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.
- Headquarter Raleigh, United States
- Stage Public
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Sectors
Financial Services
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Phone
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- Legal Name Townebank
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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.
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.
Investors in TowneBank
TowneBank has secured backing from 1 investor. Prominent investors backing the company include TowneBank.
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Commercial banking services are provided to businesses and individuals.
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Investor details for TowneBank
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Investments & Acquisitions by TowneBank
Investment portfolio details for TowneBank
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Financial Statements - TowneBank
Detailed financials for TowneBank
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Townebank Comparisons
Peer comparison for TowneBank
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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.
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Wealth advisory and banking services are offered to clients.
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Diversified financial services are offered through commercial banking operations.
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Detailed competitors of TowneBank
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Latest news on Townebank
Complete news archive for TowneBank
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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.
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.