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Overview / Commentary
757-638-7500
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 127th largest bank in the nation. It was established in 1999 and as of March of 2018, it had grown to 2,471 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
A+

Health Grade Components

Overall
FDIC Certificate #35095
Year Established1999
Employees2471
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.03%
Return on Equity - YTD7.69%
Annual Interest Income$91.9MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$10.62B$8.17B
LoansQ1 2018vs Q1 2017$7.72B$6.08B
DepositsQ1 2018vs Q1 2017$7.88B$6.25B
Equity CapitalQ1 2018vs Q1 2017$1.44B$1.09B
Loan Loss AllowanceQ1 2018vs Q1 2017$46.7MM$43.2MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$5.5MM$12.4MM
Real Estate OwnedQ1 2018vs Q1 2017$23.9MM$24.2MM
Rates

Sorry, we do not have rate data for TowneBank.

Locations

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