TowneBank


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 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.

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
A+

Health Grade Components

Overall
FDIC Certificate #35095
Year Established1999
Employees2448
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.05%
Return on Equity - YTD8.56%
Annual Interest Income$460.4MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$14.63B$11.95B
LoansQ4 2020vs Q4 2019$10.05B$8.78B
DepositsQ4 2020vs Q4 2019$11.63B$9.33B
Equity CapitalQ4 2020vs Q4 2019$1.77B$1.64B
Loan Loss AllowanceQ4 2020vs Q4 2019$120.2MM$58.2MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$11.7MM$18.3MM
Real Estate OwnedQ4 2020vs Q4 2019$4.9MM$15.0MM
Rates

Sorry, we do not have rate data for TowneBank.

Locations

Availability



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