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Compare Towne Bank CD Rates and Savings Accounts to MoneyAisle

  • About Towne Bank:
    Towne Bank, headquartered in Portsmouth, VA, is the 225th largest bank in the U.S. Towne Bank is also the 5th largest bank in VA.
  • Towne Bank (as of 3/31/2009) has a total of 19 branches and is home to 810 full-time employees.
  • Towne Bank (no holding company) is the holding company of Towne Bank. Towne Bank (no holding company) was established on 4/8/1999.
  • Towne Bank has $3.3 Billion in total assets and the net operating income of Towne Bank is $3 Million.
  • Towne Bank, however, is just one bank. If you're looking for the best CD Rates from an FDIC-insured institution, having many banks compete against each other is a quick and easy way to find great rates. Try it now: Compare Towne Bank to our Live Auction CD rates.

Towne Bank - Fast Facts

  • Bank Legal Name: Towne Bank
  • FDIC #: 35095
  • Headquarters: Portsmouth, VA
  • Date Established: April 08, 1999

Towne Bank - Financials

Q4-08 Q1-09 Change
Rank in US by Asset Size 225 225 0
Total Assets $3,134 M $3,306 M $172 M
Cash & Balances Due from Depository Institution $70 M $152 M $82 M
Total Deposits $2,245 M $2,415 M $170 M
Total Liabilities $2,714 M $2,878 M $164 M
Net Operating Income $22 M $3 M $19 M
Net Interest Income $87 M $22 M $65 M
Branches 19 19 0
Employees 773 810 37

Data from FDIC as of 12/31/2008 and 3/31/2009

Recent National Live Auction CD Rates
for March 20, 2010

Term National Avg APY* Overnight
Auction APY
High-Yield Savings Account Rates 0.20% 1.50%
3 Month CD Rates 0.29% 1.01%
9 Month CD Rates 0.69% 1.26%
1 Year CD Rates 0.69% 1.70%
2 Year CD Rates 1.16% 2.06%

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*Source: TheStreet.com

†Overnight Auction APY is a sample rate for a nightly auction for a $50,000 deposit.

* Annual Percentage Yield ("APY")