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TowneBank stays on top, while Truist enters at No. 2
TowneBank stays on top, while Truist enters at No. 2
Virginia Business// September 29, 2021//
Although TowneBank remains at the top of the Hampton Roads’ region banking market, with just over a quarter of local market share, there is a newcomer in the second position: North Carolina-based Truist Bank, created from the SunTrust-BB&T megamerger in 2019. Truist holds nearly 24% of the market and has 72 locations, taking Wells Fargo’s place at No. 2. Meanwhile, Langley Federal Credit Union retains its hold on the top of the regional credit union list, nearing $4 billion in assets this year.
