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TowneBank's Shareholders' Meeting is All About Sharing

May 23, 2012

The Community Free Clinic of Newport News received donations from the Shareholders' meeting. The Community Free Clinic provides free medical care to thousands of disadvantaged individuals.

Suffolk, Va. – For the third consecutive year, the centerpieces at the TowneBank Shareholders’ meeting, held on May 23 at the Virginia Beach Convention Center, included items donated to local charities. Immediately following the event, TowneBank representatives visited charities in each of the regions it serves to deliver baskets overflowing with school supplies, personal care items, first aid kits and more.

The recipient organizations included:

  • The Dwelling Place – Norfolk
  • The Community Free Clinic – Newport News
  • Outer Banks Hotline – TowneBank of Currituck
  • People in Need (PIN) – Virginia Beach
  • Lackey Free Clinic – Williamsburg
  • Children’s Harbor – Portsmouth
  • Hearts of Compassion Partnership – Chesapeake

In addition, a TowneBank Business Beetle, normally used for courier services, was filled with food that was donated to Food for Thought in Dare County, NC.

The Shareholders’ meeting also featured a video detailing TowneBank’s outreach to the community.  Since the bank’s founding, TowneBank and the TowneBank Foundation have given more than $20 million to local charities and organizations seeking to improve the quality of life in the areas TowneBank serves.
 
“When our shareholders come together at our annual meeting, it’s a great time to share the story of our accomplishments, and also to showcase the Towne Family spirit,” said TowneBank Chairman and CEO Bob Aston. “Together, we are building a great community asset here in Hampton Roads and northeastern North Carolina. Our thanks goes out to our loyal shareholders, members, directors, and employees.”  
           
As one of the top community banks in Virginia and North Carolina, TowneBank operates 26 banking offices serving Chesapeake, Hampton, Newport News, Norfolk, Portsmouth, Suffolk, Virginia Beach, Williamsburg, James City County and York County in Virginia along with Moyock, Grandy, Camden, Southern Shores, Corolla and Kill Devil Hills in North Carolina. 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, Prudential Towne Realty, Towne 1031 Exchange, LLC, and Corolla Classic Vacations. Through its strategic partnership with William E. Wood and Associates, the bank also offers mortgage services in all of their 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.
 
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