TowneBank Announces Quarterly Cash Dividend
December 02 2020 - 3:30PM
Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that
its Board of Directors on December 2, 2020 declared its
fourth-quarter shareholder cash dividend of $0.18 per common share
payable on January 11, 2021 to shareholders of record on
December 30, 2020.
The amount and declaration of future cash dividends are subject
to Board of Directors’ approval in addition to regulatory
restrictions.
About TowneBank:
As one of the top community banks in Virginia and North
Carolina, TowneBank operates 42 banking offices serving Chesapeake,
Chesterfield County, Glen Allen, Hampton, James City County,
Mechanicsville, Newport News, Norfolk, Portsmouth, Richmond,
Suffolk, Virginia Beach, Williamsburg, and York County in Virginia,
along with Raleigh, Cary, Charlotte, Greensboro, Greenville,
Moyock, Grandy, Camden County, Southern Shores, Corolla, Duck and
Nags Head in North Carolina. TowneBank also offers a full range of
financial services through its controlled divisions and
subsidiaries that include Towne Investment Group, Towne Wealth
Management, Towne Insurance Agency, Towne Benefits, TowneBank
Mortgage, TowneBank Commercial Mortgage, Berkshire Hathaway
HomeServices Towne Realty, Towne 1031 Exchange, LLC, and Towne
Vacations. Local decision-making is a hallmark of its hometown
banking strategy that is delivered through the leadership of each
group’s President and Board of Directors. With total assets of
$14.80 billion as of September 30, 2020, TowneBank is one of the
largest banks headquartered in Virginia.
Media contact:G. Robert Aston, Jr., Executive
Chairman, 757-638-6780J. Morgan Davis, President and Chief
Executive Officer, 757-673-1673
Investor contact:William B. Littreal, Chief
Financial Officer, 757-638-6813
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