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 132nd largest bank in the nation. It was established in 1999 and as of September of 2018, it had grown to 2,950 employees at 41 locations. TowneBank has an A+ health rating.

Reviews (1)

Great local bank

Posted by: Howelynne | Dec 1, 2017

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 - YTD1.27%
Return on Equity - YTD9.45%
Annual Interest Income$307.8MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$11.12B$8.61B
LoansQ3 2018vs Q3 2017$8.16B$6.18B
DepositsQ3 2018vs Q3 2017$8.33B$6.58B
Equity CapitalQ3 2018vs Q3 2017$1.49B$1.13B
Loan Loss AllowanceQ3 2018vs Q3 2017$50.2MM$44.4MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$8.1MM$9.1MM
Real Estate OwnedQ3 2018vs Q3 2017$20.3MM$25.0MM

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