Personal Checking, Savings, & Money Market Account Changes
TowneBank offers an exciting array of personal checking, money market, and savings accounts to meet your financial needs and goals. We have taken great care in selecting TowneBank accounts that align closely with the account(s) you hold at Village Bank. Please review the chart below that shows your new account name at TowneBank.
Checking Accounts
| If you have one of these Village Bank checking accounts... | This will be your checking account at TowneBank... |
|---|---|
| Village Checking* @Work Regular Checking* | Towne Classic |
| Village Interest Checking** Village Platinum Checking** Village eRewards Plus Checking** Village Silver Checking** @Work Advantage Checking** | Towne Gold |
*While Towne Classic has a $12 monthly maintenance fee if the minimum daily balance requirements are not met, we are waiving the maintenance fee for Village Bank accountholders through June 2026. You can avoid the $12 maintenance fee by having a minimum $1,500 daily balance. We also will waive the monthly maintenance fee if you maintain a $2,500 average balance or combined $10,000 minimum daily balances with this account and other TowneBank checking, savings, money market, and CD accounts in your name. At all times, we waive the maintenance fee for primary accountholders age 62 or better, and by request for full-time students whose parents have an account at TowneBank.
**Towne Gold is an interest-bearing account for members who maintain higher balances in their checking account and would like to earn interest. Interest compounds daily. While this account has a $15 monthly maintenance fee if the minimum balance requirements are not met, we are waiving the maintenance fee for Village Bank account holders through June 2026. You can avoid the maintenance fee by having a $2,500 minimum daily balance, a $5,000 average balance, or $20,000 combined minimum daily balances with this account and other TowneBank checking, savings, money market, and CD accounts in your name.
Savings & Money Market Accounts
| If you have one of these Village Bank savings or money market accounts... | This will be your savings or money market account at TowneBank. |
|---|---|
| Village Personal Savings*** | Towne Saver |
| Village Personal Money Market^ Village Platinum Money Market^ | Towne Market Master |
| Village Kids Club^^ | Kids Count Club |
***Maintain a $300 balance to avoid a $6 monthly maintenance fee. At all times, we waive the maintenance fee for primary accountholders age 62 or better, and by request for full-time students whose parents have an account at TowneBank. Interest compounds daily.
^Towne Market Master is an interest-bearing account with a range of tiers for all levels of investors. Interest compounds daily. While this account has a $20 monthly maintenance fee if the minimum balance requirements are not met, we are waiving the maintenance fee for Village Bank accountholders through June 2026. After June 2026, you can avoid the maintenance fee by maintaining a minimum daily balance of $10,000.
^^A great account for young savers under the age of eighteen, this savings account has no minimum daily balance requirement and no monthly maintenance fee.
Changes to Consumer & Commercial Accounts
Changes to Consumer Accounts Only
Frequently Asked Questions
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Your automatic drafts will continue without interruption. In the months following the conversion, we do ask that you review your account activity regularly to ensure that all payments occur as anticipated. We also encourage you to check with your service provider to ensure that the necessary changes have been made. If you are asked to confirm the TowneBank routing number, it is 051408949.
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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. -
You may continue to use your Village Bank Debit Card through Sunday, June 8. You should be able to make ATM withdrawals and Debit Card purchases as normal; however, over the weekend of June 6-8, balance information at the ATMs may not be available. Please note that daily limits from June 6-8 are $510.00 for ATM withdrawals and $1,500.00 for point-of-sale purchases.
As early as May 29, you should receive your NEW TowneBank Debit Card. Please wait to activate and use your new card until Monday, June 9. Your new TowneBank Debit Card will have the same PIN (personal identification number) as the card it is replacing. If you need a PIN reminder for any account, please contact your banker or Towne Member Care at 844-638-6714 on or after June 9. -
You may continue using your Village Bank checks, deposit tickets, and money market documents through December 31,2025. Please know that your existing Village checks will continue to be accepted any place you do business.
When you are ready to place your order for TowneBank checks, we recommend that you contact your banker first. If an outside vendor supplies your checks, please ask your banker for a 'Specification Document' that will provide all the details your check printer needs to know to process the order correctly. The printed Member Information Guide mailed to all Village Bank members includes a form you can complete for your first, free order of NEW custom TowneBank personal checks. -
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. For your convenience, we will be able to reference your former account number at any time.
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Yes, you will begin to log into online banking systems at TowneBank beginning on Monday, June 9, 2025. We will share information about what to expect by email prior to that date.