Towne Bank (TOWN)
Towne 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 |
|---|---|---|---|
| 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 |
| October 11, 2024 | $0.25 | 2024-09-30 | 2024-09-30 |
Dividends Summary
- Towne Bank has issued 79 dividend payments over the past 21 years
- The most recent dividend was paid 12 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.
