Headquartered in Portsmouth, VA Fiscal year ends December NASDAQ: TOWN townebank.com
TowneBank, based in Portsmouth, Virginia, offers a wide range of financial services including retail and commercial banking, real estate, and insurance. With a focus on serving individuals, businesses, and professionals, the bank provides various deposit accounts, personal and commercial loans, mortgage loans, and more. Additionally, TowneBank delivers treasury management, online and mobile banking, investment and asset management, and financial planning services. It also specializes in residential real estate services, property management, and offers insurance products. Founded in 1998, TowneBank operates in Virginia and North Carolina, emphasizing community-oriented banking solutions.
TowneBank is sending shareholders the biggest check of the day, $25.9 million at 28 cents a share, with the money landing October 9. Four other companies are paying out too, including Seanergy Maritime at 35 cents a share.
TowneBank, based in Portsmouth, Virginia, offers a wide range of financial services including retail and commercial banking, real estate, and insurance.
The Wall Street consensus 12-month price target for TOWN is $39.75.