# TowneBank

> TowneBank is a publicly traded regional bank serving households, businesses and institutions, with more than 70 banking offices across Virginia and the Carolinas. Its model pairs local bankers with lending, treasury services and affiliated mortgage, insurance, wealth and real estate businesses. Assets stood at $22.6 billion on June 30, 2026.

- **Founded:** 1999
- **Headquarters:** Portsmouth, United States
- **Founders:** G. Robert Aston Jr. (Founder and Executive Chairman)
- **Products:** Personal banking, Business banking and treasury services, Industry banking, TowneBank Mortgage, Towne Insurance and Towne Benefits
- **Notable:** Opened three offices on April 8, 1999., Listed on Nasdaq in 2007., Completed Village and Old Point acquisitions in 2025.

## Products & services

- **Personal banking** — Checking, savings, consumer borrowing, online and mobile banking.
- **Business banking and treasury services** — Business deposits, credit, cash management, payments and fraud protection.
- **Industry banking** — Specialist bankers for construction, real estate, healthcare, government contractors, nonprofits and other industries.
- **TowneBank Mortgage** — Home purchase, construction, renovation and refinance lending.
- **Towne Insurance and Towne Benefits** — Insurance brokerage and employee benefit services.
- **Towne Wealth Management** — Financial planning and investment services through Raymond James financial advisors.
- **RW Towne Realty** — Residential real estate brokerage affiliated with Berkshire Hathaway HomeServices.
- **Towne 1031 Exchange** — Qualified intermediary services for tax-deferred property exchanges nationwide.
- **Towne Trust Company, N.A.** — Trust and fiduciary services.
- **TowneBank Commercial Mortgage** — Commercial real estate financing with access to capital markets.

## Achievements

- Opened three offices on April 8, 1999.
- Listed on Nasdaq in 2007.
- Completed Village and Old Point acquisitions in 2025.
- Completed Dogwood State Bank merger on January 12, 2026.
- Reported $169.53 million in net earnings for 2025.
- Reported $22.6 billion in assets at June 30, 2026.
- Received an Ultimate Innovator honorable mention in the 2025 Talkdesk CX Innovators Awards.

## Latest updates

- **2026-10** — Announced proposed blueharbor acquisition for approximately $154 million on October 6; expected Q1 2027 closing, subject to approvals.
- **2026-09** — Matthew Scott became Richmond regional president effective September 1.
- **2026-01** — Dogwood merger completed January 12; systems conversion scheduled for November 2026.

## Links

- Website: https://www.townebank.com/
- LinkedIn: https://www.linkedin.com/company/townebank/
- Twitter/X: https://twitter.com/TowneBanking
- YouTube: https://www.youtube.com/@townebank
- Facebook: https://www.facebook.com/TowneBank/

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Profile page: https://yespress.io/townebank
Published by YesPress — https://yespress.io
Last updated: 2026-10-22