| Symbol | TOWN |
|---|---|
| Name | TOWNE BANK |
| Sector | FINANCE |
| Region | North America |
| Industry | Major Banks |
| Address | 5716 HIGH STREET, PORTSMOUTH, Virginia, 23703, United States |
| Telephone | +1 757 638-7500 |
| Fax | — |
| — | |
| Website | www.townebankonline.com |
| Incorporation | UNDEFINED |
| Incorporated On | — |
| Employees | — |
| Fiscal Year | — |
| Public Since | — |
| Exchanges | NASDAQ |
| Auditor | — |
| Audit Status | NOT PROVIDED |
| Reporting Status | — |
| CIK | — |
| Description | Towne Bank operates in Virginia and North Carolina. The company offers a diversified range of financial services through banking and nonbanking subsidiaries, and primarily serves the financial needs of individuals and small to medium-size businesses. The company has three reportable operating segments, which include banking, realty, and insurance. The banking segment provides traditional banking functions, along with commercial mortgage brokerage services and asset management services. The bank operates through a decentralized business model, while administrative decisions are made at the corporate level. The banks strategic plan emphasizes generating fee income, which still trails its net interest income. Most of the companys loan portfolio is in real estate loans. Additional info from NASDAQ: |
William A. Gwaltney, Jr. and John O. Wynne, Jr. Join the TowneBank Corporate Board of Directors
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