TowneBank holds $18.3B in total assets and has $15.5B in deposits across 24 counties in 6 ranked markets and 2 states. Its deposit footprint is broadly distributed: the top three counties (Virginia Beach city, Virginia, Norfolk city, Virginia, and Wake County, North Carolina) hold 37% of its deposits, and Virginia accounts for 75% of the total. It is among the top three banks by deposits in 13 of the 24 counties where it operates. Figures are from the FDIC Summary of Deposits as of June 30, 2025, and are refreshed once a year when the next survey is released, not quarterly.
Deposits by county
Data as of June 30, 2025 (FDIC Summary of Deposits)
| County | Deposits | County’s % of Bank’s Deposits | Bank’s % of County Deposits | Branches |
|---|---|---|---|---|
| Virginia Beach city, VA | $2.5B | 16.2% | 28.8% | 6 |
| Norfolk city, VA | $1.6B | 10.4% | 34.2% | 5 |
| Wake County, NC | $1.6B | 10.2% | 1.6% | 4 |
| Portsmouth city, VA | $1.3B | 8.3% | 72.5% | 3 |
| Chesapeake city, VA | $1.2B | 7.7% | 33.5% | 2 |
| Mecklenburg County, NC | $1.1B | 6.9% | 0.2% | 3 |
| Newport News city, VA | $835M | 5.4% | 31.8% | 2 |
| Richmond city, VA | $674M | 4.4% | 1.5% | 4 |
| Henrico County, VA | $657M | 4.2% | 7.3% | 5 |
| Suffolk city, VA | $585M | 3.8% | 38.7% | 4 |
| James City County, VA | $570M | 3.7% | 25.2% | 1 |
| Dare County, NC | $501M | 3.2% | 25.7% | 3 |
| Chesterfield County, VA | $500M | 3.2% | 6.9% | 3 |
| Pitt County, NC | $342M | 2.2% | 9.7% | 1 |
| Hanover County, VA | $296M | 1.9% | 10.3% | 3 |
| Isle of Wight County, VA | $263M | 1.7% | 53.1% | 2 |
| Currituck County, NC | $198M | 1.3% | 83.8% | 2 |
| Guilford County, NC | $164M | 1.1% | 1.3% | 1 |
| Williamsburg city, VA | $159M | 1.0% | 30.9% | 1 |
| Hampton city, VA | $144M | 0.9% | 9.9% | 1 |
| Southampton County, VA | $94M | 0.6% | 53.2% | 1 |
| York County, VA | $90M | 0.6% | 8.3% | 1 |
| Camden County, NC | $82M | 0.5% | 100.0% | 1 |
| Powhatan County, VA | $78M | 0.5% | 10.0% | 1 |
“Deposits (SOD)” are deposits as reported to the FDIC at branch level in the Summary of Deposits (SOD), June 30, 2025, and are nominal. They reflect where deposits are booked and may differ from the institution’s balance-sheet total. “County’s % of Bank’s Deposits” is this county’s share of the institution’s total SOD deposits; “Bank’s % of County Deposits” is this institution’s deposits as a percent of all deposits booked in that county. Counties within a Combined or Metropolitan Statistical Area link to their full profile; other counties are shown for completeness.
Browse all covered institutions in the bank directory or the banks headquartered in VA. All 293 markets and the 1,523 counties with a branch within a CSA or MSA are covered in the Market Intelligence resource. See the methodology for how each figure is built and when to expect updates, or the disclaimer for how this data should, and should not, be read.
TowneBank is named on this page solely to describe publicly reported FDIC deposit data. Its appearance does not imply any affiliation between TowneBank and The Executive Recruiter Group, or endorsement by either.