Towne Bank
TOWNTowne Bank (TOWN) is a regional bank headquartered in Virginia. It provides a range of banking services, including personal and business banking, lending, mortgage, and wealth management. Established in the late 1990s, Towne Bank focuses on community-based banking, emphasizing personalized service and local economic development. It has grown steadily through organic expansion and acquisitions within the Mid-Atlantic region.
Dividend History
Investors can expect a dividend payout of $0.27 per share, scheduled to be distributed in 30 days on January 7, 2026
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| January 7, 2026 | $0.27 | 2025-12-26 | 2025-12-26 |
| October 10, 2025 | $0.27 | 2025-09-29 | 2025-09-29 |
| July 11, 2025 | $0.27 | 2025-06-27 | 2025-06-27 |
| April 11, 2025 | $0.25 | 2025-03-31 | 2025-03-31 |
| January 14, 2025 | $0.25 | 2024-12-31 | 2024-12-31 |
Dividends Summary
- Towne Bank has issued 80 dividend payments over the past 22 years
- The most recent dividend was paid 59 days ago, on October 10, 2025
- The highest dividend payed out to investors during this period was $0.30 per share
- The average dividend paid during this period was $0.15 per share.
Company News
TowneBank has completed its merger with Old Point Financial Corporation, enhancing its market position in the Hampton Roads region. The merger will integrate Old Point National Bank's operations into TowneBank by February 2026, with former Old Point CEO Robert F. Shuford, Jr. appointed as a senior executive vice president.
TowneBank will acquire Dogwood State Bank in a merger that expands its strategic presence along the Interstate 85 corridor, creating a combined entity with approximately $22 billion in total assets, expected to close in early 2026.
The headline numbers for TowneBank (TOWN) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
