BranchWatch

TowneBank

Headquartered in Portsmouth, VA. FDIC certificate #35095 · Federal Reserve RSSD 2797724.

Total assets
$22.4B
Deposits
$18.6B
Q1 2026
Active branches
81
Closings since Jan 2020
22
8 openings since Jan 2020
All locations →Quarterly financials →

Financial snapshot — Q1 2026

All quarters →
Net income (quarter)
$41M
Return on assets
0.78%
Return on equity
6.17%
Noncurrent loan rate
0.23%

Deposits by year (Summary of Deposits)

9
2019
11
2020
13
2021
14
2022
14
2023
14
2024
15
2025

Values in $ billions, June 30 of each year.

Closings by year

1
2020
1
2021
3
2023
1
2024
2
2025
14
2026

Openings by year

1
2020
1
2021
1
2022
2
2023
2
2024
1
2026

Other network changes since 2020

  • 6 branch relocations
  • 51 branches acquired through purchases or mergers
  • November 15, 2022: legal name changed from “Towne Bank” to “TowneBank”

Branches by state

Virginia 48North Carolina 24South Carolina 8Tennessee 1

Recent closings

All figures transcribed from FDIC BankFind Suite records: structure-change history, quarterly financial reports and the annual Summary of Deposits · bank site: www.townebank.com.