About TowneBank
TowneBank is a company based in Raleigh (United States) founded in 1999 was acquired by TowneBank in April 2017. It operates as a Commission-Based and Brokerage / Intermediation. TowneBank has raised $5.53 million across 1 funding round from investors including TowneBank. TowneBank offers products and services including Personal Checking, Business Banking, Mortgage Services, and Wealth Management. TowneBank operates in a competitive market with competitors including Truist, Investec, Equity Bank, Citi and KeyBank, among others.
Products & Services of TowneBank
TowneBank offers a comprehensive portfolio of products and services, including Personal Checking, Business Banking, Mortgage Services, and Wealth Management.
Personal checking accounts are offered for daily transactions.
Business banking solutions are provided for corporate clients.
Mortgage services are available for home purchase financing.
Wealth management services are offered for asset growth.
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
TowneBank has successfully raised a total of $5.53M through 1 strategic funding round. The most recent funding activity was a Series A round of $5.53 million completed in September 2010. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $5.53M
- Total Rounds 1
- Last Round Series A — $5.53M
- First Round $5.53M
(Sep 2010)
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 |
|---|---|---|---|---|---|
| Sep 2010 | $5.53M | Series A | – | – | – |
1 investors in total: 1 institutional.
Investors in TowneBank
TowneBank has secured backing from 1 investor. Prominent investors backing the company include TowneBank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Commercial banking services are provided to businesses and individuals. | 1999 | townebank.com | Portsmouth, United States |
Investor details for TowneBank
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of TowneBank
4 dated milestones of TowneBank across 18 years, from founding to its latest funding, stage changes and deals.
- Founded TowneBank is founded.
- Funding First funding round of $5.5M.
- IPO Lists on the stock exchange (IPO).
- Exit Acquired by TowneBank.
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.
- Full competitor set
- Operating metrics
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Web traffic of TowneBank
Websites that share an audience with TowneBank (paragonbank.com).
Websites whose visitors overlap most with TowneBank. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| firstcitizens.com | 100% | 3.6M | #12,105 | View details | |
| bankparagon.com | 97% | 12K | #1,578,121 | View details | |
| bankofamerica.com | 92% | 113.9M | #258 | View details | |
bbt.com | bbt.com | 84% | – | #369,371 | – |
| nationalbankofcommerce.com | 75% | – | – | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 22 similar websites and full traffic analytics for TowneBank
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 22 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
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
Verified entity values are shown only after access is granted.
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 11 years after it was founded.
TowneBank is headquartered in Raleigh, United States. It is registered at Raleigh, North Carolina, United States.
TowneBank is a funded company, having raised a total of $5.53M across 1 funding round to date. The company's 1st funding round was a Series A of $5.53M, raised on Sep 2010.
TowneBank is involved in offering a wide range of financial services, including personal and business banking solutions. Services such as checking accounts, savings accounts, and lending options are provided across various sectors. Additionally, mortgage services, wealth management, and insurance products are made available to clients. The company operates in multiple regions, focusing on community involvement and tailored financial solutions for both individual and corporate needs.
TowneBank offers Personal Checking, Business Banking, Mortgage Services, and Wealth Management.
TowneBank has 1 investor. Key investors include TowneBank.
TowneBank operates through Townebank.
Yes. TowneBank was acquired by TowneBank in April 2017.