+ Watch TOWN
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Strong presence in their market, Hampton Roads, 35/37 largest SMSA, very deep roots in this military complex area. Townebank has purchased real estate and insurance companies and is known for exceptionally high customer service, far ahead of the larger national and international banks.Employees are very much community driven, management has even created Townebank University and is deeply entrenched in the community, strong presence in charitable organizations.The bank has stringent credit requirements, very low risk tolerance and provides high profitability.
Strong community bank with surprising large market share.
Good ratios versus its peers. Pays a dividend.
Banks will rebound as the economy rebounds
The president (ceo) of this bank has a proven history. His last venture was locally Commerce Bank which was eventually bought by BB&T. This guy has worked the bank from the ground up. He is our local banking "Buffet". He is not in it to fail.
Good growth and earnings.
They look better than other banks, but how hard is that?
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