Overview / Commentary
5716 High Street
Portsmouth, VA 23703

TowneBank is headquartered in Portsmouth and is the 6th largest bank in the state of Virginia. It is also the 116th largest bank in the nation. It was established in 1999 and as of March of 2022, it had grown to 2,668 employees at 45 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 Grade Components

FDIC Certificate #35095
Year Established1999
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.1%
Return on Equity - YTD9.69%
Annual Interest Income$108.4MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$16.67B$15.08B
LoansQ1 2022vs Q1 2021$10.04B$10.20B
DepositsQ1 2022vs Q1 2021$13.92B$12.22B
Equity CapitalQ1 2022vs Q1 2021$1.86B$1.80B
Loan Loss AllowanceQ1 2022vs Q1 2021$103.8MM$116.1MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$4.9MM$12.9MM
Real Estate OwnedQ1 2022vs Q1 2021$446.00K$4.4MM

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