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TowneBank

Mission statement:

TowneBank will be a relationship and friendship driven local bank focused on basic human values that will serve to create a warm sense of belonging and financial well-being among our family of members.

We will offer a competitive array of business and personal financial services, delivered with only the highest ethical standards. Our commitment to exquisite service for our members will lead to our ability to create a reasonable rate of return for our shareholders, a bright future for our dedicated bankers, and a leadership role for our bank in promoting the social, cultural, and economic well-being of our community.

History:

From humble beginnings in a two-car garage in Portsmouth, Virginia, TowneBank has evolved to become one of the fastest growing new banks ever chartered in the Commonwealth of Virginia. On April 8, 1999 TowneBank opened three offices with start-up capital from over 4,000 shareholders. TowneBank achieved profitability in just eleven short months, and we continue to grow and invest in our hometown communities.

Today, TowneBank offers a full array of financial services from the oceanfront of Virginia Beach, to the Outer Banks of North Carolina, to Williamsburg, Richmond, and Central Virginia. The best part? Towne Family members enjoy the finest personal service delivered with a great hometown spirit. With 37 banking offices and $8.52 billion in assets, we have become one of the largest banks headquartered in Virginia. But we’ve never lost sight of our roots. Local decision-making; community board leadership; volunteerism, philanthropy, and a culture of caring – it’s all part of the Towne experience. We hope you’ll visit with us soon and learn what hometown banking is all about.

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Ascent Limited

Experience The Difference. Ascent Limited provides first class wealth management and family office services. Our private banking team, assembled from a group of highly experienced banking professionals, will provide financial advice tailored to your individual requirements and keep your portfolio in tune with the latest market developments and opportunities.

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