Overview / Commentary
5716 High Street
Portsmouth, VA 23703

TowneBank is headquartered in Portsmouth and is the 7th largest bank in the state of Virginia. It is also the 119th largest bank in the nation. It was established in 1999 and as of June of 2021, it had grown to 2,536 employees at 44 locations. TowneBank has an A+ health rating.

Reviews (1)

Great local bank

Posted by: |

Great local bank with good customer service. I was looking for a bank that had a strong footprint in the city and this bank fit the bill. I enjoy seeing the way that Towne Bank supports community initiatives and really make an effort to reach out to the locals and make them feel their business is appreciated. For this reason, I also have financed my car through the, I am really satisfied with all of the products they offer and will continue to bank with them in the future.


Health Grade Components

FDIC Certificate #35095
Year Established1999
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.65%
Return on Equity - YTD13.81%
Annual Interest Income$224.2MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$15.80B$15.58B
LoansQ2 2021vs Q2 2020$9.87B$10.32B
DepositsQ2 2021vs Q2 2020$13.08B$11.32B
Equity CapitalQ2 2021vs Q2 2020$1.85B$1.71B
Loan Loss AllowanceQ2 2021vs Q2 2020$108.1MM$90.5MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$12.8MM$17.4MM
Real Estate OwnedQ2 2021vs Q2 2020$3.9MM$12.1MM

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