Towne BankTowne BankTowne Bank

Towne Bank

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TOWN fundamentals

Key facts

Market capitalization
Founded
CEO
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About

TowneBank engages in the provision of retail and commercial banking services to individuals and small and medium size businesses. It operates through the following segments: Banking, Realty, and Insurance. The Banking segment offers loan and deposit services to retail and commercial customers. The Realty segment focuses on the provision of residential real estate services and originations of a variety of mortgage loans. The Insurance segment includes the provision of full-service commercial and retail insurance, employee benefit services, and travel insurance. The company was founded by R. Scott Morgan on September 3, 1998 and is headquartered in Portsmouth, VA.

Valuation

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Summary
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Growth and Profitability

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Dividends

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No dividends
TOWN has never paid dividends and has no current plans to do so.

Financial health

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