Townebank
FDIC #35095
📍 Portsmouth, Virginia
Townebank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in April 8, 1999. With assets of $16.68 Billion, it operates 74 domestic branches.
Customer Reviews
3 ★
Based on 2 ratings
Write a Review
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★☆☆☆☆ Randy B
December 30, 2021
It's to much trouble trying to make a payment.[-] be trying to find another Bank to take [-] [-] for [-] [-] I just bought.
★★★★★ pamela o
November 15, 2021
5 [-]
Community Reinvestment Act (CRA) Rating
Latest Exam: September 1, 2023
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
September 1, 2023
Outstanding
May 1, 2020
Outstanding
April 1, 2017
Outstanding
🏛️ CFPB Complaint Summary
18
Total Complaints Filed (Last 3 Yrs)
Timely Response Rate100%
Dispute Rate0%
Top Complaint Categories:
- Checking or savings account 22%
- Credit reporting or other personal consumer reports 22%
- Credit reporting or other personal consumer reports 22%
💰 Financial Strength
Total Assets$16.68 Billion
Total Deposits$14.02 Billion
Equity Capital$1.97 Billion
Net Income$124.91 Million
📈 Performance
ROA1.00%
ROE8.55%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
EstablishedApril 8, 1999
FDIC Cert35095
Holding CoN/A
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeJanuary 18, 2023
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday9:00 AM - 5:00 PM
Tuesday9:00 AM - 5:00 PM
Wednesday9:00 AM - 5:00 PM
Thursday9:00 AM - 5:00 PM
Friday9:00 AM - 6:00 PM
SaturdayClosed
SundayClosed
📜 Institutional History
2023
Merger / Acquisition
Acquired: Farmers Bank
2023
Name Change
Name became: Changed Institution Name To Townebank.
2018
Merger / Acquisition
Acquired: Paragon Commercial Bank
2016
Merger / Acquisition
Acquired: Monarch Bank
2015
Merger / Acquisition
Acquired: Franklin Federal Savings Bank