Towne Bank (TOWN)
Available from the Temper Enrollment Service: Yes
Last Update On: 06/22/2012:
TowneBank is a Virginia-chartered bank. The Company offers retail and commercial banking services to the Greater Hampton Roads region in Southeastern Virginia. The Company is focused on serving the financial needs of individuals and small- and, medium-size businesses. It offers a range of financial services through its banking and non-banking subsidiaries. The Company operates in three segments: Banking, Realty, and Insurance. The Company has two controlled divisions: Towne Investment Group, which provides investment and asset management services, and TowneBank Mortgage, which originates mortgage loans and sells them to investors on the national secondary market. On December 3, 2010, the Company completed the acquisition of the six banking offices of The Bank of Currituck. TowneBank announced that Stanton Taylor Agency, Inc., insurance agency will affiliate with Towne Insurance Agency, a wholly owned subsidiary of TowneBank. **Taken from Google Finance**
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