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Towne Bank(TOWN)

Description: TowneBank, through its subsidiaries, provides retail and commercial banking products and services in the Greater Hampton Roads region in southeastern Virginia. The company operates in three segments: Banking, Realty, and Insurance. The Banking segment provides various deposits products, including checking accounts, demand deposits, negotiable order of withdrawal accounts, savings accounts, money rate savings, certificates of deposit, and individual retirement accounts; personal loans, including secured and unsecured loans for financing automobiles, home improvements, education, and personal investments; commercial loans comprising secured and unsecured loans for working capital, business expansion, and equipment and machinery purchases; and fixed- and floating-rate mortgage loans, as well as real estate construction and acquisition loans. This segment also provides safe deposit boxes, cash management services, travelers' checks, direct deposit of payroll and social security checks, and automatic drafts for various accounts, as well as Internet and on-call banking services. In addition, it offers documentation to accomplish tax deferral to investors; and financial, retirement, and estate planning services, as well as assistance on various investment options, including alternative investments, annuities, margin accounts, convertible bonds, and pension and profit sharing plans. The Realty segment provides residential real estate, resort property management, and commercial residential title insurance services, as well as originates mortgage loans. The Insurance segment provides life, property, casualty, and vehicle insurance services; travel, medical, and baggage protection insurance for travelers; and employee benefit programs, including medical, dental, vision, and disability insurance, as well as serves as an administrator for health care and dependent care flexible benefit plans. The company was founded in 1998 and is headquartered in Portsmouth, Virginia.


Keywords: Bank Banking Property Management Mortgage Loan Loan Commercial Bank Cash Management Services Commercial Banking Residential Real Estate Demand Deposit Disability Real Estate Construction Convertible Bond Title Insurance Vehicle Insurance Retail And Commercial Banking Disability Insurance Deposits Products Retail And Commercial Banking Products Estate Planning Services Title Insurance Services Hampton Roads

Home Page: www.townebank.com

TOWN Technical Analysis

5716 High Street
Portsmouth, VA 23703
United States
Phone: 757 638 7500


Officers

Name Title
Mr. G. Robert Aston Jr. Exec. Chairman
Mr. J. Morgan Davis CEO & Director
Mr. Brad E. Schwartz CPA Pres, COO & Director
Mr. William B. Littreal Sr. EVP, CFO & Director of Investor Relations
Mr. William I. Foster III Pres of Central Virginia & the Carolinas and Director
Ms. Dawn S. Glynn Pres & Chief Experience Officer
Mr. Kevin L. Fly Sr. EVP & Chief Accounting Officer
Mr. Denys J. Diaz Chief Information Officer
Mr. George P. Whitley Sr. EVP & Chief Legal Officer
Mr. Scott V. Williams Exec. VP and Director of Marketing & Member Experience

Exchange: NASDAQ

Country: US

Currency: US Dollar ($)

GIC Sector: Financials
GIC Group: Banks
GIC Industry: Banks
GIC Sub-Industry: Regional Banks
Forward PE: 0
Trailing PE: 12.239
Price-to-Book MRQ: 1.27
Price-to-Sales TTM: 3.2899
IPO Date: 1999-05-07
Fiscal Year End: December
Full Time Employees: 2787
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