TowneBank

Overview / Commentary

www.townebank.com

757-638-7500

5716 High Street
Portsmouth, VA 23703

TowneBank is headquartered in PORTSMOUTH and is the 5^th largest bank in the state of Virginia. It is also the 113^th largest bank in the nation. It was established in 1999 and as of June of 2024, it had grown to 2,660 employees at 53 locations. TowneBank has an A+ health rating.

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Health

A+

Data as of Q2 2024

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Health Grade Components

Overall
FDIC Certificate #	35095
Year Established	1999
Employees	2660
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.92%
Return on Equity - YTD	7.55%
Annual Interest Income	$382MM

Assets and Liabilities
Assets	Q2 2024vs Q2 2023	$17.07B$17.23B
Loans	Q2 2024vs Q2 2023	$11.53B$11.31B
Deposits	Q2 2024vs Q2 2023	$14.4B$13.91B
Equity Capital	Q2 2024vs Q2 2023	$2.07B$1.97B
Loan Loss Allowance	Q2 2024vs Q2 2023	$125.6MM$123.5MM
Unbacked Noncurrent Loans	Q2 2024vs Q2 2023	$7MM$7.2MM
Real Estate Owned	Q2 2024vs Q2 2023	$0$2MM

Rates

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

TowneBank CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.26%^*	$25k^*	$250k	5 Month CD
OTHER TIERS: 3.54% → $1k - $25k
4.11%	$250k	-	5 Month Jumbo CD
4.06%^*	$25k^*	$250k	13 Month CD
OTHER TIERS: 4.01% → $1k - $25k
4.01%	$250k	-	13 Month Jumbo CD
3.24%	$1k	$25k	19 Month One Time No Penalty CD

Locations

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Norfolk Area

Norfolk Area bank & credit union details

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