TowneBank across 26 years, from founding to its latest funding, stage changes and deals.
- Founded TowneBank is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $27.0M.
- Acquisition Acquires Monarch Bank.
- Acquisition Acquires TowneBank.
- Acquisition Acquires Farmers Bank Virginia.
- Acquisition Acquires Old Point.
- Acquisition Acquires Dogwood State Bank.
Competitors of TowneBank
TowneBank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Truist, Investec, Equity Bank, Citi and KeyBank, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| truist.com | 1872 | Charlotte, United States | $900,000 | 55,480 | Wealth advisory and banking services are offered to clients. | |
| investec.com | 1974 | London, United Kingdom | – | 9,444 | Global banking, investment, and wealth management services are offered worldwide. | |
| equitybank.com | 2002 | Wichita, United States | $89.7M | – | Commercial banking services are provided to businesses and individuals. | |
| citigroup.com | 1812 | New York, United States | – | 500 | Diversified financial services are offered through commercial banking operations. | |
| key.com | 1849 | Cleveland, United States | – | 17,333 | Regional bank | |
| citigroup.com | 1812 | New York, United States | – | 500 | Diversified financial services are offered through commercial banking operations. | |
| huntington.com | 1866 | Shelton, United States | – | 2,276 | Commercial banking services are provided across the United States. | |
| scotiabank.com | 1832 | Toronto, Canada | – | 88,645 | Commercial banking services are provided internationally by Scotiabank. | |
| jpmorgan.com | 1799 | New York, United States | – | – | Comprehensive financial services are provided to corporations and individuals. |
Detailed competitors of TowneBank
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of TowneBank
The website of TowneBank (townebank.com) receives about 291.4K visits a month and ranks #190,856 among all websites worldwide, #11,688 in Banking Credit and Lending.
- Monthly visits291.4K
▼ 12.2% vs previous month
- Unique visitors52.8K
per month
- Global rank#190,856
among all websites
- Category rank#11,688
Finance · Banking Credit and Lending
- Bounce rate51%
- Pages per visit1.6
- Average visit5 min 06 sec
- DevicesDesktop 79% · Mobile 21%
Websites whose visitors overlap most with TowneBank. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
townebanksecure.com | townebanksecure.com | 100% | – | #161,850 | – |
| monarchbank.com | 55% | – | – | View details | |
| townbank.us | 53% | – | #1,725,770 | View details | |
| chase.com | 52% | 198.6M | #125 | View details | |
| americanexpress.com | 51% | 107.4M | #276 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for TowneBank
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- 40 similar websites
- Audience overlap
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Latest news on Townebank
Complete news archive for TowneBank
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Similar companies to TowneBank
10 companies that operate in the same segment as TowneBank (Banks), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Collateralised loans for commercial vehicles are extended to rural entrepreneurs. | 1996 | Jaipur, Rajasthan, India | USD 136.29 M | USD 2.3 B | 50,950 | |
Small finance services are extended to underserved segments in India. | 2005 | Bengaluru, Karnataka, India | USD 153.96 M | – | 21,203 | |
Commercial banking services are provided in the United Kingdom. | 2010 | London, England, United Kingdom | USD 564 M | USD 1.15 B | – | |
Microfinance banking services are offered in India by ESAF. | 1992 | Thrissur, Kerala, India | USD 111.83 M | USD 474.19 M | 12,520 | |
Wealth advisory and banking services are offered to clients. | 1872 | Charlotte, North Carolina, United States | USD 900 K | USD 881.26 M | 1,240 | |
Microfinance bank | 1999 | Bengaluru, Karnataka, India | USD 814.02 M | USD 670.62 M | 25,380 | |
Small finance bank offering savings accounts, deposits, and loan products | 2008 | Mumbai, Maharashtra, India | USD 110.94 M | USD 268.59 M | 8,650 | |
Commercial banking services are offered to individuals and businesses. | 2004 | Mumbai, Maharashtra, India | USD 4.63 M | USD 3.98 B | 28,690 | |
Provider of a commercial banking services | 1993 | Mumbai, Maharashtra, India | – | USD 17.37 B | 104,450 | |
Small finance bank | 2007 | Chennai, Tamil Nadu, India | USD 194.55 M | USD 840.3 M | 25,430 |
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Frequently Asked Questions about TowneBank
TowneBank was founded in 1999 and raised its 1st funding round 10 years after it was founded.
TowneBank is headquartered in Portsmouth, United States. It is registered at Portsmouth, Virginia, United States.
TowneBank has 2,720 employees.
Annual revenue of TowneBank is $1.12B as on Dec 31, 2025.
TowneBank was established in 1999 and is headquartered in Portsmouth, United States. As a commercial bank, a variety of financial services is offered, including deposit accounts, loans, and investment products. Operations are centered on supporting regional businesses and personal banking needs within the United States market. The banks activities are regulated under standard federal banking guidelines, with a focus on community-oriented lending and deposit services.
TowneBank offers Checking Accounts, Loans, Credit Cards, Savings Accounts, and Online Banking.
Yes, TowneBank is publicly traded on NASDAQ under the ticker symbol TOWN.
TowneBank has made 5 acquisitions, including Dogwood State Bank, Farmers Bank Virginia, and Monarch Bank.
TowneBank operates through Townebank.
The website of TowneBank receives about 291 thousand visits a month and ranks #190,856 among all websites worldwide.