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Veronica Garabelli // May 19, 2015//
TowneBank plans to locate its Richmond headquarters in the 18-story Gateway Plaza building being completed in the city’s downtown business district.
TowneBank Richmond will occupy about 26,000 square feet of space with a retail banking center and a commercial and private banking center located in the first-floor lobby.
The bank’s executive offices and a boardroom will be on the seventh floor, which has a 1,400-square-foot terrace overlooking the James River.
The move to Gateway Plaza is “a symbol of our long-term commitment to being a community asset in Richmond,” G. Robert Aston Jr., chairman and CEO of Hampton Roads-based TowneBank, said in a statement.
The bank recently moved into the Richmond-area market with its acquisition of Franklin Financial Corp., the parent company of 80-year-old Franklin Federal Savings Bank.
TowneBank had total assets of $5.83 billion as of March 31. It operates 37 banking offices in Virginia and North Carolina.
Gateway Plaza is being developed by Chicago-based developer Clayco. Other major tenants include the law firm McGuireWoods and CCA Industries.
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