Business Checking, Savings, & Money Market Account Changes
With awards of excellence for business banking and treasury services, TowneBank offers a robust line of products and services to meet your unique needs. Whether your business is large or small, we have the perfect package of financial services to assist in your company’s success. We have taken the utmost care to select TowneBank products that align closely with the account(s) you hold at Village Bank. Please review the chart below that highlights your new business account.
Checking Accounts
| If you have this Village Bank Checking Account... | This will be your checking account at TowneBank. |
|---|---|
| Village Business Checking* | Value Classic |
| Village Non-Profit Checking** | Community Partner Checking |
| Village 4 Business Checking*** | Value Classic Plus |
| Village Commercial Analysis | Value Solutions |
*Value Classic has a $20 maintenance fee if the $3,000 minimum daily balance requirement is not met. TowneBank will waive this maintenance fee for Village Bank account holders until June 2026. Enjoy 150 processed items per month, with $.50 charged for each item over 150 and $10,000 cash-in processed per statement, with $.30 charged for each additional $100 cash-in processed.
**Community Partner Checking account for nonprofits provides unlimited check writing with no minimum balance requirements, no monthly maintenance fee, and no 'per item' deposit or debit fees. Interest will be paid on balances of $3,000 or more.
***Value Classic Plus has a $30 maintenance fee if the $15,000 average daily balance requirement is not met. We are waiving the maintenance fee for Village Bank accountholders through June 2026. Enjoy 500 processed items per month, with $.50 charged for each item over 500 and $10,000 cash-in processed per statement, with $.30 charged for each additional $100 cash-in processed.
Savings & Money Market Accounts
| If you have this Village Bank Savings or Money Market Account... | This will be your savings or money market account at TowneBank. |
|---|---|
| Village Business Savings* | Cashflow Saver |
| Village Business Money Market** | Cashflow Market Master |
*The Cashflow Saver account has a $6 monthly maintenance fee if a $300 balance isn't maintained.
**Cashflow Market Master is an interest-bearing account that has a $20 monthly maintenance fee if the minimum balance requirements are not met. TowneBank will waive the maintenance fee for all Village Bank accountholders through June 2026.
Changes to Consumer & Commercial Accounts
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account fee
$10 Transfer Fee
Removal of $10.00 automatic transfer fee for overdraft protection. -
nsf fee
$60 NSF Fee
Removal of $60.00 NSF/uncollected fee on bill payment. -
debit card
ATM/Debit Card
No fees for ATM/Debit card overdrafts.
Frequently Asked Questions
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Great news! Most personal and business checking, money market, and savings account numbers will remain unchanged.
For accounts with new numbers, your banker will contact you. Your new account numbers will also be available in online banking. For your convenience, we will be able to reference your former account number at any time. -
You can continue to use your Village Bank checks, deposit tickets, and money market documents through December 31, 2025. For your convenience, we will provide a $125 credit toward your first order of NEW business checks and complimentary money market documents with the TowneBank routing number and your account number. Ask your banker for details.
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On April 1, 2025, Village Bank became a division of TowneBank, and the two banks became a single deposit institution under the FDIC. To provide a grace period for depositors, the FDIC permits separate insurance coverage for six months following mergers. After that time, deposits held under each trade name - Village Bank and TowneBank - will not be separately insured but will be combined to determine whether a depositor has exceeded the $250,000 federal deposit insurance limit. Talk to your banker about coverage if you have deposits at Village Bank and TowneBank.
You can view detailed information about the FDIC changes here. -
Yes. If you have any automatic debits tied to your Village Bank Debit Card (like gym memberships, toll passes, etc.) it's important that you provide your NEW TowneBank Debit Card number to these specific merchants so that your payments will continue as before.
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All Village Bank customers will transition to the TowneBank Business Online Banking system on June 9, 2025. However, we will have a preview period that will begin on May 27, 2025 that will allow your company admins to explore the TowneBank Business Online Banking system and set up users before June 9.
Visit our Business Online Banking page for more information about this transition. -
If you use the Village Bank mobile banking app, for either business or personal account access, the app will be unavailable as of 3:00 PM on Friday, June 6. We recommend that you download the TowneBank Mobile App you need to access your account on Monday, June 9.
Find more information about our mobile banking apps here: