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TowneBank


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/1/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/1/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.townebank.com
757-638-7500
5716 High Street
Portsmouth, VA 23703

TowneBank is headquartered in PORTSMOUTH and is the 5th largest bank in the state of Virginia. It is also the 109th largest bank in the nation. It was established in 1999 and as of March of 2025, it had grown to 2,577 employees at 53 locations. TowneBank has an A+ health rating.

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Health
A+

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #35095
Year Established1999
Employees2577
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.16%
Return on Equity - YTD9.33%
Annual Interest Income$189.7MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$17.51B$16.88B
LoansQ1 2025vs Q1 2024$11.7B$11.48B
DepositsQ1 2025vs Q1 2024$14.76B$14.25B
Equity CapitalQ1 2025vs Q1 2024$2.2B$2.05B
Loan Loss AllowanceQ1 2025vs Q1 2024$126.1MM$125.8MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$6.6MM$7.4MM
Real Estate OwnedQ1 2025vs Q1 2024$235K$175K
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/1/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/1/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates

Sorry, we do not have rate data for TowneBank.

Locations

Availability



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