Towne Bank

Branches

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Towne Bank Locations

Rates - June 6, 2020

Your current location is: Virginia, Ashburn

CD RATES APY MIN MAX
3 Mo CD
0.03% $1,000 $24,999 Compare
3 Mo CD
0.03% $50,000 $249,999 Compare
Special: 5 Mo CD
0.35% $1,000 - Compare
6 Mo CD
0.05% $1,000 $24,999 Compare
6 Mo CD
0.05% $50,000 $249,999 Compare
Special: 12 Mo CD
0.40% $1,000 - Compare
12 Mo CD
0.10% $1,000 $24,999 Compare
12 Mo CD
0.10% $50,000 $249,999 Compare
18 Mo CD
0.15% $1,000 $24,999 Compare
18 Mo CD
0.15% $50,000 $249,999 Compare
Special: 19 Mo CD
0.33% $1,000 - Compare
24 Mo CD
0.20% $1,000 $24,999 Compare
24 Mo CD
0.20% $50,000 $249,999 Compare
30 Mo CD
0.20% $1,000 $24,999 Compare
30 Mo CD
0.20% $50,000 $249,999 Compare
36 Mo CD
0.20% $1,000 $24,999 Compare
36 Mo CD
0.20% $50,000 $249,999 Compare
Special: 42 Mo CD
0.81% $1,000 - Compare
48 Mo CD
0.20% $1,000 $24,999 Compare
48 Mo CD
0.20% $50,000 $249,999 Compare
60 Mo CD
0.20% $1,000 $24,999 Compare
60 Mo CD
0.20% $50,000 $249,999 Compare
SAVINGS RATES APY MIN MAX
Savings
0.02% $1 - Compare
MM RATES APY MIN MAX
Money Market
0.01% $1 $9,999 Compare
Money Market
0.02% $10,000 $24,999 Compare
Money Market
0.03% $25,000 $49,999 Compare
PREMM RATES APY MIN MAX
Premium Money Market
0.01% $10,000 $24,999 Compare
Premium Money Market
0.03% $25,000 $49,999 Compare
FIXED IRA RATES APY MIN MAX
Fixed IRA
0.10% $1,000 $24,999
INT CHECKING RATES APY MIN MAX
Int Ckg
0.01% $1 -

Overview 2020

General Bank Information

FDIC Insured Yes
FDIC Certificate # 35095
Date Established 1999
Assets $ 11.95 billion
Loans $ 8.78 billion
Deposits $ 9.33 billion
Capital $ 1,653.69 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 442.62 million
Interest-bearing balances $ 345.02 million
Total securities $ 1,485.00 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 8.78 billion
Loan loss allowance $ 58.23 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 15.01 million
Goodwill and other intangibles $ 501.22 million
All other assets $ 444.22 million
     Total Assets $ 10.29 billion

LIABILITIES
Total deposits $ 9.33 billion
      Interest-bearing deposits $ 6.32 billion
      Deposits held in domestic offices $ 9.33 billion
      % insured (estimated) 52.04%
Federal funds purchased and repurchase agreements $ 51.72 million
Trading liabilities N.A.
Other borrowed funds $ 472.36 million
Subordinated debt $ 248.46 million
All other liabilities $ 190.38 millionn
      Total Liabilities $ 10.29 billion
      Shareholders’ Equity $ 1,653.69 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 468.17 million
Total Interest Expense $ 109.47 million
Net interest income $ 358.70 million
Provision for loan and lease losses $ 9.37 million
Total non interest income $ 296.64 million
Total non interest expense $ 468.85 million
Pre-tax Net Operating Income $ 177.11 million

Towne Bank is an FDIC insured institution headquartered at 5716 High Street, Portsmouth, VA 23703.
It was founded in 1999 and has approximately $12 billion in assets. Customers can open an account at one of its 44 branches.