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.
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 |