TowneBank

TOWNNASDAQ NMS - GLOBAL MARKET

TowneBank engages in the provision of retail and commercial banking services to individuals and small and medium size businesses. The company is headquartered in Portsmouth, Virginia and currently employs 2,720 full-time employees. The firm's segments include Banking, Mortgage, Resort Vacation Management, and Insurance. The firm's Banking segment provides loan and deposit services to retail and commercial customers and also provides a variety of investment and asset management services. Its personal banking services include personal checking, personal lending and personal savings. Its business banking services include business checking, and online banking & treasury services. Its Mortgage segment provides originations of a variety of mortgage loans. The firm's Resort Vacation Management segment provides vacation rentals of distinctive resort properties. Its Insurance segment provides a full line of commercial and consumer insurance products and financial services, as well as employee benefit services. The firm operates banking offices throughout Hampton Roads and Central Virginia, as well as Northeastern and Central North Carolina.

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