About TowneBank
TowneBank is a company based in Portsmouth (United States) founded in 1999. The company has 2,720 employees as of December 31, 2024. 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.
- Headquarter Portsmouth, United States
- Employees 2720 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Towne Bank
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Annual Revenue
$1.12 B (USD)0as on Dec 31, 2025
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Net Profit
$169.53 M (USD)0as on Dec 31, 2025
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EBITDA
Not available
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Latest Funding Round
$27 M (USD), Post-IPO
Oct 21, 2009
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Investors
Not available
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Employee Count
2720
as on Dec 31, 2024
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Investments & Acquisitions
Dogwood State Bank
& 4 more
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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.
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
People of TowneBank
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Funding Insights of TowneBank
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.
Investment portfolio details for TowneBank
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Community bank providing banking products and services for businesses, business owners, professionals, and their employees
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Locked | Locked | 2018 | Locked | |
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Commercial banking services are provided in the United States.
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Locked | Locked | 1999 | Locked | |
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Commercial banking services are offered to businesses and individuals.
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Locked | Locked | 1998 | Locked |
Complete acquisition details for TowneBank
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - TowneBank
Detailed financials for TowneBank
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Townebank Comparisons
Peer comparison for TowneBank
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
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 year | HQ Location | Description |
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Wealth advisory and banking services are offered to clients.
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Global banking, investment, and wealth management services are offered worldwide.
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| Locked | Locked | Locked |
Commercial banking services are provided to businesses and individuals.
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| Locked | Locked | Locked |
Diversified financial services are offered through commercial banking operations.
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Regional bank
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Diversified financial services are offered through commercial banking operations.
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Detailed competitors of TowneBank
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Townebank
Complete news archive for TowneBank
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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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.
As of Dec 31, 2024, the latest employee count at TowneBank is 2,720.
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.
The ticker symbol of TowneBank is TOWN on NASDAQ.