Towne Bank (NASDAQ:TOWN)

19.13
Delayed Data
As of Aug 07
 +0.85 / +4.65%
Today’s Change
15.03
Today|||52-Week Range
29.02
-31.24%
Year-to-Date
SECTOR
Finance
INDUSTRY
Regional Banks
MARKET CAP
$1.4B

Company Description

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.

Contact Information

TowneBank
5716 High Street
Portsmouth Virginia 23703-4502
P:(757) 638-7500
Investor Relations:
(757) 638-6813

Employees

Shareholders

Mutual fund holders32.41%
Other institutional16.39%
Individual stakeholders--

Top Executives

J. Morgan DavisPresident, Chief Executive Officer & Director
Brad E. SchwartzCOO, Director & Senior Executive Vice President
William B. LittrealCFO, Chief Strategy & Investor Relations Officer
Keith D. HortonChief Facilities Officer & Senior Executive VP
Philip M. RudisillChief Credit Officer & Senior Executive VP