 | |
| Company type | Public company |
|---|---|
| Nasdaq: TOWN Russell 3000 component | |
| Industry | Financial services |
| Founded | September 3, 1998 (1998-09-03) |
| Headquarters | Suffolk, Virginia, U.S. |
Number of locations | 44 branches |
Key people | Bob Aston, chairman Billy Foster, president and chief executive officer |
| Products | Banking, investments |
| Revenue |  $686.935 million (2022) |
 $188.987 million (2022) | |
| Total assets | $15.845 billion (2022) |
| Total equity | $1.889 billion (2022) |
Number of employees | 2,766 (2022) |
| Website | www.townebank.com |
| Footnotes / references [1] | |
TowneBank is a bank headquartered in Suffolk, Virginia with 44 branches in Virginia and North Carolina. They have owned the naming rights to TowneBank Stadium and TowneBank Tower press box facility at Dowdy–Ficklen Stadium since 2019.[2]
While remaining headquartered in Suffolk, their financial services wing, which includes mortgage, insurance, and benefits, operates out of the TowneBank Tower in Downtown Norfolk, Virginia.[3]
On August 19, 2025, TowneBank announced plans to acquire Dogwood State Bank, a Raleigh-based community bank, in an all-stock transaction valued at $476.2 million.[4] As of June 30, 2025, Dogwood State Bank had $2.4 billion in assets and operated 17 branches in North Carolina, South Carolina, and Tennessee.[4][5] The deal requires regulatory approval and is expected to close in 2026.[4][5]
References
- ^ "TowneBank 2022 Annual Report" (PDF). TowneBank. Retrieved March 23, 2023.
- ^ "Christopher Newport University announces new football stadium name". 13 News Now. August 16, 2019. Retrieved March 23, 2023.
- ^ "TowneBank and CHKD buy Norfolk Southern building in downtown Norfolk". WAVY.com. 2020-06-24. Retrieved 2023-06-15.
- ^ a b c Ohnesorge, Lauren (19 August 2025). "Raleigh bank to be acquired, creating $22B institution". Triangle Business Journal. American City Business Journals. Retrieved 19 August 2025.
- ^ a b Mildenberg, David (19 August 2025). "TowneBank buying Raleigh's Dogwood for $476M". Business North Carolina. Retrieved 19 August 2025.
External links
- Website
 | This United States bank–related article is a stub. You can help Wikipedia by adding missing information. |
