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$120M TowneBank-Village Bank acquisition approved by state, FDIC
Suffolk-based TowneBank’s $120 million acquisition of Midlothian’s Village Bank and Trust Financial Corp. has been approved by the FDIC and the Virginia State Corporation Commission, clearing the way for a completed deal in early April, the two banks said Tuesday. Announced in September 2024, the combined bank, which will still be known as TowneBank, will […]
The 2025 Virginia Black Business Leaders Awards: The Achievers
Black business leaders have played a pivotal role in shaping modern Virginia’s economic and cultural landscapes and driving progress across industries and communities. From the entrepreneurial spirit of pioneers who built thriving enterprises during times of immense adversity amid segregation and civil rights battles to today’s leaders breaking boardroom barriers, their stories are a testament[...]
2025 Virginia Black Business Leaders Awards: Yvonne Allmond
Allmond joined TowneBank in 2005 and has more than three decades of experience in banking and finance. Although she moved around in her youth as part of a military family, Allmond is today settled into Hampton Roads civic life, having served on boards for Old Dominion University, Norfolk State University Foundation and the Virginia Center […]
TowneBank to acquire Village Bank for $120M
Suffolk-based TowneBank has signed a definitive agreement to acquire Midlothian’s Village Bank and its parent company, Village Bank and Trust Financial, a deal worth approximately $120 million, the banks announced Tuesday. “Our TowneBank family is humbled and excited to partner with Village Bank and its team members,” TowneBank Executive Chairman G. Robert Aston Jr. said […]
Out & About July 2024
1. James W. Dyke Jr. with McGuireWoods Consulting received a lifetime achievement award from the Virginia Chamber of Commerce May 16 in Richmond. L to R (front row): Virginia House of Delegates Speaker Don L. Scott Jr., D-Portsmouth; former Gov. Douglas Wilder; Dyke. L to R (back row): Virginia Sen. Lamont Bagby, D-Henrico, former U.S. […]
Executive insights
Virginia Business asked six Hampton Roads leaders to discuss how their organizations are contributing to the region’s success and meeting challenges such as workforce recruitment and inflation. DAWN GLYNN President and chief experience officer, Corporate Services Group, TowneBank, Suffolk How are your customers responding to inflation and higher interest rates? After many years of historically[...]
Transportation 2023: JUDY BARRETT
The second woman president in the Virginia Maritime Association’s 102-year history, Barrett is a prominent face in the area’s banking, maritime and sailing communities. A banking executive with more than 30 years of experience, she has been with TowneBank for over 16 years. Barrett also serves as board president of Norfolk Festevents, and is a […]
Finance | Insurance 2023: G. ROBERT ASTON JR.
When he founded TowneBank in 1999, Aston had a vision of creating a Main Street bank that would be focused exclusively on serving the people and businesses in its hometown. Today, TowneBank has over 45 locations, with assets of more than $16.7 billion as of March 31, and supports more than 200 nonprofit organizations through […]
TowneBank hires chief risk officer, senior EVP
Suffolk-based TowneBank appointed Ernest Piccioli as senior executive vice president and chief risk officer, the bank announced Monday. Piccioli is based at TowneBank’s headquarters. As chief risk officer, he will be responsible for governance of the company’s risk programs and oversee risk management, vendor management, credit review and appraisal services. “Having Ernest aboard as chief [&[...]
Executive insights
Leaders from Virginia’s maritime sector share their thoughts about building a workforce pipeline in Virginia, the growth of offshore wind and how climate change impacts the industry. JUDY BARRETT Virginia Maritime Association board president; TowneBank private banking officer; Norfolk VB: As president of VMA’s board, what’s your main priority this year? Barrett: My main priority […]
Layne, Perry named to TowneBank corporate board
Suffolk-based TowneBank has named Aubrey L. Layne Jr., executive vice president of governance and external affairs for Sentara Healthcare, and Suburban Capital founder and CEO Christopher Perry to its corporate board of directors, the bank announced Tuesday. Layne, who chairs the Virginia Port Authority’s board of commissioners and formerly served as state secretary of finance […]
TowneBank announces three promotions
TowneBank has promoted two presidents to new roles and appointed a president for its new region, the Suffolk-based bank announced Monday. Robin Cooke now serves as the president of retail banking. She was formerly president of the bank’s Portsmouth/Suffolk region, a role that C. Ross Morgan will fill in addition to maintaining his current role […]
