By now, most folks have heard the story. The tale of a community bank, with a vibrant community spirit, founded in Hampton Roads, that achieved profitability in just eleven short months. A community bank that opened three offices in three cities on the same day in April 1999. A community bank that raised over $49 million in start-up capital from over 4,000 shareholders. It’s an amazing story, and it’s all true.
To this day, TowneBank enjoys a reputation as the most successful new bank ever chartered in Virginia. The bank has grown from humble beginnings to a thirty six branch network with over $4.97 billion in assets. Spreading the Towne family spirit from Virginia Beach to Richmond and Northeastern North Carolina, the bank now offers a full array of financial services, including insurance, investments, mortgage, title insurance, real estate services, employee benefits and more.
TowneBank’s community spirit is at the core of its guiding principles. Since the bank's founding, TowneBank and the TowneBank Foundation together have provided more than $27 million in donations, sponsorships, and grants to local charities.
As you explore our website, you’ll discover links to TowneBank Mortgage, Towne Insurance, Towne Investment Group, TFA Benefits, Berkshire Hathaway HomeServices Towne Realty, Beach Properties of Hilton Head and more. They are all a part of our Towne Family. And they are all totally dedicated to you!
“When we formed TowneBank in 1999, we knew we wanted to get back to the basics,” says Chairman and CEO, Bob Aston. “To us, it’s all about friendships and relationships. Every loan we make benefits our community. Every dollar we contribute serves the families and children in our hometown. Together, we are building a great community asset. It is a terrific feeling to be a part of a team that is so giving, in both volunteer time and dollars, our communities such a great place to live. We are proud to be such a special part of our hometown.”