Towne Bank - M&A Summary and Business Overview

Financial ServicesCompany

Towne Bank M&A Summary

Towne Bank has acquired 1 company.

Towne Bank has acquired in 1 US state. The Company’s most targeted sectors include insurance (100%).

Towne Bank Business Overview

Where is Towne Bank headquartered?

Towne Bank is headquartered in Portsmouth, Virginia.

What is Towne Bank’s revenue?

Towne Bank disclosed revenue of 695M USD for 2023 and 686M USD for 2022.

How many employees does Towne Bank have?

Towne Bank has 2,838 employees.

What sector is Towne Bank in?

Towne Bank is a financial services company.

When was Towne Bank founded?

Towne Bank was founded in 1998.

M&A Summary

  • M&A Total Activity1
    • M&A Buy Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1

Towne Bank

Towne Bank

5716 High Street,
Portsmouth, Virginia 23703
United States,
(757) 638-7500
www.townebank.com

Towne Bank is a provider of financial services. TowneBank was founded in 1998 and is based in Portsmouth, Virginia.


M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.0/yr) # 1 - - - - - 1
Sell (0.0/yr) # - - - - - - 0
  1

Most Recent M&A

Company Date Value Type
The Clement Companies, Inc. 2013-02-01 - Add-on Acquisition
Greenville, North Carolina
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 1 (100%) - - -
Total 1 - - -

By Geo

State/Country Buy Value Sell Value
United States 1 - - -
  North Carolina 1 - - -
Total 1 - - -

Company Summary

SECTOR

Financial Services

Revenue

695   2% 2023
686   2% 2022
679   3% 2021
662   18% 2020
563   6% 2019
532   19% 2018
448   21% 2017
373   2016
(millions of USD) Show More Show Less

Employees

2,838

Established

1998

Public

NASDAQ: TOWN

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Virginia Companies , Financial Services Companies , United States Companies , Virginia Financial Services Companies , Virginia Financial Services with Acquisitions , Virginia Financial Services with Divestitures

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