Towne Bank - Common Stock (TOWN)
Frequently Asked Questions About Towne Bank - Common Stock (TOWN)
Does Towne Bank offer credit cards?
Yes, Towne Bank offers credit cards as part of its suite of financial products. These credit cards feature competitive interest rates, rewards programs, and benefits tailored to customer needs. Customers can apply for credit cards either online or at a branch, and the bank’s representatives will assist with the application process to ensure suitable choices are made.
Does Towne Bank offer loans?
Yes, Towne Bank offers a variety of loan products tailored to personal and business needs. For individuals, they provide auto loans, home equity loans, and mortgages, catering to homebuyers and those looking to refinance. For businesses, the bank offers commercial loans, lines of credit, and equipment financing to help support growth and operational needs.
Does Towne Bank offer mortgages?
Yes, Towne Bank offers a range of mortgage products, including fixed-rate mortgages, adjustable-rate mortgages, and VA loans. Their mortgage specialists work closely with homebuyers to tailor loan options that fit their financial situation. The bank also offers refinancing solutions to help homeowners adjust their mortgage terms as needed.
How can I open an account with Towne Bank?
To open an account with Towne Bank, prospective customers can visit a local branch or apply online through the bank's website. The application process typically requires personal identification, social security number, and initial deposit information. Bank representatives are available to guide clients through the process and help them select the right account type for their needs.
How does Towne Bank ensure customer service?
Towne Bank prides itself on providing exceptional customer service through a client-centric approach. Employees are trained to understand individual needs and offer personalized solutions to enhance customer satisfaction. The bank also solicits feedback to continuously improve its services and ensure that customers feel valued and appreciated.
How many branches does Towne Bank have?
As of October 2023, Towne Bank operates over 25 branches throughout Virginia and North Carolina. The bank's expansion efforts have increased its footprint, allowing it to serve more communities while maintaining its focus on personalized service. Each branch is staffed with knowledgeable team members ready to assist customers with their banking needs.
Is Towne Bank involved in any financial technology (Fintech)?
Towne Bank explores partnerships with financial technology companies to enhance its service offerings and digital platforms. By leveraging Fintech solutions, the bank aims to provide innovative banking experiences, streamline processes for customers, and offer new features that meet the evolving needs of tech-savvy consumers. This allows Towne Bank to remain competitive in a rapidly changing financial landscape.
Is Towne Bank involved in investment services?
Yes, Towne Bank provides investment and wealth management services through its affiliate, Towne Wealth Management. These services include financial planning, investment management, retirement planning, and estate planning. The bank's advisors work with clients to develop personalized investment strategies that align with their financial goals and risk tolerance.
What are Towne Bank's hours of operation?
Towne Bank branches typically operate Monday to Friday, with varying hours depending on the location. Most branches are open from 9 AM to 5 PM, and some may offer Saturday hours for customer convenience. Additionally, Towne Bank's online and mobile banking services are accessible 24/7, allowing customers to manage their accounts at any time.
What does Towne Bank do?
Towne Bank is a community bank based in Virginia, primarily focused on providing personal banking services, business solutions, and investment services to its clients. The bank offers a variety of products, including checking and savings accounts, mortgages, commercial loans, and wealth management services. They aim to build lasting relationships with customers, enhancing their financial well-being while actively supporting the communities they serve.
What does Towne Bank offer for business banking?
Towne Bank offers a comprehensive suite of business banking solutions designed to support organizations of all sizes. Services include business checking and savings accounts, commercial loans, merchant services, and payroll solutions. The bank aims to enhance operational efficiency for businesses while fostering growth through tailored financial products.
What is the stock performance of Towne Bank?
Towne Bank's common stock trades under the ticker symbol TOWN on the Nasdaq stock exchange. The stock performance reflects the bank's financial health and market conditions, fluctuating based on numerous factors including earnings reports and broader economic indicators. Investors interested in the stock should monitor financial news, quarterly earnings, and market analysis to make informed decisions.
What is Towne Bank's approach to digital banking?
Towne Bank embraces digital banking as a key component of customer convenience and accessibility. The bank offers online and mobile banking platforms, allowing customers to manage accounts, transfer funds, pay bills, and deposit checks remotely. Towne Bank continuously invests in technology to enhance security and improve the user experience for its clients.
What is Towne Bank's commitment to the community?
Towne Bank is deeply committed to community engagement and actively participates in philanthropic efforts. The bank frequently sponsors local events, supports non-profit organizations, and encourages its employees to volunteer in the community. This commitment reflects Towne Bank’s mission to not only support its customers financially but also enhance the quality of life in the communities it serves.
What is Towne Bank’s mission statement?
Towne Bank's mission is to enhance the quality of life for its customers, employees, and communities through exceptional service and support. The bank strives to create lasting relationships and provide financial solutions that contribute to the overall well-being of its clients. By prioritizing community involvement and customer satisfaction, Towne Bank aims to be a trusted financial partner.
What security measures does Towne Bank have in place?
Towne Bank implements a variety of security measures to protect its customers’ information and financial transactions. This includes advanced encryption technologies, multi-factor authentication, and continuous monitoring of systems for any unusual activity. The bank is committed to maintaining high security standards to safeguard customer data and ensure a safe banking experience.
What types of accounts does Towne Bank offer?
Towne Bank provides a wide range of banking accounts to meet various customer needs. These include personal checking accounts, savings accounts, money market accounts, and certificates of deposit (CDs). For businesses, Towne Bank provides business checking accounts, commercial savings accounts, and other financial products designed to assist in everyday operations and growth.
When was Towne Bank founded?
Towne Bank was founded in 1999 by a group of community-minded business leaders and financial professionals. Since its inception, the bank has grown significantly, expanding its services and branch locations across Virginia and into parts of North Carolina. The bank's growth is attributed to its commitment to providing exceptional customer service and maintaining strong community ties.
Where is Towne Bank located?
Towne Bank's headquarters is located in Virginia Beach, Virginia. The bank operates numerous branches throughout the Virginia region, including locations in Norfolk, Chesapeake, and Suffolk. In addition to its physical branches, Towne Bank offers online and mobile banking services, making banking accessible and convenient for its customers.
Who are the key executives at Towne Bank?
Towne Bank's leadership team includes experienced executives with diverse backgrounds in banking and finance. As of October 2023, the CEO is Towne R. C. Cocke, who has been instrumental in steering the bank's growth and strategic direction. The executive team is dedicated to fostering a culture of excellence and community engagement, ensuring the bank's mission aligns with its customers' needs.
What is the current price of Towne Bank - Common Stock?
The current price of Towne Bank - Common Stock is 30.46
When was Towne Bank - Common Stock last traded?
The last trade of Towne Bank - Common Stock was at 2:54 pm EDT on April 4th, 2025