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.
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.
|FDIC Certificate #||35095|
|Return on Assets - YTD||1.1%|
|Return on Equity - YTD||9.69%|
|Annual Interest Income||$108.4MM|
|Assets and Liabilities|
|Assets||Q1 2022vs Q1 2021||$16.67B$15.08B|
|Loans||Q1 2022vs Q1 2021||$10.04B$10.20B|
|Deposits||Q1 2022vs Q1 2021||$13.92B$12.22B|
|Equity Capital||Q1 2022vs Q1 2021||$1.86B$1.80B|
|Loan Loss Allowance||Q1 2022vs Q1 2021||$103.8MM$116.1MM|
|Unbacked Noncurrent Loans||Q1 2022vs Q1 2021||$4.9MM$12.9MM|
|Real Estate Owned||Q1 2022vs Q1 2021||$446.00K$4.4MM|
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