Towne Bank
5716 High Street
Portsmouth,
VA 23703
United States - Map
Phone: 757-638-7500
Web Site: http://www.townebankonline.com
| TowneBank, through its subsidiaries, provides retail and commercial banking products and services in the Greater Hampton Roads region in southeastern Virginia. It serves the financial needs of small and medium size businesses, professionals, and individuals. The company operates in three segments: Banking, Realty, and Insurance. The Banking segment provides loan and deposit services to retail and commercial customers. Its deposits products include demand deposits, negotiable order of withdrawal accounts, savings accounts, money rate savings, certificates of deposit, and individual retirement accounts. This segment also offers personal loans, including secured and unsecured loans for financing automobiles, home improvements, education, and personal investments; commercial loans comprising secured and unsecured loans for working capital, business expansion, and equipment and machinery purchases; and fixed- and floating-rate mortgage loans, as well as real estate construction and acquisition loans. The Realty segment provides residential real estate services, which comprise real estate sales, relocation, property management, title insurance, and related settlement services; insurance products; treasury services; merchant services; employee benefits plan; and investment and asset management services. The Insurance segment provides commercial and retail insurance and employee benefit services. Its products include life, property, casualty, and vehicle insurance. The company was founded in 1998 and is headquartered in Portsmouth, Virginia. |
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| Key Statistics |
| |
| | Pay | Exercised | Mr. G. Robert Aston Jr.,
Chairman, Chief Exec. Officer and Member of Exec. Committee |
$
696.00K |
$
206.00K | Mr. R. Scott Morgan Jr., 63
Pres, Sr. Loan Officer, Director and Member of Exec. Committee |
$
406.00K |
$
0 | Mr. Clyde E. McFarland Jr., 54
Chief Financial Officer and Sr. Exec. VP |
$
216.00K |
$
0 | Mr. J. Morgan Davis , 58
Director, Chief Exec. Officer of Towne Financial Services Group and Pres of Towne Financial Services Group |
$
324.00K |
$
393.00K | Ms. Jacqueline B. Amato , 59
Director and Pres of Townebank Mortgage |
$
943.00K |
$
0 |
|
|
|
Dollar amounts are as of
31-Dec-08
and compensation values are for the last fiscal
year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of
options exercised during the fiscal year.
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