By: Anne Conner, CAHEC Board Member
TowneBank started in 1998 with a big dream in a two-car garage in Portsmouth, Virginia. It was there that the original founders met and created the vision that would become TowneBank: a community-oriented bank focused on key principles that include a commitment to recruiting the very best employees, creating a family atmosphere, engaging local board members, and delivering the ultimate in customer service while providing quality, upscale banking facilities that house the most efficient technology available.
On April 8, 1999, TowneBank opened three offices with start-up capital from more than 4,000 shareholders. Achieving profitability in just 11 months, TowneBank continued to grow - and still does, today - operating more than 40 banking offices throughout Hampton Roads and Central Virginia, as well as Northeastern and Central North Carolina.