Towne Bank
TOWN
About: Towne Bank is a financial services company that places special emphasis on serving the financial needs of individuals, commercial enterprises, and professionals, offering retail and commercial banking services to numerous markets in Virginia and North Carolina. The company has three reportable segments: the Banking Segment provides loan and deposit services to retail and commercial customers and provides commercial mortgage brokerage services and investment and asset management services, and the Realty Segment provides residential real estate services and mortgage loans. It also provides resort property management and residential and commercial title insurance, and the Insurance Segment provides a wide array of insurance products, including property, casualty, life, and health insurance.
Employees: 1,621
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
50% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 22
15% more repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 75
4% more funds holding
Funds holding: 232 [Q1] → 241 (+9) [Q2]
4% more capital invested
Capital invested by funds: $1.48B [Q1] → $1.53B (+$56M) [Q2]
0.38% more ownership
Funds ownership: 59.41% [Q1] → 59.79% (+0.38%) [Q2]
Financial journalist opinion
Based on 10 articles about TOWN published over the past 30 days
