Record · Bank
TowneBank
TowneBank held $22.6 billion in total assets as of June 30, 2026, according to the FDIC.
An FDIC-insured bank headquartered in Portsmouth, Virginia, with $22.6 billion in total assets at June 30, 2026: the 94th largest of 4,212 banks.
TowneBank, June 30, 2026
- $22.6 billion
- Total assets
- $22,616,959,000
- 94th of 4,212 banks nationally and 5th of 56 headquartered in Virginia.
- $18.8 billion
- Total deposits
- $18,822,283,000
- 94th of 4,212 banks nationally and 5th of 56 headquartered in Virginia; 0.1% of the deposits of all 4,212 banks that reported.
- $193.2 million
- Net income, the quarter
- $193,187,000
- The quarter ending June 30, 2026, as the bank reported it.
- 2.2%
- Return on assets
- Annualized net income over average assets, the FDIC’s own ratio.
- 81
- Offices
- In 4 states, as the FDIC's office file lists them.
- April 8, 1999
- Insured since
- Established April 8, 1999.
TowneBank reported $22.6 billion in total assets at June 30, 2026, against $116.3 million at June 30, 1999
Total assets at each quarter’s end from the bank’s Call Report, as the FDIC publishes them, in each quarter’s own dollars.
Dollars are each quarter’s own, not adjusted for inflation. A merger adds the acquired bank’s assets in the quarter it takes effect.
Source: The FDIC
About this chart
The figures
| Quarter | Total assets | Total deposits |
|---|---|---|
| June 30, 1999 | $116.3 million | $79.9 million |
| September 30, 1999 | $159.2 million | $123.7 million |
| December 31, 1999 | $198.3 million | $160.7 million |
| March 31, 2000 | $265.3 million | $199.8 million |
| June 30, 2000 | $300.7 million | $234.9 million |
| September 30, 2000 | $333.3 million | $266.0 million |
| December 31, 2000 | $383.9 million | $306.4 million |
| March 31, 2001 | $442.5 million | $362.2 million |
| June 30, 2001 | $497.4 million | $414.7 million |
| September 30, 2001 | $529.0 million | $443.7 million |
| December 31, 2001 | $560.0 million | $456.7 million |
| March 31, 2002 | $614.2 million | $495.1 million |
| June 30, 2002 | $664.3 million | $529.4 million |
| September 30, 2002 | $738.8 million | $598.5 million |
| December 31, 2002 | $764.0 million | $623.7 million |
| March 31, 2003 | $817.9 million | $678.2 million |
| June 30, 2003 | $864.2 million | $718.0 million |
| September 30, 2003 | $901.0 million | $747.4 million |
| December 31, 2003 | $931.9 million | $763.4 million |
| March 31, 2004 | $1.3 billion | $1.1 billion |
| June 30, 2004 | $1.4 billion | $1.1 billion |
| September 30, 2004 | $1.4 billion | $1.1 billion |
| December 31, 2004 | $1.4 billion | $1.1 billion |
| March 31, 2005 | $1.5 billion | $1.2 billion |
| June 30, 2005 | $1.7 billion | $1.3 billion |
| September 30, 2005 | $1.8 billion | $1.4 billion |
| December 31, 2005 | $1.8 billion | $1.5 billion |
| March 31, 2006 | $1.9 billion | $1.6 billion |
| June 30, 2006 | $2.0 billion | $1.6 billion |
| September 30, 2006 | $2.1 billion | $1.7 billion |
| December 31, 2006 | $2.2 billion | $1.7 billion |
| March 31, 2007 | $2.3 billion | $1.7 billion |
| June 30, 2007 | $2.5 billion | $1.8 billion |
| September 30, 2007 | $2.5 billion | $1.8 billion |
| December 31, 2007 | $2.5 billion | $1.8 billion |
| March 31, 2008 | $2.6 billion | $1.9 billion |
| June 30, 2008 | $2.7 billion | $2.0 billion |
| September 30, 2008 | $3.0 billion | $2.2 billion |
| December 31, 2008 | $3.1 billion | $2.2 billion |
| March 31, 2009 | $3.3 billion | $2.4 billion |
| June 30, 2009 | $3.5 billion | $2.6 billion |
| September 30, 2009 | $3.6 billion | $2.7 billion |
| December 31, 2009 | $3.6 billion | $2.6 billion |
| March 31, 2010 | $3.7 billion | $2.7 billion |
| June 30, 2010 | $3.7 billion | $2.8 billion |
| September 30, 2010 | $3.7 billion | $2.7 billion |
| December 31, 2010 | $3.9 billion | $3.0 billion |
| March 31, 2011 | $4.0 billion | $3.1 billion |
| June 30, 2011 | $4.0 billion | $3.1 billion |
| September 30, 2011 | $4.0 billion | $3.2 billion |
| December 31, 2011 | $4.1 billion | $3.2 billion |
| March 31, 2012 | $4.1 billion | $3.3 billion |
| June 30, 2012 | $4.2 billion | $3.3 billion |
| September 30, 2012 | $4.3 billion | $3.3 billion |
| December 31, 2012 | $4.4 billion | $3.4 billion |
| March 31, 2013 | $4.4 billion | $3.4 billion |
| June 30, 2013 | $4.6 billion | $3.5 billion |
| September 30, 2013 | $4.6 billion | $3.5 billion |
| December 31, 2013 | $4.7 billion | $3.6 billion |
| March 31, 2014 | $4.8 billion | $3.7 billion |
| June 30, 2014 | $4.9 billion | $3.8 billion |
| September 30, 2014 | $5.0 billion | $3.9 billion |
| December 31, 2014 | $5.0 billion | $3.9 billion |
| March 31, 2015 | $5.8 billion | $4.5 billion |
| June 30, 2015 | $6.1 billion | $4.7 billion |
| September 30, 2015 | $6.2 billion | $4.8 billion |
| December 31, 2015 | $6.3 billion | $4.9 billion |
| March 31, 2016 | $6.4 billion | $5.0 billion |
| June 30, 2016 | $7.9 billion | $6.2 billion |
| September 30, 2016 | $7.8 billion | $6.2 billion |
| December 31, 2016 | $8.0 billion | $6.1 billion |
| March 31, 2017 | $8.2 billion | $6.2 billion |
| June 30, 2017 | $8.4 billion | $6.6 billion |
| September 30, 2017 | $8.6 billion | $6.6 billion |
| December 31, 2017 | $8.5 billion | $6.5 billion |
| March 31, 2018 | $10.6 billion | $7.9 billion |
| June 30, 2018 | $10.8 billion | $8.1 billion |
| September 30, 2018 | $11.1 billion | $8.3 billion |
| December 31, 2018 | $11.2 billion | $8.4 billion |
| March 31, 2019 | $11.6 billion | $8.8 billion |
| June 30, 2019 | $11.9 billion | $9.3 billion |
| September 30, 2019 | $12.0 billion | $9.5 billion |
| December 31, 2019 | $11.9 billion | $9.3 billion |
| March 31, 2020 | $12.6 billion | $9.4 billion |
| June 30, 2020 | $15.6 billion | $11.3 billion |
| September 30, 2020 | $14.8 billion | $11.8 billion |
| December 31, 2020 | $14.6 billion | $11.6 billion |
| March 31, 2021 | $15.1 billion | $12.2 billion |
| June 30, 2021 | $15.8 billion | $13.1 billion |
| September 30, 2021 | $15.8 billion | $13.1 billion |
| December 31, 2021 | $16.4 billion | $13.7 billion |
| March 31, 2022 | $16.7 billion | $13.9 billion |
| June 30, 2022 | $16.9 billion | $14.2 billion |
| September 30, 2022 | $16.0 billion | $13.5 billion |
| December 31, 2022 | $15.8 billion | $13.4 billion |
| March 31, 2023 | $16.7 billion | $13.7 billion |
| June 30, 2023 | $17.2 billion | $13.9 billion |
| September 30, 2023 | $16.7 billion | $14.0 billion |
| December 31, 2023 | $16.8 billion | $14.0 billion |
| March 31, 2024 | $16.9 billion | $14.3 billion |
| June 30, 2024 | $17.1 billion | $14.4 billion |
| September 30, 2024 | $17.2 billion | $14.5 billion |
| December 31, 2024 | $17.2 billion | $14.5 billion |
| March 31, 2025 | $17.5 billion | $14.8 billion |
| June 30, 2025 | $18.3 billion | $15.5 billion |
| September 30, 2025 | $19.7 billion | $16.6 billion |
| December 31, 2025 | $19.7 billion | $16.6 billion |
| March 31, 2026 | $22.4 billion | $18.6 billion |
| June 30, 2026 | $22.6 billion | $18.8 billion |
Its offices, by state
| State | Offices | Full-service |
|---|---|---|
| Virginia | 48 | 44 |
| North Carolina | 24 | 24 |
| South Carolina | 8 | 8 |
| Tennessee | 1 | 1 |
Its history
Institution events the FDIC recorded for the bank, newest first: renames, mergers, acquisitions and charter changes. Branch openings and closings are not listed here.
| Date | Event | With |
|---|---|---|
| January 12, 2026 | Merger -Without Assistance | Dogwood State Bank |
| January 12, 2026 | Participated in Absorbtion/Consolidation/Merger | Dogwood State Bank |
| September 1, 2025 | Merger -Without Assistance | The Old Point National Bank of Phoebus |
| September 1, 2025 | Participated in Absorbtion/Consolidation/Merger | The Old Point National Bank of Phoebus |
| April 1, 2025 | Affiliated Institution Merger (Pooling) (i.e. Corporate Reorganization | Village Bank |
| April 1, 2025 | Participated in Absorbtion/Consolidation/Merger | Village Bank |
| April 1, 2025 | Phantom (Interim) Corporate Reorganization | TowneBank |
| January 13, 2023 | Merger -Without Assistance | Farmers Bank |
| January 13, 2023 | Participated in Absorbtion/Consolidation/Merger | Farmers Bank |
| November 15, 2022 | Change in Legal Name (FO or BR) | Towne Bank |
| January 26, 2018 | Absorbtion - Without Assistance | Paragon Commercial Bank |
| January 26, 2018 | Participated in Absorbtion/Consolidation/Merger | Paragon Commercial Bank |
| June 25, 2016 | Absorbtion - Without Assistance | Monarch Bank |
| June 25, 2016 | Participated in Absorbtion/Consolidation/Merger | Monarch Bank |
| January 2, 2015 | Merger -Without Assistance | Franklin Federal Savings Bank |
| January 2, 2015 | Participated in Absorbtion/Consolidation/Merger | Franklin Federal Savings Bank |
| December 3, 2010 | Merger -Without Assistance | The Bank of Currituck |
| December 3, 2010 | Participated in Absorbtion/Consolidation/Merger | The Bank of Currituck |
| December 3, 2010 | Change in Legal Name (FO or BR) | Towne Bank |
| March 20, 2004 | Merger -Without Assistance | Harbor Bank |
| March 20, 2004 | Participated in Absorbtion/Consolidation/Merger | Harbor Bank |
| April 8, 1999 | New Institution |
The FDIC’s entry
- FDIC certificate number
- 35095
- Charter class
- NM
- Chartered by
- STATE
- Primary regulator
- FDIC
- Specialization
- Commercial Lending Specialization
- Community bank
- No
- County
- Portsmouth City
- Website
- www.townebank.com
Rankings this appears in
- No. 94 Banks by deposits
- No. 94 Largest banks in the US by total assets
Sources
- NCUA 5300 Call Report — quarterly data (every credit union, every quarter from March 1994) — National Credit Union Administration · U.S. Government work · retrieved September 27, 2026
- FDIC failures — every bank failure and assistance transaction since 1934 — Federal Deposit Insurance Corporation · Public domain — U.S. Government work
- FDIC summary — insured institutions, offices, assets and deposits by state and year since 1934 · Public domain — U.S. Government work
- FDIC BankFind — institutions (every charter the FDIC has insured, active and inactive) · Public domain — U.S. Government work · retrieved October 17, 2026
- NCUA credit-union sites — Credit Union Branch Information (the newest quarter) — National Credit Union Administration · U.S. Government work · retrieved September 27, 2026
- FDIC BankFind — locations (every current office of an FDIC-insured institution) — Federal Deposit Insurance Corporation · Public domain — U.S. Government work · retrieved September 30, 2026
- FDIC Summary of Deposits — every office's deposits at June 30, 1994 to the newest survey · Public domain — U.S. Government work · retrieved September 27, 2026
- Census Bureau population estimates — nation and states, with components of change — U.S. Census Bureau · U.S. Government work · retrieved September 25, 2026
Compiled automatically from NCUA 5300 Call Report — quarterly data (every credit union, every quarter from March 1994), FDIC failures — every bank failure and assistance transaction since 1934, FDIC summary — insured institutions, offices, assets and deposits by state and year since 1934, FDIC BankFind — institutions (every charter the FDIC has insured, active and inactive), NCUA credit-union sites — Credit Union Branch Information (the newest quarter), FDIC BankFind — locations (every current office of an FDIC-insured institution), FDIC Summary of Deposits — every office's deposits at June 30, 1994 to the newest survey and Census Bureau population estimates — nation and states, with components of change by a checked SQL query · Editor: Kian O'Connor · How this site is built
Data retrieved