Towne Bancorp, Inc., traded under the symbol TWNE on the OTC Markets, is the bank holding company for TowneBank, a regional financial services organization headquartered in Portsmouth, Virginia. Founded in 2001, the company was established to serve the banking needs of individuals and businesses across coastal and central regions of Virginia and northeastern North Carolina. Towne Bancorp operates under a mutual holding company structure, with a focus on delivering relationship-driven banking solutions through a network of full-service branches and digital channels.
Through its primary subsidiary, TowneBank, Towne Bancorp offers a broad range of financial products and services for personal, commercial and municipal clients. Retail banking services include checking and savings accounts, certificates of deposit and consumer loans, while commercial banking capabilities encompass commercial real estate financing, asset-based lending and business lines of credit. The company also provides residential mortgage lending and home equity products designed to meet the needs of homebuyers and homeowners.
In addition to traditional banking, Towne Bancorp delivers trust and wealth management services, including investment advisory, fiduciary administration and estate planning support. These offerings are complemented by treasury management solutions such as cash‐flow optimization, merchant services and online account connectivity tools. Towne Bancorp’s leadership team comprises seasoned executives with deep experience in regional banking, risk management and community development, reflecting the company’s commitment to local relationships and economic growth.
Towne Bancorp maintains a community-oriented approach, supporting local businesses, nonprofit organizations and housing initiatives throughout its Virginia and North Carolina markets. By combining personalized service at its branch locations with a suite of digital banking capabilities, the company seeks to balance traditional trust-based relationships with the efficiency of modern financial technology.
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