TowneBank Announces Quarterly Cash Dividend
August 25 2021 - 12:30PM
Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that
its Board of Directors on August 25, 2021 declared its
third-quarter shareholder cash dividend of $0.20 per common share
payable on October 12, 2021 to shareholders of record on September
30, 2021.
The amount and declaration of future cash dividends are subject
to Board of Directors’ approval in addition to regulatory
restrictions.
About TowneBank:
Founded in 1999, TowneBank is a company built on relationships,
offering a full range of banking and other financial services, with
a mission of serving others and enriching lives. Dedicated to a
culture of caring, Towne values all employees and members by
embracing their diverse talents, perspectives, and experiences.
Today, the bank operates over 40 banking offices throughout
Hampton Roads and Central Virginia, as well as Northeastern and
Central North Carolina – serving as a local leader in promoting the
social, cultural, and economic growth in each community. Towne
offers a competitive array of business and personal banking
solutions, delivered with only the highest ethical standards.
Experienced local bankers providing a higher level of expertise and
personal attention with local decision-making are key to the
TowneBank strategy. Towne has grown its capabilities beyond banking
to provide expertise 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. With total assets of $15.80 billion as of June 30,
2021, TowneBank is one of the largest banks headquartered in
Virginia.
Media contact:G. Robert Aston, Jr., Executive
Chairman, 757-638-6780J. Morgan Davis, Chief Executive Officer,
757-673-1673
Investor contact:William B. Littreal, Chief
Financial Officer, 757-638-6813
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