TowneBank is headquartered in Portsmouth and is the 7th largest bank in the state of Virginia. It is also the 122nd largest bank in the nation. It was established in 1999 and as of December of 2020, it had grown to 2,448 employees at 44 locations. TowneBank has an A+ health rating.
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.
|FDIC Certificate #||35095|
|Return on Assets - YTD||1.05%|
|Return on Equity - YTD||8.56%|
|Annual Interest Income||$460.4MM|
|Assets and Liabilities|
|Assets||Q4 2020vs Q4 2019||$14.63B$11.95B|
|Loans||Q4 2020vs Q4 2019||$10.05B$8.78B|
|Deposits||Q4 2020vs Q4 2019||$11.63B$9.33B|
|Equity Capital||Q4 2020vs Q4 2019||$1.77B$1.64B|
|Loan Loss Allowance||Q4 2020vs Q4 2019||$120.2MM$58.2MM|
|Unbacked Noncurrent Loans||Q4 2020vs Q4 2019||$11.7MM$18.3MM|
|Real Estate Owned||Q4 2020vs Q4 2019||$4.9MM$15.0MM|
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