Towne Bank is a full-service community bank headquartered in Portsmouth, Virginia. The company provides a comprehensive range of banking and financial services through its network of community offices across Hampton Roads, Southside Virginia and northeastern North Carolina. Its core offerings include personal and commercial deposit accounts, consumer and commercial lending, mortgage financing, treasury management and online banking solutions designed to meet the needs of individuals, small businesses and commercial clients.
In addition to traditional banking services, Towne Bank has built out complementary lines of business under its financial services umbrella. Towne Insurance Group offers property and casualty, life and health insurance products to individuals and businesses, while Towne Investment Group delivers wealth management, financial planning and trust services. The company also operates Towne Mortgage Company, which focuses on residential mortgage origination and servicing, and Towne Title, which provides title insurance and settlement services in its primary markets.
Since opening its doors in the late 1990s, Towne Bank has grown through a combination of organic expansion and strategic acquisitions, yet it maintains a community-oriented approach to banking. The company emphasizes local decision-making, personalized customer service and involvement in civic initiatives throughout its service areas. Under the leadership of John W. Forsee, President and Chief Executive Officer, Towne Bank continues to pursue opportunities to enhance its product suite and expand its footprint while retaining a focus on strong risk management and community engagement.
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