B+ MyBankTracker Rating

Towne Bank

About Towne Bank

As one of the top community banks in Virginia and North Carolina, TowneBank operates 28 banking offices serving Chesapeake, Hampton, Newport News, Norfolk, Portsmouth, Suffolk, Virginia Beach, Williamsburg, James City County and York County in Virginia along with Moyock, Grandy, Camden, Southern Shores, Corolla and Kill Devil Hills in North Carolina. Towne also offers a full range of financial services through its controlled divisions and subsidiaries that include Towne Investment Group, Towne Insurance Agency, TFA Benefits, TowneBank Mortgage, TowneBank Commercial Mortgage, Prudential Towne Realty, Towne 1031 Exchange, LLC, and Corolla Classic Vacations. Local decision-making is a hallmark of its hometown banking strategy that is delivered through the leadership of each group's President and Board of Directors. With total assets of $4.97 billion as of September 30, 2014, TowneBank is one of the largest banks headquartered in Virginia.

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MyBankTracker rated based on the following criteria that includes real customer reviews and bank fees, among others. Our bank report card is a proprietary rating system that highlights the financial health and stability of the bank. See how it’s rated.

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Customer Reviews

Most Helpful Towne Bank Bank Customer Reviews

  • S
    Reviewed By smeade57 Sep 19, 2015

    The Games of a Bank Manager in Moyock, NC

    I was a new customer to Townebank In Moyock ,NC and everything seemed to be good , And all of the sudden the started putting a 7 day hold on my Business pay checks going in to my personal account. Well the bank Manager told me I needed to put my business account with them so that would not happen. Well I have been In business all my life and never in 40 years had a bank tell me that. What a crock I told her my business needs to be with a world bank for reasons that Townebank could not help me with. So every thing seemed to be OK for a few days and they went right back to putting a hold on my business pay checks for no reason.
    I have never had a Bank Manager tell me Lies like I was told. They are out right trying to force me to open a business account with them but it backfired on her and I was getting ready to make a large deposit in a savings account but not now . This bank in Moyock ,NC is run by a person that will lie to your face to make her self look good to corporate. Stay away for this branch.

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  • M
    Reviewed By MeganFrink Apr 6, 2015

    Towne Bank will unethically change check registers

    The term "reordering a register" is well known on Capitol Hill as it is a practice of financial institutions that is being deemed morally corrupt and unethical. To put it simply, the following is how they are dipping their hands into the cookie jar.

    When you have multiple checks or debits clear you account... say.. $15, $30, and that $3 coffee you grabbed last minute. That coffee will cost you around $83 if you had miscalculated something in your account. Towne Bank will CHANGE the order of the received checks and charges to.. say... $35, $15, and $3. This way they will drain the account faster and make sure to get as many over draft fees as possible. The are MORE than happy to reshuffle your account and capitalize heavily on any mistake. Some banks have decided to the right thing and post debits in the order received. For Towne Bank we will have to wait for legislation to catch up with corruption.

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  • M
    Reviewed By merevt Dec 31, 2014

    Best Bankers. Hometown Banking

    TowneBank offers friendly, hometown service from experienced professionals who are totally dedicated to meeting your personal and business goals.

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  • Type Fee National Average
  • Monthly Inactivity N/A
  • Non-Sufficient Fund (Overdraft) N/A 0
  • Stop Payment item N/A 0
  • Return Deposit N/A 0
  • Domestic Wire Transfer (Outbound) N/A 0
  • Domestic Wire Transfer (Inbound) N/A 0
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