TowneBank in top 10 on Forbes list

Published 12:57 pm Wednesday, March 2, 2022

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Forbes has ranked Suffolk-based TowneBank as the No. 9 bank on its 2022 Best Banks in America list, taking the top spot among all competitors in Virginia and North Carolina.

This is the fourth year that TowneBank has appeared on Forbes’ list and the first time appearing in the top 10, the company said in a news release. Forbes’ 13th annual look at America’s Best Banks ranks the 100 largest publicly traded banks and thrifts based on key metrics related to growth, credit quality and profitability. S&P Global Marketing Intelligence provides the data, with rankings performed by Forbes.

After opening its first three locations in April 1999, TowneBank has worked to maintain 22 years of consecutive earnings growth. Executive Chairman Bob Aston said stellar financial results are a derivative of the company’s “ultimate goal to enhance the financial and social well-being of the communities where the bank operates.”

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“We celebrate the hard work of everyone in the Towne family of companies that merits this national recognition. At the end of each day, it is our culture of caring – for each other, our members, our community, our shareholders, and for the less fortunate – that is at the heart of our success,” he said.To see the full report, visit

TowneBank operates over 40 banking offices throughout Hampton Roads and central Virginia, as well as northeastern and central North Carolina.