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
| 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
- Consistent Payer: Towne Bank has rewarded shareholders with 80 dividend payments over the past 22 years.
- Total Returned Value: Investors who held TOWN shares during this period received a total of $11.78 per share in dividend income.
- Latest Payout: The most recent dividend of $0.27/share was paid 16 days ago, on January 7, 2026.
- Yield & Schedule: TOWN currently pays dividends quarterly with an annual yield of 2.92%.
- Dividend Growth: Since 2004, the dividend payout has grown by 170.0%, from $0.10 to $0.27.
- Dividend Reliability: TOWN has maintained or increased its dividend for 76 consecutive payments.
Company News
Shareholders of Dogwood State Bank have approved a merger with TowneBank, expected to close in early Q1 2026, pending regulatory approvals.
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.
TowneBank and Old Point Financial Corporation have received regulatory approval for their merger, expected to close on September 1, 2025. Shareholders can elect to receive cash, TowneBank stock, or a combination, with an election deadline of August 26, 2025.
TowneBank, a Virginia-based bank, announced a quarterly cash dividend of $0.27 per common share, an 8% increase from the previous dividend rate.
