Unverified listing What this means

The Lender Report built this page from public records. TowneBank has not reviewed it. Every lender's page starts this way, and it says nothing about TowneBank itself. Each figure shows its source and date. Work at TowneBank? You can claim this page for free.

Bank, Portsmouth, VA

TowneBank

A bank based in Portsmouth, VA. Its commercial book is led by non-owner-occupied CRE and owner-occupied CRE. Public files show recent multifamily, 1-4 unit investor, SBA 7(a) and SBA 504 loans it made.

Kind
Bank
Data as of
June 30, 2026
Page last changed
November 12, 2026
Commercial book
$10.7B
FDIC call report,
Holds, not loans made
Multifamily loans made, 2025
43
HMDA,
HMDA, 5 or more units
SBA loans, 36 months
568
SBA FOIA,
7(a) and 504, net of cancelled
Total assets
$22.6B
FDIC call report,
Does it fit my deal?

The deal is read here and kept nowhere. Leave out names, income and credit scores.

How to reach them

Each line shows where it came from

Phone
The FDIC record has no phone number. Try the lender's website.
Website
www.townebank.comFrom the FDIC record, November 9, 2026.
Address
5716 High St W, Portsmouth, VA 23703FDIC institution record,
Regulator record
FDIC BankFind

Recently done

Recorded lending

Recorded lending. Two or more public files show loans this lender made.

What changed. TowneBank originated 43 multifamily loans in 2025, versus 23 in 2024. HMDA,

What the public record shows, newest first
WhenWhat the record showsSource
Last 24 months Office changes in the last 24 months: 1 opened, 16 closed, 3 relocated.FDIC structure history. FDIC history
Oct 2023 to Sep 2026 SBA 7(a) approvals by processing method: 381 under Preferred Lender authority, 87 SBA Express.SBA ProcessingMethod field, net of cancellations. SBA FOIA,
Jun 2025 to Jun 2026 Non-owner-occupied CRE balance rose 21.5% to $4.3B in the year to June 30, 2026. Includes loans from acquiring Dogwood State Bank; The Old Point National Bank of Phoebus in the window, so growth reflects the acquisition as well as new lending.Balances, not originations. Year over year from call reports. FDIC call report
Jun 2025 to Jun 2026 Owner-occupied CRE balance rose 37.5% to $2.5B in the year to June 30, 2026. Includes loans from acquiring Dogwood State Bank; The Old Point National Bank of Phoebus in the window, so growth reflects the acquisition as well as new lending.Balances, not originations. Year over year from call reports. FDIC call report
Jun 2025 to Jun 2026 Commercial and industrial balance rose 20.2% to $1.7B in the year to June 30, 2026. Includes loans from acquiring Dogwood State Bank; The Old Point National Bank of Phoebus in the window, so growth reflects the acquisition as well as new lending.Balances, not originations. Year over year from call reports. FDIC call report
Jun 2025 to Jun 2026 Unused commitments on commercial real estate rose 10.1% to $2.2B in the year to June 30, 2026.Call report commitments. Not a measure of new lending. FDIC call report
January 12, 2026 Acquired Dogwood State Bank on January 12, 2026.FDIC structure history. FDIC history,
September 1, 2025 Acquired The Old Point National Bank of Phoebus on September 1, 2025.FDIC structure history. FDIC history,
April 1, 2025 Acquired Village Bank on April 1, 2025.FDIC structure history. FDIC history,
2024 Reported making 1,811 small business loans totaling $309.3M in 2024.FFIEC CRA disclosure data. A small business loan here is a commercial and industrial loan or a loan secured by nonfarm nonresidential property of $1 million or less when made. FFIEC CRA disclosure data

Banks report no loan-level data for office, retail, industrial or construction loans. This list shows only multifamily and SBA loans.

TowneBankNewest first
PeriodPlaceLoanAmountRateTermLTVSource
Sep 2026OregonSBA 7(a), Arts, Entertainment, and Recreation$4.9M8.75%10 yrSBA FOIA
Sep 2026IndianaSBA 7(a), Hotels (except Casino Hotels) and Motels$4.3M7.75%25 yrSBA FOIA
Sep 2026TexasSBA 7(a), Manufacturing$4.1M9.5%10 yrSBA FOIA
Sep 2026FloridaSBA 7(a), Electrical Contractors and Other Wiring Installation Contractors$3M9.25%25 yrSBA FOIA
Sep 2026TexasSBA 7(a), Musical Instrument and Supplies Retailers$3M9.75%10 yrSBA FOIA
Sep 2026New YorkSBA 7(a), Furniture Retailers$2.9M8.5%10 yrSBA FOIA
Sep 2026AlabamaSBA 7(a), Retail Trade$1.8M8.75%25 yrSBA FOIA
Sep 2026FloridaSBA 7(a), Manufacturing$1.7M8.75%10 yrSBA FOIA
Sep 2026North CarolinaSBA 7(a), Limited-Service Restaurants$1.5M9%10 yrSBA FOIA
May 2026CaliforniaSBA 504, Gasoline Stations with Convenience Stores$4.8M25 yrSBA FOIA
May 2026VirginiaSBA 504, Administrative and Support and Waste Management and Remediation Services$640K25 yrSBA FOIA
Apr 2026North CarolinaSBA 504, Other Services (except Public Administration)$190K25 yrSBA FOIA
Apr 2026New JerseySBA 504, Wholesale Trade$1.3M25 yrSBA FOIA
Mar 2026North CarolinaSBA 504, Administrative and Support and Waste Management and Remediation Services$670K25 yrSBA FOIA
Mar 2026New JerseySBA 504, All Other Professional, Scientific, and Technical Services$720K25 yrSBA FOIA
Mar 2026North CarolinaSBA 504, Transportation and Warehousing$760K25 yrSBA FOIA
Feb 2026VirginiaSBA 504, Information$550K25 yrSBA FOIA
2025Durham-Chapel Hill, NCRefinance, 5 to 24 units$600K6.95%5 yr69%HMDA 2025
2025Virginia Beach city, VARefinance, 5 to 24 units$440K7.74%5 yr47%HMDA 2025
2025Durham County, NCPurchase, 25 to 49 units$1.6M8%2 yr38%HMDA 2025
2025Alamance County, NCRefinance, 5 to 24 units$2.7M6.35%5 yr71%HMDA 2025
2025Durham County, NCPurchase, 25 to 49 units$3M6.71%7 yr43%HMDA 2025
2025Cumberland County, NCPurchase, 25 to 49 units$2.1M7.02%7 yr75%HMDA 2025
2025Harnett County, NCPurchase, 50 to 99 units$4.7M7.02%7 yr75%HMDA 2025
2025Harnett County, NCPurchase, 25 to 49 units$1.5M7.02%7 yr75%HMDA 2025
483 SBA 7(a) loans since October 2023, net of cancelled$476MSBA FOIA

A blank means the source did not report it.

What it holds

FDIC call report, June 30, 2026

Commercial book on the latest filing
BookHoldsOf its loansYear over year
Multifamily$865M5.6%-2.5%
Construction and land development$1.32B8.5%+23.1%
Owner-occupied CRE$2.50B16.1%+37.5%
Non-owner-occupied CRE$4.29B27.7%+21.5%
Farmland$30.3M0.2%+0.2%
Commercial and industrial$1.68B10.9%+20.2%
Commercial total$10.7B
FDIC call report,

Includes loans from acquiring Dogwood State Bank; The Old Point National Bank of Phoebus in the window, so growth reflects the acquisition as well as new lending.

Reference only: $3.28B of 1-4 family residential loans, which call reports cannot split owner-occupied from investor. Excluded from the totals above.

Table
Commercial book by quarter
QuarterCommercial book
Q3 2023$7.87B
Q4 2023$7.97B
Q1 2024$8.08B
Q2 2024$8.02B
Q3 2024$7.99B
Q4 2024$8.01B
Q1 2025$8.19B
Q2 2025$8.73B
Q3 2025$9.25B
Q4 2025$9.21B
Q1 2026$10.8B
Q2 2026$10.7B
FDIC call reports,
Loans on record, by kind
Kind of loanPeriodLoans madeDollarsTypical sizeLargestSource
Multifamily, 5 or more units202543$213M$1.49M$65MHMDA,
Multifamily, 5 or more units202423$92.0M$805KHMDA,
1-4 unit investor or business purpose2025539$181M$255KHMDA,
SBA 7(a), net of cancelled36 months to Sep 2026483$476M$746K$4.9MSBA FOIA,
SBA 7(a), net of cancelled12 months to Sep 2026166$179MSBA FOIA,
SBA 504 first lien, net of cancelled36 months to Sep 202685$107M$1.14M$4.8MSBA FOIA,

How these public files were tied to this lender. HMDA: its legal entity identifier (LEI). SBA 7(a) loans: its FDIC certificate number. SBA 504 first liens: its name and state.

SBA loans by industry, 36 months
IndustryLoansDollars
Limited-Service Restaurants41$36.2M
Full-Service Restaurants35$34.1M
All Other Specialty Trade Contractors16$15.4M
Pet Care (except Veterinary) Services15$17.7M
Plumbing, Heating, and Air-Conditioning Contractors14$11.4M
Electrical Contractors and Other Wiring Installation Contractors13$20.1M
Child Care Services13$14.8M
Fitness and Recreational Sports Centers13$11.9M
Manufacturing10$13.4M
Professional, Scientific, and Technical Services10$8.45M
SBA FOIA,

Other lenders in these fields: SBA lenders for restaurants, SBA lenders for construction trades, SBA lenders for child care businesses.

Programs on record: Federal Home Loan Bank member, Atlanta district (FHFA).

Small business loans reported under CRA

FFIEC CRA, 2024

  • TowneBank reported making 1,811 small business loans totaling $309,257,000 in 2024, in its Community Reinvestment Act filing (FFIEC, calendar 2024).
  • By size when made: 1,213 of $100,000 or less, 228 over $100,000 up to $250,000, 370 over $250,000 up to $1 million.
  • 291 of them, totaling $69,134,000, went to businesses with revenue of $1 million or less.
  • TowneBank reported making 21 small farm loans totaling $3,659,000 in 2024, in its Community Reinvestment Act filing (FFIEC, calendar 2024).
  • By size when made: 7 of $100,000 or less, 9 over $100,000 up to $250,000, 5 over $250,000 up to $500,000.
  • 8 of them, totaling $1,561,000, went to farms with revenue of $1 million or less.
Counties with 5 or more small business loans in 2024. Other counties, each under 5 loans: 170 loans, $19,727,000.
CountyLoansTotal
Virginia Beach city, VA222$37.1M
Wake County, NC187$37.9M
Chesapeake city, VA173$30.3M
Mecklenburg County, NC164$32.2M
Norfolk city, VA101$19.7M
Portsmouth city, VA74$9.40M
Newport News city, VA62$12.0M
Richmond city, VA50$17.2M
Suffolk city, VA49$11.1M
Pitt County, NC48$9.32M
FFIEC CRA disclosure data,
Counties with 5 or more small farm loans in 2024. Other counties, each under 5 loans: 10 loans, $1,159,000.
CountyLoansTotal
Isle of Wight County, VA6$1.15M
Suffolk city, VA5$1.35M
FFIEC CRA disclosure data,

In this filing a small business loan is a commercial and industrial loan, or a loan secured by nonfarm nonresidential property, of $1 million or less when it was made. Multifamily loans are not included.

Only banks with about $1.6 billion or more in assets must file this data. The cutoff is set each year; it was $1.564 billion for 2024. A bank that is not listed here can still make small business loans.

How this filing was tied to this bank: FDIC certificate (respondent ID) + transmittal RSSD.

Undrawn commitments

FFIEC Call Report, June 30, 2026

  • TowneBank reported commitments to fund construction loans that had not been drawn at June 30, 2026: $898,424,000 for 1-4 family residential construction and $1,192,716,000 for commercial real estate, other construction and land development (FFIEC Call Report). A commitment is an agreement to fund a loan if it is drawn. It is not a loan made.
  • Undrawn commitments to commercial and industrial borrowers at June 30, 2026: $1,550,753,000. These are credit lines not yet used.

FFIEC Call Report,

Small loans it holds, by original size

FDIC BankFind Suite API, /banks/financials (Call Report), report dates 2026-06-30 and 2025-06-30, June 30, 2026

Loans held on the report date, grouped by the amount when each loan was made. Not loans made in a period.

Commercial and industrial loans, by original amount
Original amountLoansHolds
$100,000 or less6,160$352M
Over $100,000 up to $250,0001,035$105M
Over $250,000 up to $1 million1,280$309M
FDIC BankFind Suite API, /banks/financials (Call Report), report dates 2026-06-30 and 2025-06-30,
Loans secured by nonfarm nonresidential property, by original amount
Original amountLoansHolds
$100,000 or less360$26.7M
Over $100,000 up to $250,000645$124M
Over $250,000 up to $1 million2,058$1.05B
FDIC BankFind Suite API, /banks/financials (Call Report), report dates 2026-06-30 and 2025-06-30,
Loans secured by farmland, by original amount
Original amountLoansHolds
$100,000 or less21$1.63M
Over $100,000 up to $250,00026$3.27M
Over $250,000 up to $500,00026$5.64M
FDIC BankFind Suite API, /banks/financials (Call Report), report dates 2026-06-30 and 2025-06-30,
Agricultural production loans, by original amount
Original amountLoansHolds
$100,000 or less26$481K
Over $100,000 up to $250,00018$1.30M
Over $250,000 up to $500,00010$1.72M
FDIC BankFind Suite API, /banks/financials (Call Report), report dates 2026-06-30 and 2025-06-30,

Where it lends

Offices beside loans on record

Offices and recorded loans by state
StateOfficesMultifamily 20251-4 investor 2025SBA 7(a) 36 mo.SBA 504 36 mo.
Virginia HQ48122542835
North Carolina24311788523
South Carolina807157
Tennessee10060
Maryland007672
Texas001632
Florida008426
California000391
Michigan000230
New York000221
Pennsylvania001180
Georgia000151
FDIC office list, HMDA, SBA FOIA,

Also in NJ, CO, IL, AZ, OH, CT, IN, WA, AL, OR, DE, KY.

Counties with the most recorded loans (5 or more)
CountyRecorded loansDollars
Guilford County, NC6$3.29M
Virginia Beach city, VA5$109M
Durham County, NC5$10.0M
HMDA, SBA FOIA,
Metro areas with the most recorded loans (5 or more)
MetroRecorded loansDollars
Virginia Beach-Chesapeake-Norfolk, VA-NC14$142M
Raleigh-Cary, NC7$19.3M
Durham-Chapel Hill, NC7$15.1M
Greensboro-High Point, NC7$5.21M
Richmond, VA6$30.2M
Charlotte-Concord-Gastonia, NC-SC5$21.4M
HMDA, SBA FOIA,

Offices by county

FDIC Summary of Deposits, June 30, 2026

  • TowneBank has 79 offices in 35 counties and 4 states (FDIC Summary of Deposits, June 30, 2026): 77 full service and 2 limited service.
Counties with the most offices
CountyFull-service officesLimited-service offices
Virginia Beach city, VA51
Wake County, NC50
Henrico County, VA50
Mecklenburg County, NC40
Oconee County, SC40
Newport News city, VA31
Norfolk city, VA40
Dare County, NC30
Chesterfield County, VA30
Hanover County, VA30
Hampton city, VA30
Portsmouth city, VA30
Richmond city, VA30
Suffolk city, VA30
Currituck County, NC20
FDIC Summary of Deposits,

Loan production offices are not in this file. A bank with no office here can still lend here.

Capacity. Not a rating

Our calculation from public filings, as of June 30, 2026. Not a rating, and not a statement about safety or deposits.

Lending capacity measures, with peers
MeasureThis lenderIts peersHow it is worked outSource
Estimated largest single loan$355M$196M to $657M across 8 peersEstimate: 15% of tier 1 capital plus allowance. A further 10% is allowed with readily marketable collateral, and state-chartered banks follow state limits. Not a limit the lender has stated.FDIC call report, 12 CFR 32.3, Jun 30, 2026
CRE to capital273.4%226.6% to 348.4% across 8 peers(Construction + multifamily + non-owner-occupied CRE loans) divided by tier 1 capital plus allowance.FDIC call report,
Construction to capital55.8%34.7% to 107.2% across 8 peersConstruction loans divided by tier 1 capital plus allowance.FDIC call report,
Loans to deposits82.2%69.9% to 93.8% across 8 peersTotal loans divided by total deposits.FDIC call report,
Unused CRE commitments$2.21B$524M to $3.67B across 8 peersCommitments to lend on commercial real estate that are not yet drawn, up 10.1% from a year earlier.FDIC call report,
Loans to assets68.4%59.8% to 75.5% across 8 peersTotal loans divided by total assets.FDIC call report,

Our calculation: construction, multifamily and non-owner-occupied nonfarm nonresidential loans, divided by tier 1 capital plus the allowance for loan losses. It is not the test in the 2006 interagency guidance on commercial real estate concentrations (December 12, 2006; OCC Bulletin 2006-46, Federal Reserve SR 07-1). That guidance measures against total risk-based capital, also counts loans that finance commercial real estate but are not secured by real estate, and looks more closely when construction and land loans reach 100% of that capital, or commercial real estate loans reach 300% of it and have grown 50% or more in the prior 36 months. This figure uses a different capital base, leaves out the unsecured loans and applies no growth condition. The guidance sets no limit on lending. Not a rating, and not a statement about safety or deposits.

Loan channel and SBA processing

Public record only

  • Of 539 1-4 unit investor loans with a known channel in 2025, 7 (1.3%) came through a third party. HMDA,

Third party includes correspondents as well as brokers. No figure here means no evidence, not a refusal.

Preferred Lender authority
381 loans (78.9%)
SBA Express
87 loans
Approval to first disbursement
27 days, median of 436

SBA FOIA, SBA 7(a) loans, 36 months. Counted from SBA approval, not application. Lines of credit disburse fast.

Peers

Same kind of lender, similar size and book

Peers
LenderStateTotal assetsCommercial book
United BankVA$33.6B$16.8B
Atlantic Union BankVA$38.0B$21.6B
Burke & Herbert Bank & Trust CompanyVA$11.0B$6.33B
Wilmington Savings Fund Society, FSBDE$22.6B$8.81B
Seacoast National BankFL$21.3B$9.03B
Renasant BankMS$27.0B$14.1B
Rockland Trust CompanyMA$25.0B$12.3B
Simmons BankAR$24.7B$13.6B
FDIC call report,

Compare these lenders side by side

What we don't know

  • Whether it is taking new loans today, or on what terms.
  • How much of its book it made recently. Call reports carry balances, not loans made.
  • Which of its commercial real estate is office, retail, industrial or hotel. Call reports do not split the book by property type.
  • How its 1-4 family loans divide between owner-occupied and investor.
  • Whether it takes brokers on any given deal. The public record shows only that some loans came through a third party.

Check this page

Against the regulator's own record

  1. Name and charter. TowneBank, FDIC certificate 35095. Compare it with the regulator's record. [FDIC BankFind]
  2. Balances. $22.6B in total assets and $10.7B in commercial loans held, from the call report for June 30, 2026. [Source]
  3. Loans made. 1,173 recorded loans from HMDA and SBA files, through September 30, 2026: 43 HMDA multifamily 2025, 23 HMDA multifamily 2024, 539 HMDA 1-4 unit investor 2025, 483 SBA 7(a) in 36 months, 85 SBA 504 first liens in 36 months. Each has its source and date. [How each file was tied to TowneBank]
  4. Phone and website. No phone number is on record. Website townebank.com, from the FDIC record. [How to reach them]
  5. Small business loans reported under CRA. 1,811 small business loans reported in its CRA filing for 2024. [Source]

Something wrong? Report it with evidence. It is free, and it works the same for every lender whether it pays or not. Report an error

For the record

Data as of June 30, 2026. Page last changed November 12, 2026.

Regulator
FDIC
FDIC certificate
35095
RSSD
2797724
LEI
54930039UO39UJGI7078
The Lender Report ID
lr_000105
FDIC classifies this bank as
Commercial Lending Specialization
Ownership
Stock
Head office metro area
Virginia Beach-Norfolk-Newport News, VA-NC

FDIC institution record, The classification is FDIC's description of the balance sheet. It is not a statement about what the bank will lend on.

  • Reported $22.6B in total assets as of June 30, 2026 (FDIC call report).
  • Held $10.7B of commercial and commercial real estate loans as of June 30, 2026 (FDIC call report).
  • Held $4.3B of non-owner-occupied commercial real estate loans as of June 30, 2026, up 21.5% from a year earlier, including loans acquired in a merger (FDIC call report).
  • Held $2.5B of owner-occupied commercial real estate loans as of June 30, 2026, up 37.5% from a year earlier, including loans acquired in a merger (FDIC call report).
  • Held $1.7B of commercial and industrial loans as of June 30, 2026, up 20.2% from a year earlier, including loans acquired in a merger (FDIC call report).
  • Originated 43 multifamily loans totaling $212.7M in 2025 (HMDA).
10 more sentences
  • Originated 23 multifamily loans totaling $92M in 2024 (HMDA).
  • Originated 539 1-4 unit investor or business-purpose loans totaling $180.6M in 2025 (HMDA).
  • Recorded 553 SBA 7(a) approvals totaling $550.7M from October 1, 2023 to September 30, 2026, of which 70 were later cancelled (SBA).
  • Provided the first lien on 86 SBA 504 projects with $109.5M in first-lien dollars from October 1, 2023 to September 30, 2026, of which 1 was later cancelled (SBA).
  • Listed 81 offices in 4 states (FDIC).
  • Reported making 1,811 small business loans totaling $309.3M in 2024, in its Community Reinvestment Act filing (FFIEC).
  • Reported making 21 small farm loans totaling $3.7M in 2024, in its Community Reinvestment Act filing (FFIEC).
  • Held 8,475 commercial and industrial loans that were $1 million or less when made, with a balance of $766.9M as of June 30, 2026 (FDIC call report). These are loans held, not loans made.
  • Held 3,063 loans secured by nonfarm nonresidential property that were $1 million or less when made, with a balance of $1.2B as of June 30, 2026 (FDIC call report). These are loans held, not loans made.
  • Reported commitments to fund construction loans that had not been drawn at June 30, 2026: $898.4M for 1-4 family and $1.2B for commercial and other construction (FFIEC Call Report). A commitment is not a loan made.

Cite this

Source: The Lender Report, TowneBank, https://lender.report/lender/townebank-va/, data as of June 30, 2026.

Sources

Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.

See something wrong? Write to desk@lender.report or use the correction form. We reply within 2 business days and fix confirmed errors within 10. We correct our own mistakes at once. Where the public record itself is wrong, we show the lender's correction beside it and tell you how to ask the agency to fix the source. Correction form. Names identify institutions and imply no affiliation.

We publish data about lenders and sell advertising. We are not a bank or lender, and we do not make credit decisions, take applications, negotiate terms or arrange loans through this site. Using this site creates no broker, advisory or fiduciary relationship. Commercial-purpose loans only. Nothing here is an offer to lend or a promise that any lender will offer you a loan.

Work at TowneBank? Claim this page, free.

Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem