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TowneBank appoints new CIO
TowneBank announced Monday that it has appointed Varun Chandhok as senior executive vice president and chief information officer.
Virginia banks saw big mergers and acquisitions in 2025
Virginia community banks experienced significant mergers and acquisitions in 2025, including Atlantic Union Bankshares' $1.3 billion purchase of Sandy Spring Bank.
After bank mergers comes ‘big work’ of integration
Looser antitrust enforcement under Trump is expected to fuel more bank mergers, reshaping Virginia’s banking landscape.
2026 Virginia Black Business Leaders Awards: DENISE COUNCE
SENIOR VICE PRESIDENT, DIRECTOR OF DIVERSITY AND BELONGING | TOWNEBANK SUFFOLK
TowneBank completes $476M acquisition of Dogwood State Bank
Suffolk-based TowneBank announced Monday that it has completed its $476 million acquisition of North Carolina-based Dogwood State Bank.
BARBARA M. WOLCOTT
CHAIRMAN AND PRINCIPAL BROKER BERKSHIRE HATHAWAY HOMESERVICES RW TOWNE REALTY CHESAPEAKE
TowneBank grows market share via M&A
TowneBank is once again the leader in the Hampton Roads banking market, holding a nearly 30% share as of June 2024. That’s set to grow quickly. Towne’s $203 million acquisition of Norfolk-based Old Point National Bank of Phoebus and its parent company closed in September. In August, TowneBank announced it plans to acquire North Carolina‘s […]
TowneBank completes $203M acquisition of Old Point
TowneBank has closed its $203 million acquisition of Hampton-based Old Point National Bank of Phoebus and its parent company.
Peninsula businesses to get capital boost
Small and midsize businesses in distressed and underserved areas of Hampton and Newport News will be able to access economic support through a new $50 million low-interest business loan program. Launched in June by the nonprofit Greater Peninsula C.A.R.E.S. Foundation, the Peninsula Cooperative Fund is designed to close funding gaps and boost minority-owned businesses. PCF […]
TowneBank to acquire N.C. bank for $476M
Suffolk-based TowneBank announced Tuesday that it has signed an agreement to acquire North Carolina-based Dogwood State Bank for about $475 million.
