$22.6B
total assets, June 30, 2026
TowneBank is a state nonmember bank based in Portsmouth, VA, owned by TowneBank (TOWN). As of June 30, 2026 it held $22.6 billion in assets and $18.8 billion in deposits; assets were up 23.8% from a year before. It has 81 branches in 4 states.
Updated Oct 11, 2026 · numbers as of June 30, 2026
Total assets
$22.6B
+23.8% in a year · +1.2% in a quarter
Deposits
$18.8B
+21.7% in a year · +1.2% in a quarter
Loans
$15.5B
+22.9% in a year · +0.3% in a quarter
Profit so far
$234M
Jan 1 to Jun 30, 2026 · +161.9% in a year
Capital ratio
10.00%
+0.07 pts in a year
Return on assets
2.17%
+1.19 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 5716 High St W, Portsmouth, VA, 23703
- County
- Portsmouth City
- Holding company
- TowneBank (TOWN)
- Established
- Apr 8, 1999
- Employees
- 2,783
- Branches
- 81 in 4 states
- Website
- www.townebank.com
- Id
- b35095
Quarter by quarter
June 30, 1999 to June 30, 2026
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Branches
81 offices as of June 30, 2026, holding $18.8 billion in deposits
Branch map
Every branch, sized by its deposits
| State | Branches | Deposits | Share |
|---|---|---|---|
| Virginia | 48 | $13.2B | 69.9% |
| North Carolina | 24 | $5.3B | 27.9% |
| South Carolina | 8 | $416M | 2.2% |
| Tennessee | 1 | $5.7M | 0.0% |
| Largest branches | Place | Deposits |
|---|---|---|
| Norfolk Branch | Norfolk, VA | $1.4B |
| Glenwood Branch | Raleigh, NC | $1.2B |
| Greenbrier Branch | Chesapeake, VA | $1.0B |
| Pavilion Center Ii Branch | Virginia Beach, VA | $1.0B |
| Town Center Branch | Virginia Beach, VA | $845M |
| Rexford Branch | Charlotte, NC | $823M |
| Oyster Point Branch | Newport News, VA | $811M |
| New Town Branch | Williamsburg, VA | $699M |
| First Colonial Branch | Virginia Beach, VA | $593M |
| Townebank (main office) | Portsmouth, VA | $573M |
Consumer complaints
Complaints consumers sent about TowneBank, 12 months to Sep 2026
Last 12 months
15
-11.8% vs the 12 months before
Closed with relief
33.3%
Money back: 13.3%
Answered on time
100.0%
0 still in progress
Most common product
Bank accounts
47% of its complaints
Complaints per month
Hover a month for the count
By product
12 months to Sep 2026
| Top issues | Complaints | Share | Relief |
|---|---|---|---|
| Managing an account | 4 | 26.7% | 25.0% |
| Incorrect information on your report | 2 | 13.3% | 50.0% |
| Improper use of your report | 2 | 13.3% | 50.0% |
| Problem with a lender or other company charging your account | 2 | 13.3% | 50.0% |
| Trouble during payment process | 2 | 13.3% | 0.0% |
| Problem when making payments | 1 | 6.7% | 0.0% |
| Opening an account | 1 | 6.7% | 0.0% |
| Other transaction problem | 1 | 6.7% | 100.0% |
Counted under Townebank. Counts depend on company size: large companies get more complaints. The newest month is partial.
Related pages
Questions and answers
How big is TowneBank?
$22.6 billion in total assets and $18.8 billion in deposits as of June 30, 2026, with assets up 23.8% from a year before. Its loans were $15.5 billion.
How many branches does TowneBank have?
81 branches in 4 states as of June 30, 2026. The most deposits are in Virginia ($13.2 billion).
Is TowneBank profitable?
Yes: it earned $234.2 million from January 1 to June 30, 2026 (up 161.9% from the same months a year before). Its return on assets was 2.17% a year; about 1% is typical.
Who owns TowneBank?
TowneBank is owned by TowneBank, its holding company, which is listed as TOWN.
How many consumer complaints does TowneBank get?
15 complaints in the 12 months to Sep 2026, down 11.8% from the 12 months before. 33% of closed complaints ended with relief, and 100.0% were answered on time.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.