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Greenwich Associates Recognizes TowneBank with Excellence Awards

October 05, 2007


News Release
For more information contact:
G. Robert Aston, Chairman and CEO, 638-6780

David Brandt, Rubin Communications Group, 456-5212

Suffolk, Va.  Greenwich Associates, the premier consulting and research source for financial services worldwide, recently honored TowneBank with two awards of excellence in serving the small businesses market. The first award is for “Excellence in overall customer satisfaction at the regional level”, and the second is for “Excellence in cash management services at the regional level.” 

The awards of excellence were determined through telephone surveys, with over 22,000 interviews in 77 major markets.   This year, 582 firms were eligible to win an award. During the survey, respondents are asked to name the banks they use and to rate the quality of products and services their banks deliver.  Of the nearly 600 banks evaluated in the review process, TowneBank is one of only 44 banks selected and one of just 15 to repeat as winners.

As one of Virginia’s top community banks, TowneBank now operates 17 banking offices in Chesapeake, Hampton, Portsmouth, Newport News, Virginia Beach, Norfolk, Williamsburg and York County. Towne also offers a full range of financial services through its controlled divisions and subsidiaries that include Towne Investment Group, Towne Insurance Agency, TFA Benefits, TowneBank Mortgage, TowneBank Commercial Mortgage and GSH Residential Real Estate Corporation. Through its strategic partnership with William E. Wood and Associates the bank also offers mortgage services in 21 of Wood’s offices in Hampton Roads and Northeastern North Carolina. Local decision-making is a hallmark of its hometown banking strategy that is delivered through the leadership of each group’s President and Board of Directors.

With total assets of $2.46 billion as of June 30, 2007, TowneBank is the largest bank headquartered in Hampton Roads.

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