Towne Bank (TOWN)

• Market cap: $3.04B
• 1 day: 0.15%
• 5 days: 0.09%
• 1 month: -8.89%
• 3 months: -7.12%
• 6 months: -7.18%
• Year to date: -0.69%
• 1 year: -2.28%
• 5 years: 4.5%
• 10 years: 79.78%
• Sector: Financials
• Industry: Banks - Regional

About: Towne Bank is a financial services company serving individuals, commercial enterprises and professionals, offering retail and commercial banking services in Virginia and North Carolina. The company has four reportable segments: Banking, which provides loan and deposit services, commercial mortgage brokerage, and investment and asset management services; Mortgage, which originates mortgage loans principally sold in the secondary market through purchase commitments from investors; Resort Vacation Management, which provides residential resort property management services; and Insurance, which provides property, casualty, life and health insurance solutions for businesses, individuals and community organizations through a variety of carriers.

Employees: 1,251