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 133rd largest bank in the nation. It was established in 1999 and as of December of 2018, it had grown to 2,174 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 - YTD1.28%
Return on Equity - YTD9.5%
Annual Interest Income$422.1MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$11.16B$8.52B
LoansQ4 2018vs Q4 2017$8.19B$6.22B
DepositsQ4 2018vs Q4 2017$8.41B$6.47B
Equity CapitalQ4 2018vs Q4 2017$1.53B$1.13B
Loan Loss AllowanceQ4 2018vs Q4 2017$52.1MM$45.1MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$6.2MM$5.6MM
Real Estate OwnedQ4 2018vs Q4 2017$19.4MM$23.2MM

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