MARKET COMPOSITE
TOWN - Townebank Portsmouth VA7:59:54 PM 4/19/2024
Price
$26.98
+ 0.81 (3.10%)
TowneBank provides retail and commercial banking services for individuals, professionals, and commercial enterprises. The company operates in three segments: Banking, Realty, and Insurance. It accepts various deposits products, including demand deposits, savings accounts, money rate savings, certificates of deposit, and individual retirement accounts. The company also offers secured and unsecured personal loans for financing automobiles, home improvements, education, and personal investments; commercial loans for working capital, business expansion, and equipment and machinery purchases; and mortgage loans, as well as real estate acquisition, development, and construction loans. In addition, it provides other services, such as safe deposit boxes, treasury management services, direct deposit of payroll and social security checks, and automatic drafts for various accounts, as well as online, mobile, and on-call banking services. Further, the company offers documentation services to accomplish tax deferral to investors; investment and asset management services; commercial mortgage brokerage services; and other financial services, such as financial, retirement, and estate planning services, as well as assistance on various investment options, such as alternative investments, annuities, margin accounts, convertible bonds, and pension and profit sharing plans. Additionally, it provides residential real estate, relocation, property management, vacations rental, and title and settlement services; and originates residential mortgage loans. The company offers life, property, casualty, travel, and vehicle insurance services; medical, and baggage protection insurance for travelers; and employee benefit programs, such as health, dental, vision, and disability insurance. It operates 42 banking offices in Virginia and North Carolina. TowneBank was founded in 1998 and is headquartered in Portsmouth, Virginia.
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Stock news

    TowneBank (TOWN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

    Key Insights Significantly high institutional ownership implies TowneBank's stock price is sensitive to their trading...

    SUFFOLK, Va., March 27, 2024 (GLOBE NEWSWIRE) -- TowneBank (Nasdaq: TOWN) announced today that two long-serving members of its Board of Directors, Jacqueline B. Amato and Bradford L. Cherry, will step down from the Board and move to Emeritus status following the 2024 Annual Meeting of Shareholders. Cherry is a founding director of TowneBank, having served as a director since TowneBank’s opening in 1999. Amato joined TowneBank in 2000 to lead its successful entry into the residential mortgage len

    TowneBank (TOWN) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

    Sachin Shetty New Corporate Director TowneBank SUFFOLK, Va., March 05, 2024 (GLOBE NEWSWIRE) -- TowneBank (Nasdaq: TOWN) is pleased to announce that TowneBank has appointed Sachin Shetty, Ph.D., to its Board of Directors. Dr. Shetty is an Executive Director for the Center for Secure and Intelligent Critical Systems and Professor with the Electrical and Computer Engineering Department at Old Dominion University, where he leads a research team focused on developing and integrating secure and intel

    SUFFOLK, Va., Feb. 28, 2024 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that its Board of Directors declared its first-quarter shareholder cash dividend of $0.25 per common share payable on April 12, 2024, to shareholders of record on March 29, 2024. The amount and declaration of future cash dividends are subject to Board of Directors’ approval in addition to regulatory restrictions. About TowneBank:Founded in 1999, TowneBank is a company built on relationshi

    Usually, when one insider buys stock, it might not be a monumental event. But when multiple insiders are buying like...

    While the top- and bottom-line numbers for TowneBank (TOWN) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

    SUFFOLK, Va., Jan. 24, 2024 (GLOBE NEWSWIRE) -- TowneBank (the "Company" or "Towne") (Nasdaq: TOWN) today reported financial results for the full year and fourth quarter ended December 31, 2023. For the year ended December 31, 2023, earnings were $153.72 million, or $2.06 per diluted share, compared to $188.99 million, or $2.60 per diluted share, for the year ended December 31, 2022. Excluding acquisition-related items, an FDIC special assessment, and certain notable items, adjusted earnings (no

    By buying an index fund, investors can approximate the average market return. But if you buy good businesses at...