As a hometown bank, our family members, directors, and employees are active volunteers, serving on numerous boards and donating their time and talents to many local organizations.
In fact, TowneBank is focused on the regions we serve: Hampton Roads, Northeastern North Carolina, Richmond and Central Virginia. Our deposits are reinvested back into the community in the form of loans, resulting in billions of dollars in new growth and development.
TowneBank has also received Outstanding Community Reinvestment Act (CRA) ratings with the FDIC since 2007. This rating is the highest rating a bank can receive, and demonstrates our commitment to investing in the community through small business and mortgage lending, charitable giving and volunteerism.
The TowneBank Foundation, a nonprofit organization formed by TowneBank in 2001, has provided charitable grants and donations to well over a hundred non-profit organizations throughout the community. With an annual contribution from TowneBank, and through fundraising events like the Foundation’s Annual Golf Tournament and an event known as The Fall Extravaganza, the Foundation is able to meet its mission statement of “seeking to enhance the quality of life in the communities we serve.”