Townebank Portsmouth VA, founded in 1999 and located in Portsmouth, Virginia, operates as a community bank aimed at providing personalized financial services to individuals and businesses. As a branch of TowneBank, headquartered in Suffolk, VA, the bank specializes in a range of offerings including personal and business banking, wealth management, and mortgage solutions.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| TOWN 3.13% 2032-02-15 USDTownebank Portsmouth VA | United States | 2032-02-15 | 3.125 | 6.08 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Townebank has actively participated in the bond market since its inception, with notable bond issuances launched to support growth initiatives and community development. One significant issuance occurred in 2015, when the bank issued $30 million in subordinated debt to bolster its capital base, enhancing its capacity to lend. Current yields on Townebank bonds are competitive within the regional banking sector, often exceeding those of peer institutions, demonstrating the bank's robust financial health and investor confidence.