Craft

TowneBank

Stock Price

$32.6

2024-10-29

Market Capitalization

$2.4 B

2024-10-29

Revenue

$1 B

FY, 2024

TowneBank Summary

Company Summary

Overview
TowneBank provides retail and commercial banking services and products to individuals, small and medium size businesses, and professionals. The Bank provides loan and deposit services, residential real estate services, originations of a range of mortgage loans, resort property management, and residential and commercial title insurance. TowneBank also offers checking accounts, cards, savings, money markets and certificate of deposits, mobile banking, financial management software, private banking and switch kit. 
Type
Public
Status
Active
Founded
1999
HQ
Portsmouth, VA, US | view all locations
Website
https://www.townebank.com/
Cybersecurity rating
ESG rating
40-49 out of 100|View all ESG data
Sectors

Key People

  • Jeffrey F. Benson, Chairman of the Board

    • J. Morgan Davis, President, Chief Executive Officer & Director

      LocationsView all

      27 locations detected

      • Portsmouth, VA HQ

        United States

        5716 High St W

      • Chesapeake, VA

        United States

      • Fairfax, VA

        United States

      • Fairfax, VA

        United States

      • Glen Allen, VA

        United States

      • Glen Allen, VA

        United States

      and 21 others

      TowneBank Financials

      Summary Financials

      Revenue (Q2, 2025)
      $277.9M
      Gross profit (Q2, 2025)
      $207.4M
      Net income (Q2, 2025)
      $39.3M
      Cash (Q2, 2025)
      $1.1B
      Enterprise value
      $1.6B

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