Portsmouth, Virginia-based TowneBank is a provider of retail and commercial banking services catering to individuals, commercial enterprises, and professionals. The company operates with a focus on its three business segments: Banking, Realty, and Insurance. It offers a variety of deposit options, including demand deposits, savings accounts, money rate savings, certificates of deposit, and individual retirement accounts. Moreover, the company provides secured and unsecured personal loans, commercial loans, mortgage loans, and other financial services such as tax deferral assistance and retirement and estate planning services. The bank also offers online, mobile, and on-call banking services, along with safe deposit boxes and treasury management services. Additionally, the company provides residential real estate services, property management, vacation rentals, and title and settlement services. It operates in multiple locations, including Richmond, Virginia, the Greater Hampton Roads region in southeastern Virginia, northeastern North Carolina, Raleigh, Charlotte, Greensboro, and Greenville, North Carolina. TowneBank has been in operation since 1998.