TowneBank - Company Profile
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Business Description
TowneBank (TB) is a provider of personal and business banking, insurance, wealth management, and investment solutions catering to individuals, businesses, high net worth individuals, and wealthy family clients in Virginia and North Carolina. As of December 31, 2025, it had assets of US$19,687.3 million, net loans of US$13,188.5 million, and deposits of US$16,509.1 million. The bank operates a network of branch offices in Virginia, South Carolina, and North Carolina.
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Business Segments
Overview
Provides loan and deposit services to retail and commercial customers, along with commercial mortgage brokerage and investment and asset management services.
Performance
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Overview
Provides solutions for businesses, individuals, and community organizations. It offers a wide array of insurance products, including property, casualty, life, and health insurance, working with various carriers as an independent agency.
Performance
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Overview
Provides originations of various mortgage loans, primarily serving the secondary market through purchase commitments from investors.
Performance
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Overview
Provides residential resort property management services in multiple resort locations. Sold in April 2026.
Performance
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