Date Founded



5716 High Street,Portsmouth, VA 23703-4502

Type of Company


Employees (Worldwide)



Retail & Commercial Banking
Consumer Finance
Holding Companies

Company Description

TowneBank engages in the provision of retail and commercial banking services to individuals and small and medium size businesses. It operates through the following segments: Banking, Realty, and Insurance. The Banking segment offers loan and deposit services to retail and commercial customers. The Realty segment focuses on the provision of residential real estate services and originations of a variety of mortgage loans. The Insurance segment includes the provision of full-service commercial and retail insurance, employee benefit services, and travel insurance. The company was founded by R. Scott Morgan on September 3, 1998 and is headquartered in Portsmouth, VA.

Contact Data
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Executives & Employees

Chief Executive Officer

Chairman, Real Estate Finance

President & Chief Operating Officer

Senior Executive Vice President, Chief Financial Officer

Chief Credit Officer & Senior Executive Vice President

Director & President-Central Virginia

President, Townebank of Norfolk

President, Retail & Private Banking

President, Asset Protection Group

Board of Directors

Founder at TowneBank

Vice President at Overton Enterprises

President & Chief Operating Officer at TowneBank

Executive in Residence at Christopher Newport University - Luter School of Business

President & Owner at Johns Brothers, Inc.

Partner at Kaufman & Canoles, P.C.

Former President at Eastern Virginia Medical School

Co-Founder at Fraim & Fiorella PC

Professional at Bill Lewis Chevrolet

Former General & Thoracic Surgeon at Greenbrier Surgical Associates, P.C.

Paths to TowneBank
Potential Connections via
Relationship Science
Owners & Shareholders
Details Hidden

De Lisle Partners focuses on US Equities with a mid- and smaller-cap bias as these have a record of long-term outperformance. The firm combines top-down macro analysis with bottom-up stock selection.

Details Hidden

BCS Financial LLC is an American private company located in Johnson City, TN. The firm provides investment advice. It was founded in 1998.

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CSPIA strategically utilize both active and passive strategic investment strategies and structure highly diversified portfolios based on a stable asset allocation approach. The firm offers a range of diverse portfolios with varying risk/return mandates and executes portfolios through state of the art block trading technology and an objective open-architecture platform. Portfolios include investments in companies of all sizes and in any sector, public and private, including investments in energy, natural resources, distressed securities, real estate, venture capital and buyout, and other private equity, as well as any other business sectors or types of investments.

Recent Transactions
Details Hidden

TowneBank, Towne Insurance Agency LLC purchase Middle Peninsula Insurance Agency, Inc.

Details Hidden

TowneBank purchases Paragon Commercial Corp.

Details Hidden

TowneBank, Towne Insurance Agency LLC purchase W.A. Moore & Co., Inc.

Transaction Advisors
Investment Advisor

Advised onTowneBank purchases Paragon Commercial Corp.

Legal Advisor

Advised onTowneBank purchases Monarch Financial Holdings, Inc.

Investment Advisor

Advised onTowneBank purchases Harbor Bank (Newport News, Virginia)

Legal Advisor

Advised onTowneBank purchases Paragon Commercial Corp.

Legal Advisor

Advised onTowneBank purchases Paragon Commercial Corp.


Advised onTowneBank purchases Paragon Commercial Corp.

Advisors & Consultants
Real Estate Agent

President at NAI Carolantic Realty


Founder at TowneBank

Key Stats and Financials As of 2020
Market Capitalization
Total Enterprise Value
Earnings Per Share
Debt TEV
Three Year Compounded Annual Growth Rate Of Revenue
TEVNet Income
Enterprise Value / Sales
Total Equity
Total Debt
Net Profit
Political Donations
Raymond James Financial, Inc. Investment Banking & Brokerage | St. Petersburg, FL

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Bank of America Corp. Retail & Commercial Banking - Charlotte, NC

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The PNC Financial Services Group, Inc. Retail & Commercial Banking - Pittsburgh, Pennsylvania

PNC Financial Services Group, Inc. is a holding company, which engages in the provision of financial services. It operates through the following segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock. The Retail Banking segment offers deposit, lending, brokerage, investment management, and cash management products and services to consumer and small business customers. The Corporate & Institutional segment covers the lending, treasury management, and capital markets-related products and services to mid-sized and large corporations, government, and not-for-profit entities. The Asset Management Group segment includes personal wealth management for high net worth and ultra high net worth clients and institutional asset management. The BlackRock segment operates as a publicly-traded investment management firm providing a range of investment, risk management and technology services to institutional and retail clients. The company was founded in 1983 and is headquartered in Pittsburgh, PA.

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